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Kevin Hartz tends to be first through the door. In 2001, he co-founded Xoom, back when sending money across borders meant standing in line at Western Union. In 2013, it went public, and in 2015, PayPal paid $1.1 billion for it. Four years after launching Xoom, he co-founded Eventbrite, which went public in 2018 and … Read more
A small risk seldom leads to a big reward, but it’s certainly not impossible. Last week, a sports betting customer won more than $142,000 from a three-leg parlay, wagering three NFL tight ends would score the first touchdowns of their respective games, DraftKings posted on X. The initial wager was just $15. The exponentially larger … Read more
Key Takeaways Polymarket traders are predicting that the US government shutdown could last through October. The platform has become a key gauge for political risk, with traders pricing in longer timelines for resolving the budget standoff. Share this article Traders on Polymarket, a decentralized prediction market platform, are betting that the ongoing US government shutdown … Read more
Delta Air Lines delivered a robust set of financial results for the third quarter of 2025, posting record revenue and beating consensus forecasts for earnings, driven largely by continued strength in premium and corporate travel demand. CEO Ed Bastian expressed optimism for the months ahead, projecting full-year adjusted earnings per share (EPS) to reach about … Read more
The document, Charlie Scharf recalls, was 3,162 pages. It included 6,000 tasks; 28,000 people worked on it. This staggeringly long volume was the plan to save Wells Fargo, forged by Scharf and his team shortly after he took over as CEO in October 2019. At the time, Wells had been laboring under a regulatory crackdown … Read more
Intercontinental Exchange, the same company that owns the New York Stock Exchange, is betting big on the future of prediction markets. ICE is investing up to $2 billion into Polymarket, a blockchain-powered platform that lets users bet on real-world events. That puts Polymarket’s valuation around $8 billion before any of this money even hits the … Read more
This deal is just the latest in a string of data center investments involving OpenAI and other tech firms. Shortly after his inauguration in January, US president Donald Trump announced that OpenAI, SoftBank, and Oracle would invest $100 billion in building AI data centers on US soil and would pour up to $500 billion into … Read more
Microsoft CTO Kevin Scott joins the Disrupt Stage at TechCrunch Disrupt 2025 to share how one of the world’s largest technology companies is navigating the AI revolution and what it means for startups and the future of innovation. From its landmark partnership with OpenAI to reshaping enterprise and consumer products with AI, Scott will pull … Read more
A lot is riding on the AI boom, and it isn’t just the stock market surge. AI is being touted as an elixir for a number of serious economic challenges, according to Ruchir Sharma, chair of Rockefeller International. In a Financial Times column on Sunday, the market veteran pointed out that the “immigration boom-bust cycle” … Read more
Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.” To get this in your inbox, sign up here for free — just click TechCrunch Mobility! More than a month ago, I asked you, dear reader, how you thought EV sales would play out once the $7,500 federal tax credit expired on September … Read more
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