Midterm Ad Buys to Beat 2024, Hit Record $11.6 BillionTotal spending on advertising in this year’s midterm elections is on track to hit $11.6 billion, shattering the record set by the 2024 presidential election cycle, according to a new estimate by analytics firm AdImpact.
Meta Starts Unwinding Manus Deal by Splitting Operations, DataMeta Platforms Inc. has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step toward unwinding a $2 billion acquisition opposed by Beijing.
Meta, X to Face Moratorium on Users Under 16 With New Canada BillCanadian Prime Minister Mark Carney’s government introduced legislation that would ban social media for youth under 16 unless companies such as Meta Platforms Inc. and X Corp. meet a set of safety standards.
SpaceX Crypto Traders Are Betting on a $2.2 Trillion ValuationCrypto traders are looking past SpaceX’s expected IPO price and placing a higher value on Elon Musk’s rocket, satellite and artificial intelligence company ahead of its trading debut.
SpaceX IPO Draws More Than $100 Billion in Retail OrdersRetail investors bidding for shares in SpaceX’s initial public offering have submitted more than $100 billion in orders, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch.
UK Energy Regulator Warns Data Centers Are Hoarding Grid CapacityThe UK’s energy regulator is concerned that data centers are reserving large amounts of grid capacity years before fully needed, further threatening the efficiency of networks facing long queues for new supply.
OpenAI Weighs Significant Price Cuts in Rivalry With AnthropicOpenAI is considering significant price cuts for its services in anticipation of similar cost reductions from rival Anthropic PBC, according to people familiar with the matter, hinting at the possibility of a pricing war in the lead-up to their expected public offerings.