Good evening!
Congrats to Figma shareholders today! 🎉
Here are the 7 things you missed today:
1. 🚨 Figma Hit $45Bn Market Cap on IPO Launch Day
Figma has finally begun trading on the New York Stock Exchange after a long delay. The stock soared so quickly that trading was halted for a short time due to market volatility. Shareholders originally sold at the IPO price of $33/share, but the price now is between $101-112 with a mid-day market cap of $45 billion. Pretty nice. (TechCrunch)
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3. 💰 Microsoft is Now the Second $4T Company
Microsoft’s stock price rose so much today that it passed a $4 trillion market valuation for the first time in its 50-year history. The software maker is the second company to be valued at such a feat after Nvidia reached a market cap of over $4 trillion earlier this month. (The Verge)
4. 📊 U.S. vs Offshore: What Video Editors Really Cost
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5. 🧑⚖️ Google Lost its App Store Appeal
In a major move for App Store sellers, Google lost its appeal of a judge’s court order requiring the tech giant to revamp its app store in an antitrust case filed by Epic Games. This means the order stands for Google to open its app store to rivals and give Android users more choice when it comes to downloading apps. (TechCrunch)
6. 👀 Your ChatGPT Queries Are Being Indexed by Search Engines
Turns out, if you filter search results on Google, Bing, and other search engines to only include URLs from the domain “https://chatgpt.com/share,” you can find strangers’ conversations with ChatGPT. ChatGPT says it doesn’t make these conversations public by default, just if the user deliberately clicks the “share” button in their own chat then clicks a second “create link” button. (TechCrunch)
7. 🇺🇸 U.S. Govt is Trying to Ban Shady Subscription Auto-Renewals
U.S. lawmakers are introducing a bill to revive the Federal Trade Commission’s “Click-to-Cancel” rule that makes it easy for consumers to cancel a subscription. The rule, which has been in discussion for quite some time, was supposed to take effect this month but was nullified by a federal appeals court over a missed regulatory analysis. (ArsTechnica)
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