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August 3, 2025, 6:05 AM
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| Allie Garfinkle / Fortune: |
The Marin Community Foundation sold 13.4M+ Figma shares for $440M+ in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace — As Figma went public this week to much fanfare—and an almost instantaneous 250% stock pop—quite a few folks from Silicon Valley made money.
X: @ajs
| Anthony Ha / TechCrunch: |
Lina Khan cites Figma IPO as vindication of M&A scrutiny, saying letting startups grow independently, rather than be acquired, can generate “enormous value” — A surprising figure is celebrating Figma's successful IPO: Lina Khan, former chair of the Federal Trade Commission.
More: Business Insider and Wall Street Journal
Mastodon: @[email protected]. X: @linamkhan, @asglidden, @pascalthibeault, @negrolibre1, @balajis, @balajis, @krishnanrohit, @silvermanjacob, @krishnanrohit, @adityaag, and @matthewstoller. LinkedIn: Yuliya Chernova. Forums: Hacker News
| Wall Street Journal: |
Sources: the researcher who declined Zuckerberg's offer of a $1.5B+ package over six years is Thinking Machines co-founder and ex-Meta staffer Andrew Tulloch — The loyalties and larger-than-life figures prompting some people to turn down insanely lucrative offers in Silicon Valley right now
More: Moneycontrol, Financial Express, Times of India, Spyglass, and Livemint
Bluesky: @rightardia. Mastodon: @[email protected]. Threads: @tomwarrenuk. X: @kyliebytes, @asynccollab, @yuchenj_uw, @dorialexander, @object_zero_, @__paleologo, @kyliebytes, and @nearlydaniel
Forums: r/singularity, r/technology, and r/usyd
| Emily Baker-White / Forbes: |
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble — Before he helped run Truth Social, Chris Pavlovski owned porn domains. Now, he's allied with a political movement that wants to ban pornography.| Zack Abrams / The Block: |
Arkham Intelligence claims to have uncovered a previously undisclosed heist of 127,426 BTC, now worth ~$14.5B, from Chinese mining pool LuBian in December 2020 — - Blockchain analytics platform Arkham Intelligence claims to have uncovered a heist of 127,426 BTC, now worth nearly $14.5 billion, from a Chinese mining pool in 2020.
More: Crypto Briefing, Cryptonews, Bitcoin Insider, Arkham, Coinspeaker, Arkham, Cointelegraph, Blockchain.News, CoinDesk, CoinGape, and BeInCrypto
| Himanshi Lohchab / The Economic Times: |
Xpheno: Meta, Amazon, Apple, Microsoft, Netflix, Google, and their affiliates grew their combined India headcount by 16% over the past year, adding 28K+ jobs — Despite global layoffs, FAAMNG companies are expanding their India headcount, growing by 16% in the past year, driven by demand for AI, cloud, and cybersecurity skills.| Kai Schultz / Bloomberg: |
Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth — The US Treasury says this Cambodian conglomerate has laundered at least $4 billion for clients including North Korean hackers and transnational crime groups.| Bloomberg: |
Thoma Bravo agrees to acquire a stake in Chicago-based Trading Technologies, sources say the deal values the capital markets industry SaaS provider at over $1B — Buyout firm Thoma Bravo has agreed to acquire a stake in Trading Technologies International Inc. in a transaction valued at more than $1 billion …
More: Trading Technologies and Finextra
| Debby Wu / Bloomberg: |
Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn — Hon Hai Precision Industry Co. formed a strategic alliance with Teco Electric & Machinery Co., a pact that should help … | Salvador Rodriguez / CNBC: |
An in-depth look at the rise of relationships between humans and AI companion chatbots on apps like Nomi, coinciding with a loneliness epidemic in the US — Nikolai Daskalov lives alone in a small house in rural Virginia. His preferred spot is a brown suede recliner in the middle …
X: @justalexoki, @helentheauthor, @stardustbunney, @drjenwolkin, and @dburgar
Forums: r/technews, r/Futurology, r/singularity, and r/technology
| Bloomberg: |
Cinven acquires a majority stake in Smart Communications from Accel-KKR; sources: the deal values the customer conversations platform at ~$1.8B including debt — Cinven has acquired a majority stake in UK technology firm Smart Communications from investment firm Accel-KKR.
More: Smart Communications
| Nina Bambysheva / Forbes: |
A profile of Robinhood CEO Vlad Tenev, whose personal fortune has surged 6x over the past year to $6.1B, as the company leans into tokenized stock derivatives — First Vlad Tenev blew up the brokerage industry's fee model. Now, thanks in part to his full-on crypto embrace …
X: @vladtenev and @ninabambysheva
| Anne VanderMey / Bloomberg: |
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows — Podcasts hosted by venture capitalists set the narrative in tech, changing the way that insiders—and everyone else—learn about the world of startups.| Washington Post: |
How Palantir has benefited since President Trump took office, securing new and expanded government contracts and becoming the S&P's top-performing stock of 2025 — From warfighting and tracking deportations to writing State Department cables with AI, the company is benefiting …
More: The Gateway Pundit, Tech in Asia, The Register, Daily Caller News Foundation, Tech Xplore, Wired, UPI, Joe.My.God., and CNBC
Bluesky: @couts, @reichlinmelnick, @crystal159, @icoll, and @kimlanelaw
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Hard Fork:
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