Why it matters: The disgraced entrepreneur is among a small cadre of tech execs to be convicted of fraud — and given the eye-popping dollars involved in the scheme, he could get a multi-decade sentence.
Emad Mostaque has stepped down as CEO of Stability AI and from its board to pursue other ventures within the sector, the company announced late Friday.
The Mega Millions jackpot grew to an estimated $1.1 billion Saturday, marking the first time this year that a U.S. lottery prize has entered billion-dollar territory.
Why it matters: The jackpot for the Tuesday, March 26 drawing is now the nation's eighth-largest lottery prize ever.
Ibotta, a Denver-based provider of cash-back rewards programs, has filed for an initial public offering on the New York Stock Exchange under the ticker "IBTA."
Why it matters: Reddit and Astera's IPOs this week have likely given confidence to tech and consumer companies.
Nestlé USA is recalling about 440,500 ceramic Starbucks-branded mugs sold in holiday gift sets because they pose burn and laceration hazards, according to a recall notice.
Why it matters: There have been 12 incidents of the mugs overheating or breaking and 10 reported injuries, per the recall posted on U.S. Consumer Product Safety Commission website.
Former Republican National Committee (RNC) Chairwoman Ronna McDaniel is joining NBC News as on-air contributor, the network announced Friday.
Why it matters: She joins the network after facing a pressure campaign from former President Trump to resign from the RNC. Trump instead favored a triumvirate of loyalists to lead the committee.
Truth Social, the Twitter clone launched in 2022 by former President Trump, will become a publicly traded company by as early as next week.
Driving the news: Shareholders of Digital World Acquisition Corp., a blank-check company, on Friday approved a merger with Truth Social's parent company, Trump Media & Technology Group.
Digital World Acquisition Corp. shareholders on Friday will vote on its proposed merger with Trump Media & Technology Group, the parent company of Truth Social. If successful, TMTG could become a publicly listed company by as early as next week.
Artworks are like stock options: They become more valuable when they're backdated. That's what makes The Guardian's investigation into the dates on Damien Hirst sculptures so juicy.
Why it matters: As the Guardian's Jonathan Jones writes, the revelations of backdating "threaten to poison Hirst's whole artistic biography."
A company called Yondr that sells lockable cellphone pouches is rapidly cornering the market in K-12 schools, as educators crack down on texting and social media use during class.
Why it matters: Banning cellphones in schools doesn't get students to stop using them there — but forcing them to use a Yondr pouch, which gets unlocked as they leave school, is working.
The Republican-led House Judiciary Committee on Thursday sued two Department of Justice attorneys who worked on Hunter Biden's federal tax investigation in an effort to compel them to testify.
The big picture: The panel states in its lawsuit it needs to take the action as part of its investigation into whether the department had given President Biden's son "favorable treatment" and whether his father "has abused his power as President to impede, obstruct, or otherwise influence investigations into his son."
Jensen Huang — founder and CEO of Nvidia, the AI chip company that's on a rocket ride — last week offered a sadistic wish while speaking to Stanford students: "I hope suffering happens to you."
Without pain and suffering, there's no resilience, he argued. And without resilience, there's no greatness.
"Greatness is not intelligence," Huang said. "Greatness comes from character. And character isn't formed out of smart people. It's formed out of people who suffered."
