Five decades of digital innovation delivered adoption without productivity. Ming Lu argues AI’s payoff will follow the same slow path.
Everything you need to know before you reach the office this morning.
Meta exceeds revenue estimates as capex nearly doubles from a year ago.
Meta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.
Sixteen companies have opposed plans to trade tokenized versions of their shares on Andrew Cuomo–backed platform OKXICE.
Group to create new class of non-voting shares to allow stock sales without diluting founder’s control