The social-media company's agreement to license its content with Microsoft-backed OpenAI comes after Reddit reached a similar arrangement with Alphabet’s Google, reported to be worth $60 million a year.
Figma announced on Thursday that it will conduct a tender offer allowing investors, including current and former employees, to sell shares at a valuation of $12.5 billion. This marks a 25% increase from its 2021 fundraising valuation, yet falls short of Adobe Inc’s (NASDAQ:ADBE) $20 billion acquisition offer in 2022. Following regulatory hurdles, Adobe and Figma terminated their acquisition deal last December. The San Francisco-based startup anticipates the tender size will range between $600 mi
While Mag 7 stocks like Nvidia go AWOL, Core & Main again sees demand from top funds, lifting CNM stock into yet another buy zone.