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Allbirds shares jump over 400% on plans to pivot to AI from sneakers
Allbirds shares jumped over 400% after announcing a $50 million convertible financing to pivot from footwear to ai computing infrastructure.
Judge blocks Trump layoffs during government shutdown
SAN FRANCISCO (AP) — President Donald Trump’s administration for now must stop firing workers during the government shutdown, a federal judge ordered on Wednesday. U.S. District Judge Susan Illston in San Francisco said the cuts appeared to be politically motivated and were being carried out without much thought. “It’s very much ready, fire, aim on most […]
23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns
NEW YORK (AP) — 23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan. Anne Wojcicki, […]
