Lower demand and climbing inflation rates had caused the California-based company to declare bankruptcy earlier this month. SunPower was a leading name in the American solar market, but it began to unravel following a US Securities and Exchange Commission subpoena and the departure of its CEO. Don’t miss out the latest news, subscribe to LeapRate’s…
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OpenAI was valued at $29bn last year, but that rose to $80bn early in 2024. The rise in its value coincided with annual revenue exceeding $2bn for the first time, a landmark which came earlier this year. Before that, the launch of the ChatGPT chatbot at the end of 2022 helped put the company into…
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With billionaire Edgar Bronfman Jr. taking a step back from the battle to gain control of Paramount, it's looking more likely that Skydance Media will, after a long period of speculation, be the winner of the race to buy the company. For now, PARA is operated by National Amusements (NAI), the holding company run by…
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The sending of data outside the European Union (EU) goes against the region's rules and the ride-hailing company has now stopped doing so. Upon hearing the decision to fine the company, Uber spokesperson Caspar Nixon said that the DPA's decision was flawed and that the size of the fine was unjustified. Nixon went on to…
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Posts began to appear on Wednesday 21 August, with the five million followers of McDonald’s on Instagram seeing the grimace memecoin promoted. This token is based on the Solana blockchain and its market value began to rise, apparently due to the hacked account. The value of grimace began to climb until its market cap reached…
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This company said that it raised these funds in a Series B capital round. A CNBC report cited unnamed sources who claimed that this latest fundraising brings Story’s value to $2.25bn. Polychain, a crypto venture capital firm, and Brevan Howard, the investment fund of British billionaire and hedge fund manager Alan Howard, also invested in…
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Since May 2022, Netflix’s shares soared over 300% from their low point in May 2022, making it the only major publicly traded streaming company to recover to the all-time-high levels since COVID-19. Investors were drawn to the rapid subscriber growth as people stayed at home and the shares soared. In contrast, other streaming companies have…
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The company went public on the Nasdaq in March, and the price has been volatile since then, with a loss of 36% of its value in the last month. After the latest fall, it’s now at its lowest point since the public launch. DJT is the company that operates the social media platform called Truth…
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The firm recently confirmed that it tripled its advertising spend in games in the last three years. Unilever now has a team made up of more than 30 developers who are constantly trying to find new approaches that will bring its products to the eyes of the fast-growing gaming community. Willem Dinger, the global head…
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The cash offer will be the biggest acquisition ever made by Mars, eclipsing the $23bn it paid to take over Wrigley in 2008. The privately owned chocolate maker announced the purchase on Wednesday. The deal could attract attention from competition watchdogs as it will see brands like Pringles, Milky Way, and Twix brought together in…
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