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Brazil's iFood App Invests $3.1 Billion in Capital to Drive Growth and Innovation

Brazil's iFood App Invests $3.1 Billion in Capital to Drive Growth and Innovation

SAO PAULO — In a daring bid reflecting confidence in Brazil's economic prospects, food delivery behemoth iFood, which is owned by Dutch investment house Prosus, has committed straight investments of 17 billion reais (about $3.1 billion) in Brazil over the 12 months from April 2025 through March 2026.

Palantir Shares Jump on AI Bubble and Boosted Revenue Estimate

Palantir Shares Jump on AI Bubble and Boosted Revenue Estimate

Palantir Technologies (NYSE: PLTR) saw its stock rise 5% during premarket trading on Tuesday, fueled by skyrocketing demand for its artificial intelligence-driven platforms and a lifted annual revenue guide. The company, famous for its military-grade data analysis tools, is still riding the AI bandwagon, and thus it becomes the top

Tesla Pays Elon Musk $29 Billion in Stock During Court Fight Over Earlier $56 Billion Compensation Plan

Tesla Pays Elon Musk $29 Billion in Stock During Court Fight Over Earlier $56 Billion Compensation Plan

Tesla has granted CEO Elon Musk a new interim pay package worth around $29 billion, giving him 96 million Tesla shares. The action, disclosed in a Monday regulatory filing, is being taken while the electric vehicle (EV) manufacturer is waiting for the Delaware Supreme Court to rule on a disputed

Meta to Spread AI Infrastructure Costs Through $2 Billion Asset Sale

Meta to Spread AI Infrastructure Costs Through $2 Billion Asset Sale

Meta Platforms (NASDAQ: META) announced it would sell $2.04 billion worth of data center assets in a move that marks a bold attempt to lighten the financial load of developing the huge infrastructure needed to fuel its growing artificial intelligence operations. In a filing on Thursday, the technology giant

Amazon Stock Drops 8% After Q2 Earnings Despite Strong Revenue: Here's What You Need to Know

Amazon Stock Drops 8% After Q2 Earnings Despite Strong Revenue: Here's What You Need to Know

Amazon's stock fell 8% on Friday after the company reported second-quarter 2025 earnings, even after reporting better-than-expected results on core measures such as revenue and profit. Though the reports were good across most areas—most notably advertising and e-commerce—shareholders weren't pleased with dismal profit guidance

Tesla Responsible in Part for Fatal Autopilot Accident, Told to Pay Up to $242.5 Million

Tesla Responsible in Part for Fatal Autopilot Accident, Told to Pay Up to $242.5 Million

In a historic verdict, a Miami jury held that Tesla should pay part of $329 million in damages after one of its Autopilot systems caused a fatal crash in 2019. The court held the electric vehicle manufacturer 33% liable for the accident, ordering $129 million in compensatory damages and $200

Figma's Blockbuster IPO Puts Best VCs on $24 Billion Goldmine—Silicon Valley's IPO Drought Finally Ends

Figma's Blockbuster IPO Puts Best VCs on $24 Billion Goldmine—Silicon Valley's IPO Drought Finally Ends

Figma's successful listing on the New York Stock Exchange has shaken Silicon Valley out of its slumber. After years of lacklustre exits and lacklustre listings, the IPO of the design software firm has brought a much-awaited bonanza to the venture capital titans—Index Ventures, Greylock, Kleiner Perkins, and