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Can a TikTok Campaign Buy an Airline? Spirit Airlines Sees $335M in Pledges
O’Leary Ventures Chairman Kevin O’Leary discusses the shutdown of Spirit Airlines and the price New York City is paying for Mayor Zohran Mamdani’s policies on ‘Varney & Co.’ Key Takeaways ULCC Vulnerability Exposed: Spirit Airlines’ shutdown underscores the extreme sensitivity of the ultra-low-cost carrier (ULCC) model to external shocks like volatile fuel prices and the challenge of…
How Ricursive Intelligence raised $335M at a $4B valuation in 4 months
The co-founders of startup Ricursive Intelligence seemed destined to be co-founders. Anna Goldie, CEO, and Azalia Mirhoseini, CTO, are so well-known in the AI community that they were among those AI engineers who “got those weird emails from Zuckerberg making crazy offers to us,” Goldie told TechCrunch, chuckling. (They didn’t take the offers.) The pair worked at Google Brain together and were…
$335M in XRP Vanish From Exchanges Overnight: What’s Next for Ripple’s Price?
Over 149 million XRP, valued at about $336 million, has been removed from centralized exchanges in just a day. This is one of the sharpest single-day drops in XRP exchange reserves in recent months. Despite the large transfer, the asset tumbled below $2.30 earlier today, marking a significant 9% overnight decline. Meanwhile, this development raises new questions among traders and analysts. Some…