The IPO boom isn’t lifting all boats. Shares of mobile e-commerce firm Wish started trading on Wednesday, only to fall 13% from its IPO price of $24 early on. The dip shows that investors are picking and choosing, regardless of recent performance. Last week Airbnb and DoorDash, two of the best known tech names, went public amid intense investor demand. Shares of both soared from their IPO...
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Larry Summers Has a Message for Silicon Valley
Larry Summers has a message to all of us here in Silicon Valley: It’s time to switch up that reading list. “Perhaps pay a little more attention to history relative to science fiction in terms of understanding all the things that the future may hold,” he said during a conversation with me and The Information subscribers Tuesday.
Nvidia CEO Says Generative AI is an ‘iPhone Moment'
OpenAI Temporarily Shuts Down ChatGPT After Privacy Bug Leaks Users’ Chat Histories
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
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