Klarna’s IPO raised $1.37 billion at $40 per share, oversubscribed 25 times, valuing company $15.1 billion.
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Fintech
Marvell Technology’s Stock Plummets Amid AI Chip Concerns
Marvell Technology’s stock fell 11.3% due to disappointing data center demand and forecasts.
Bluesky Blocks Access Over Mississippi Age Verification Law
Bluesky blocks Mississippi IPs over age verification law, pending court ruling on its constitutionality.
Wikimedia Foundation Faces Setback Over UK Safety Law
A London court dismissed Wikimedia’s challenge to the UK’s Online Safety Act, threatening Wikipedia’s accessibility.
Youth Jobs Program ATM Scam Results in $17 Million Theft
A massive ATM scam linked to a youth program stole USD 17 million in three days.
Rivian Rolls Out High-Performance SUVs with Unified Charging
Rivian launches orders for 2026 Quad Motor truck and SUV, featuring 1,025 horsepower and advanced technology.