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Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn.

Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around $600m into the rocket company. At the IPO price, that stake is worth more than $50bn. That is roughly an 80-fold return. Few venture bets have ever paid out on this scale. The figure comes from Bloomberg. Founders […]

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US spy law to expire for first time after lawmakers reject Trump’s controversial pick to lead spy agencies

The spy law known as Section 702, which authorizes the NSA and FBI’s warrantless surveillance, will all but certainly expire on Friday for the first time.

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Current’s $80M Series E values the neobank below its 2021 peak

The Current Series E is in. The New York neobank raised $80m, led by Springcoast Partners, at a $1.5bn valuation. That headline hides the real story. In 2021, Andreessen Horowitz valued Current at $2.2bn. The new round sits about a third below that peak. So this is a down round. It is also, the company […]

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This portable light is great for way more than camping

It’s intended for camping, but BougeRV’s T1 light is so versatile that it also makes for a great summer travel companion that’ll continue to light the dark corners of your life long after you return. I used it for a few months during a recent road trip in my camper van, and it’s the light […]

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The UK is about to ban under-16s from social media. Its own child-safety charities are worried.

A UK under-16 social media ban, for years a fringe idea, is now days from becoming government policy. Ministers are expected to outline the plan to Parliament on Monday, ahead of the 18 June Makerfield by-election, according to POLITICO, which cited people familiar with discussions inside the Department for Science, Innovation and Technology and No. […]

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The UK is about to ban under-16s from social media. Its own child-safety charities are worried. Read More »

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