A recently-added feature in Grammarly purports to improve users’ writing with help from the world’s great writers and thinkers — and some tech journalists, too. Launched in August 2025 as part of a broader set of AI-powered features, Expert Review appears in the sidebar of Grammarly’s main writing assistant, allowing users to bring up revision suggestions “from the perspective” of subject matter e...
A recently-added feature in Grammarly purports to improve users’ writing with help from the world’s great writers and thinkers — and some tech journalists, too. Launched in August 2025 as part of a broader set of AI-powered features, Expert Review appears in the sidebar of Grammarly’s main writing assistant, allowing users to bring up revision suggestions “from the perspective” of subject matter experts. Wired noted that this Grammarly frames this feedback as if it was coming from well-known authors, whether they’re living or dead. In some cases, according to The Verge, it can even appear to come from tech journalists at The Verge, Wired, Bloomberg, The New York Times, and other publications. Of course, I couldn’t help but wonder: What about TechCrunch? I copy-pasted an early draft of this post into Grammarly in the hopes that that I might see some tips from my TC colleagues, but I was instead told to add ethical context like Casey Newton, “leverage the anecdote for reader alignment” like Kara Swisher, and “pose the bigger accountability question” like Timnit Gebru. Which was all rather disappointing: Yes, the feature seems a bit thoughtless and ill-advised, but if all those other pubs are going to get mentioned, then what are we doing wrong? Anyway, to state the obvious, none of these figures appear to be involved in Expert Reviews or to have given Grammarly permission to use their names. Alex Gay, vice president of product and corporate marketing at Grammarly’s parent company Superhuman, told The Verge that these experts are mentioned “because their published works are publicly available and widely cited.” And in its user guide to the feature, Grammarly says, “References to experts in Expert Review are for informational purposes only and do not indicate any affiliation with Grammarly or endorsement by those individuals or entities.” Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. F...
Key Points Micron is a leading supplier of high-bandwidth memory for data centers, which is a critical component in the AI hardware stack. Micron will report its latest quarterly financial results on March 18, and its revenue is expected to have more than doubled. Micron stock looks cheap right now, which could set the stage for further upside. 10 stocks we like better than Micron Technology › Gra...
Key Points Micron is a leading supplier of high-bandwidth memory for data centers, which is a critical component in the AI hardware stack. Micron will report its latest quarterly financial results on March 18, and its revenue is expected to have more than doubled. Micron stock looks cheap right now, which could set the stage for further upside. 10 stocks we like better than Micron Technology › Graphics processing units (GPUs) are the main data center chips used in artificial intelligence (AI) development. The best GPUs in the industry are supplied by Nvidia and Advanced Micro Devices, and both of those companies source an important component called high-bandwidth memory (HBM) from Micron Technology (NASDAQ: MU). Micron's HBM solutions are fitted alongside advanced GPUs, where they keep data flowing seamlessly to unlock maximum processing speeds. The company is experiencing astronomical demand right now, which is driving a surge in its revenue and earnings. As a result, its stock has gained a whopping 323% over the last 12 months alone. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But can the blistering returns continue? A digital rendering of a circuit board with a chip in the center, with AI inscribed on it. Image source: Getty Images. Memory is essential for processing AI workloads GPUs need a constant flow of data when training AI models and serving them to end-users. HBM stores this data in a ready state for when the GPU needs it, and the higher the memory capacity, the more data it can hold in the pipeline. Conversely, a low memory capacity would lead to bottlenecks, forcing the GPU to pause its workloads while it waits to receive fresh data. Micron's HBM3E solution for the data center offers 50% more capacity than the competition, while consuming 30% less energy. This is a winning combina...
Key Points Micron is a leading supplier of high-bandwidth memory for data centers, which is a critical component in the AI hardware stack. Micron will report its latest quarterly financial results on March 18, and its revenue is expected to have more than doubled. Micron stock looks cheap right now, which could set the stage for further upside. 10 stocks we like better than Micron Technology › Gra...
Key Points Micron is a leading supplier of high-bandwidth memory for data centers, which is a critical component in the AI hardware stack. Micron will report its latest quarterly financial results on March 18, and its revenue is expected to have more than doubled. Micron stock looks cheap right now, which could set the stage for further upside. 10 stocks we like better than Micron Technology › Graphics processing units (GPUs) are the main data center chips used in artificial intelligence (AI) development. The best GPUs in the industry are supplied by Nvidia and Advanced Micro Devices, and both of those companies source an important component called high-bandwidth memory (HBM) from Micron Technology (NASDAQ: MU). Micron's HBM solutions are fitted alongside advanced GPUs, where they keep data flowing seamlessly to unlock maximum processing speeds. The company is experiencing astronomical demand right now, which is driving a surge in its revenue and earnings. As a result, its stock has gained a whopping 323% over the last 12 months alone. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But can the blistering returns continue? Memory is essential for processing AI workloads GPUs need a constant flow of data when training AI models and serving them to end-users. HBM stores this data in a ready state for when the GPU needs it, and the higher the memory capacity, the more data it can hold in the pipeline. Conversely, a low memory capacity would lead to bottlenecks, forcing the GPU to pause its workloads while it waits to receive fresh data. Micron's HBM3E solution for the data center offers 50% more capacity than the competition, while consuming 30% less energy. This is a winning combination for AI developers who want the fastest processing speeds and the lowest possible cost. But Micron will ramp up pro...
There is an irony that the club that welcomed the cameras to Wrexham was denied by them. As film star owners watched on, it was a video screen that brought a cruel dose of reality to a fantastic FA Cup tie and ensured Chelsea avoided a humbling fifth-round exit. The Cae Ras has a storied history in its 162 years, but this was the first time the video assistant referee (VAR) has been in operation i...
There is an irony that the club that welcomed the cameras to Wrexham was denied by them. As film star owners watched on, it was a video screen that brought a cruel dose of reality to a fantastic FA Cup tie and ensured Chelsea avoided a humbling fifth-round exit. The Cae Ras has a storied history in its 162 years, but this was the first time the video assistant referee (VAR) has been in operation in the oldest international ground in world football. Its first scene was to turn George Dobson's card from a yellow into a red, leaving the Championship hosts with 10 men and Chelsea off the hook going into extra time. Its second was to rule out a Wrexham equaliser that would have taken the game to penalties, Lewis Brunt inches offside as he connected with Kieffer Moore's header on the line. "We had the highs and lows in such a short space of time and fell the wrong side of it [VAR]," said striker Sam Smith, whose opener was the early warning that Chelsea were in for a night of it in north Wales. "It was our first experience of it and hopefully it's our last until next season."
HP (HPQ +0.59%) is a household name, as just about every home has, or has had at one point, an HP computer, laptop, or printer. But the stock has struggled recently, trading down about 34% in the past 12 months and almost 13% year to date. Inconsistent earnings and flat revenue have led to several recent earnings misses for HP. While personal computer sales have been solid, HP has seen a drop in p...
HP (HPQ +0.59%) is a household name, as just about every home has, or has had at one point, an HP computer, laptop, or printer. But the stock has struggled recently, trading down about 34% in the past 12 months and almost 13% year to date. Inconsistent earnings and flat revenue have led to several recent earnings misses for HP. While personal computer sales have been solid, HP has seen a drop in printer sales as people move toward digital. In addition, HP has been saddled with higher expenses, in part due to tariffs on components, relocating manufacturing to lower-tariff areas, and rising costs for memory components. Due to the high memory demand from artificial intelligence (AI), memory accounts for more of the PC build than it has in the past, about 35%, double what it was just a few quarters ago. On top of that, the cost of memory components has been rising because of the demand and supply shortage. Combined, these factors have increased costs for HP and been a drag on earnings. They caused the company to project earnings to be at the lower end of its guidance range for this fiscal year. Expand NYSE : HPQ HP Today's Change ( 0.59 %) $ 0.12 Current Price $ 19.45 Key Data Points Market Cap $18B Day's Range $ 18.89 - $ 19.46 52wk Range $ 17.56 - $ 30.50 Volume 633K Avg Vol 18M Gross Margin 19.91 % Dividend Yield 6.00 % The bull case for HP These factors have soured not only investors on HP, but Wall Street analysts as well. The stock has a median price target of $19 per share, which is essentially where it is now. Further, some 32% of analysts say "sell," as opposed to just 21% who rate it as a buy. But there are a couple of reasons why the majority of analysts may be wrong. For starters, the stock is dirt cheap, trading at just 7 times earnings and 6 times forward earnings. Second, HP is an elite dividend stock. It pays out a super-high yield of 6.2%, which is about as high a yield as you'll find with any outfit that's not a real estate investment trust (REIT) or b...
Three teenagers have been charged with murder after a man who tried to intervene and help a 14-year-old schoolboy was killed in a “savage” stabbing attack. Emergency crews were called to the Mernda train station in Melbourne’s north-east on Friday evening after reports of a fight among teenagers. A group of passersby, including a 22-year-old Mernda man, stepped in to intervene after a group of tee...
Three teenagers have been charged with murder after a man who tried to intervene and help a 14-year-old schoolboy was killed in a “savage” stabbing attack. Emergency crews were called to the Mernda train station in Melbourne’s north-east on Friday evening after reports of a fight among teenagers. A group of passersby, including a 22-year-old Mernda man, stepped in to intervene after a group of teens set upon a 14-year-old boy. The passersby tried to diffuse the situation, with the man taking the boy and walking him away from the situation and outside the train station, Homicide Squad Det Act Insp Nigel L’Estrange said. “Unfortunately, those four offenders followed both of them and then, in what could only be described as a savage attack, assaulted the 22-year-old male physically, both fists, kicking, and they used edged weapons,” he told reporters on Saturday. The victim suffered life-threatening injuries and was treated by paramedics but died at the scene. Sign up: AU Breaking News email Four male teens – a 16-year-old, two 17-year-olds and an 18-year-old – were arrested. The 16-year-old, from Whittlesea, and a 17-year-old from Geelong as well as an 18-year-old from Mill Park were all charged with murder and armed robbery. The eldest suspect will face Melbourne magistrates’ court on Sunday. A 17-year-old from the City of Yarra is under police guard at hospital and yet to be interviewed. “This is just a tragic situation where our victim here is just a good Samaritan who was trying to do the right thing,” Det Insp L’Estrange said. “He’s intervened, tried to protect this 14-year-old schoolboy, hasn’t been aggressive at all, tried to remove him from the scene, and as a result of his interaction, he’s now lost his life.” Health and Ambulance Services minister Mary-Anne Thomas said her thoughts were with the victim’s family, calling the horrific incident really concerning. She referred to the government’s toughened youth crime laws, which came into effect just over a wee...
Hong Kong has been slower than other parts of the world to embrace the use of surveillance cameras and facial recognition technology in the fight against crime. But the city is catching up. The first phase of the government’s SmartView programme , completed last year, saw the police install 5,000 cameras and integrate another 6,000 from other departments and organisations. This is just the beginni...
Hong Kong has been slower than other parts of the world to embrace the use of surveillance cameras and facial recognition technology in the fight against crime. But the city is catching up. The first phase of the government’s SmartView programme , completed last year, saw the police install 5,000 cameras and integrate another 6,000 from other departments and organisations. This is just the beginning. Around 60,000 cameras are expected to be in place by 2028 and another 6,500 will be added by 2031. It is a dramatic expansion. The HK$4 billion (US$511.6 million) scheme only began in April 2024. Facial recognition technology, which can match faces in public places to databases, helping police identify suspects, is set to be introduced this year. It is taking longer than expected to roll out. The police are still resolving legal and technical issues, ensuring officers are well prepared and that the public is ready. Given the intrusive nature of such tools, it is worth taking time to ensure their introduction is smooth and successful. The integration of cameras installed and operated by other departments will help speed up investigations. Cameras are not only to be deployed in crime hotspots but also on major roads and at MTR station entrances and transport interchanges. They are to cover public housing estates, sports venues and border control points. Collaboration with the private sector is also being explored, including with shopping centres. Advertisement There is no doubting the value of surveillance cameras in tackling crime. The police revealed that the SmartView system has helped crack 899 cases, including murders and robberies, as of this year. This is recognised around the world, with the United Kingdom, Australia, Singapore and Japan among the nations using CCTV cameras to catch criminals. But the stepping up of surveillance must be handled carefully, striking the right balance with the protection of people’s privacy. There is a need for clear and transparent ...
Donald Trump has renewed his stinging criticism of UK prime minister Keir Starmer over the lack of immediate UK support for the US-Israeli strikes on Iran. “The United Kingdom, our once Great Ally, maybe the Greatest of them all, is finally giving serious thought to sending two aircraft carriers to the Middle East,” Trump wrote on his social media platform, adding: “That’s OK, Prime Minister Starm...
Donald Trump has renewed his stinging criticism of UK prime minister Keir Starmer over the lack of immediate UK support for the US-Israeli strikes on Iran. “The United Kingdom, our once Great Ally, maybe the Greatest of them all, is finally giving serious thought to sending two aircraft carriers to the Middle East,” Trump wrote on his social media platform, adding: “That’s OK, Prime Minister Starmer, we don’t need them any longer – But we will remember. We don’t need people that join Wars after we’ve already won!” The put-down comes after the UK said it would allow US forces to use bases in Fairford, Gloucestershire, and Diego Garcia in the Indian Ocean, for “specific and limited defensive purpose” after initially refusing the US permission. Trump’s statement came hours after the UK ministry of defence announced that four US bombers had landed at an Royal Air Force base in Britain on Friday and Saturday and had already “started using British bases” to carry out operations “to prevent Iran firing missiles into the region, which is putting British lives at risk”. The statement also comes after British officials said they were preparing an aircraft carrier for possible deployment to the Middle East amid rising tensions linked to the conflict between the United States and Israel and Iran. A UK defence ministry spokesperson said: “HMS Prince of Wales has always been on very high readiness and we are increasing the preparedness of the carrier, reducing the time it would take to set sail for any deployment.” Members of Starmer’s Labour party have been cautious about military involvement in the war. Critics of the UK government claim the prime minister has put domestic electoral concerns before a foreign policy that traditionally values the “special relationship” with the US. Earlier Saturday, at a regional security conference in Miami, the US secretary of state, Marco Rubio, seemed to offer a veiled criticism of the UK and other nations, like Spain, that refused to let bas...
Graphics processing units (GPUs) are the main data center chips used in artificial intelligence (AI) development. The best GPUs in the industry are supplied by Nvidia and Advanced Micro Devices, and both of those companies source an important component called high-bandwidth memory (HBM) from Micron Technology (MU 6.68%). Micron's HBM solutions are fitted alongside advanced GPUs, where they keep da...
Graphics processing units (GPUs) are the main data center chips used in artificial intelligence (AI) development. The best GPUs in the industry are supplied by Nvidia and Advanced Micro Devices, and both of those companies source an important component called high-bandwidth memory (HBM) from Micron Technology (MU 6.68%). Micron's HBM solutions are fitted alongside advanced GPUs, where they keep data flowing seamlessly to unlock maximum processing speeds. The company is experiencing astronomical demand right now, which is driving a surge in its revenue and earnings. As a result, its stock has gained a whopping 323% over the last 12 months alone. But can the blistering returns continue? Memory is essential for processing AI workloads GPUs need a constant flow of data when training AI models and serving them to end-users. HBM stores this data in a ready state for when the GPU needs it, and the higher the memory capacity, the more data it can hold in the pipeline. Conversely, a low memory capacity would lead to bottlenecks, forcing the GPU to pause its workloads while it waits to receive fresh data. Micron's HBM3E solution for the data center offers 50% more capacity than the competition, while consuming 30% less energy. This is a winning combination for AI developers who want the fastest processing speeds and the lowest possible cost. But Micron will ramp up production of its new HBM4E solution this year, which will deliver a whopping 60% more capacity than HBM3E, while consuming 20% less energy. It is expected to power Nvidia's new Vera Rubin chips, which will be the most powerful in the world for AI workloads when they enter mass production in the second half of 2026. Micron's entire 2026 supply of data center HBM is already completely sold out, but its opportunity is only just ramping up. This market was worth $35 billion in 2025, and the company says it could grow by 40% per year until 2028, reaching $100 billion. March 18 could be a very important day for Micron M...
How Much Higher Can Micron Stock Go? The Motley Fool Why Micron Stock Is Sinking Today Yahoo Finance Micron's Setup Sweetens Despite The Current Market Meltdown Investor's Business Daily
How Much Higher Can Micron Stock Go? The Motley Fool Why Micron Stock Is Sinking Today Yahoo Finance Micron's Setup Sweetens Despite The Current Market Meltdown Investor's Business Daily
The Trade Desk (TTD 1.75%) did not see its business collapse in 2025. Revenue still grew in the high teens. Customer retention remained above 95%. And the company continued investing heavily in artificial intelligence (AI) and connected TV. Yet the stock price plunged 67.7% in 2025. The decline reflected a reset in expectations rather than a complete breakdown in fundamentals. Several forces conve...
The Trade Desk (TTD 1.75%) did not see its business collapse in 2025. Revenue still grew in the high teens. Customer retention remained above 95%. And the company continued investing heavily in artificial intelligence (AI) and connected TV. Yet the stock price plunged 67.7% in 2025. The decline reflected a reset in expectations rather than a complete breakdown in fundamentals. Several forces converged at once, and investors adjusted quickly to the new reality. The end of the "flawless execution" narrative Over the years, The Trade Desk has built one of the most consistent track records in digital advertising. The company beat expectations for over 30 consecutive quarters. That reliability fueled investors' expectations that the future would likely remain the same. So, when the streak ended in late 2024, investor psychology shifted. Even though growth remained solid in 2025, the perception of near-perfect execution disappeared. So investors recalibrated. Historically a high-multiple stock, The Trade Desk's valuation subsequently compressed to reflect the new environment's weaker predictability. As of this writing, the stock still trades at a price-to-earnings (P/E) ratio of 30 times even after the massive share-price drawdown. To be fair, the business did not deteriorate that dramatically, at least not yet. The narrative did. Add that to the nose-bleed valuation, and it's not surprising the stock price reverted massively lower. Expand NASDAQ : TTD The Trade Desk Today's Change ( -1.75 %) $ -0.52 Current Price $ 29.27 Key Data Points Market Cap $14B Day's Range $ 28.04 - $ 29.47 52wk Range $ 21.08 - $ 91.45 Volume 1.4M Avg Vol 17M Gross Margin 78.63 % Competition intensified for The Trade Desk At the same time, competitive pressure increased. Amazon expanded aggressively in advertising. Its demand-side platform gained momentum, and its partnerships with the likes of Netflix strengthened its connected TV position. Amazon combines retail data, inventory, and measurement...
Key Points The Trade Desk continued growing in 2025, but the end of its long revenue-beat streak shifted investor psychology. Competition now defines the risk profile. When a stock trades at elevated multiples, even modest execution hiccups or supply uncertainties can lead to sharp declines. 10 stocks we like better than The Trade Desk › The Trade Desk (NASDAQ: TTD) did not see its business collap...
Key Points The Trade Desk continued growing in 2025, but the end of its long revenue-beat streak shifted investor psychology. Competition now defines the risk profile. When a stock trades at elevated multiples, even modest execution hiccups or supply uncertainties can lead to sharp declines. 10 stocks we like better than The Trade Desk › The Trade Desk (NASDAQ: TTD) did not see its business collapse in 2025. Revenue still grew in the high teens. Customer retention remained above 95%. And the company continued investing heavily in artificial intelligence (AI) and connected TV. Yet the stock price plunged 67.7% in 2025. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The decline reflected a reset in expectations rather than a complete breakdown in fundamentals. Several forces converged at once, and investors adjusted quickly to the new reality. The end of the "flawless execution" narrative Over the years, The Trade Desk has built one of the most consistent track records in digital advertising. The company beat expectations for over 30 consecutive quarters. That reliability fueled investors' expectations that the future would likely remain the same. So, when the streak ended in late 2024, investor psychology shifted. Even though growth remained solid in 2025, the perception of near-perfect execution disappeared. So investors recalibrated. Historically a high-multiple stock, The Trade Desk's valuation subsequently compressed to reflect the new environment's weaker predictability. As of this writing, the stock still trades at a price-to-earnings (P/E) ratio of 30 times even after the massive share-price drawdown. To be fair, the business did not deteriorate that dramatically, at least not yet. The narrative did. Add that to the nose-bleed valuation, and it's not surprising the stock price reverted mass...
The head of OpenAI ’s robotics team resigned Saturday, citing the company’s deal to deploy its artificial intelligence models within the Pentagon’s classified network as the cause. “This wasn’t an easy call,” Caitlin Kalinowski wrote in a post on X. “AI has an important role in national security. But surveillance of Americans without judicial oversight and lethal autonomy without human authorizati...
The head of OpenAI ’s robotics team resigned Saturday, citing the company’s deal to deploy its artificial intelligence models within the Pentagon’s classified network as the cause. “This wasn’t an easy call,” Caitlin Kalinowski wrote in a post on X. “AI has an important role in national security. But surveillance of Americans without judicial oversight and lethal autonomy without human authorization are lines that deserved more deliberation than they got.” OpenAI confirmed Kalinowski’s departure in an email statement and said it believes the agreement with the Defense Department “creates a workable path for responsible national security uses of AI while making clear our red lines, no domestic surveillance and no autonomous weapons.” “We recognize that people have strong views about these issues and we will continue to engage in discussion with employees, government, civil society and communities around the world,” the company said. TechCrunch previously reported Kalinowski’s resignation. Read More: OpenAI Defends Pentagon Deal, Claims Safety Exceeds Anthropic’s Kalinowski joined OpenAI in November 2024 as a member of the company’s technical staff in robotics after leading development of augmented reality glasses for Meta, according to her LinkedIn profile. OpenAI struck its deal with the Pentagon in late February following the breakdown of talks between the Trump administration and Anthropic PBC , which pressed for assurances that its technology wouldn’t be used for mass surveillance of Americans or for fully autonomous weapons. OpenAI hasn’t said whether its services for the Pentagon will replace the work previously done by Anthropic. President Donald Trump ordered all government departments to stop working with Anthropic, and the Pentagon declared the company and its products a supply-chain risk. Anthropic, in turn, has said it would challenge the designation — which previously was reserved for entities of adversary nations such as China’s Huawei Technologies Co. ...
Key Points One position in Berkshire's huge equities portfolio is down close to 70% since 2015. Berkshire has stuck with it but may soon sell the position. 10 stocks we like better than Berkshire Hathaway › In 2013, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) partnered with the Brazilian private equity firm 3G to acquire Heinz for an enterprise value of $28 billion. Two years later, they merged He...
Key Points One position in Berkshire's huge equities portfolio is down close to 70% since 2015. Berkshire has stuck with it but may soon sell the position. 10 stocks we like better than Berkshire Hathaway › In 2013, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) partnered with the Brazilian private equity firm 3G to acquire Heinz for an enterprise value of $28 billion. Two years later, they merged Heinz with Kraft to create Kraft Heinz (NASDAQ: KHC), the company investors know today. The investment has arguably been one of Warren Buffett's worst. Since the merger, the stock is down nearly 67%, and Berkshire still owns 27.5% of the company. In his first letter to shareholders, new CEO Greg Abel acknowledged that "our return has been well short of adequate." Should investors sell the stock? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Can Kraft Heinz be fixed? Kraft Heinz, the maker of well-known food brands such as Heinz Ketchup, Philadelphia Cream Cheese, and Oscar Mayer meats, has struggled amid competition and shifting consumer preferences toward healthier, less processed alternatives. Some might also argue that 3G, known for imposing major cost-cutting measures, didn't invest enough in the brands, marketing, and new product development to meet the needs of and engage modern consumers. Regardless, the company has significant debt, and its financial performance has struggled. While Berkshire has stuck with the stock, its patience has clearly started to fade. In May, the conglomerate relinquished its two seats on the company's board of directors. At the time, Kraft Heinz had said it would evaluate strategic transactions to unlock shareholder value. Last September, the company announced it would split into two companies, one focused on brands poised for growth, such as those in emerging markets, an...
Kalshi, Polymarket Eye $20B Valuations In Potential Fundraising: WSJ Authored by Amin Haqshanas via CoinTelegraph.com, Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held preliminary discussions with potential investors about...
Kalshi, Polymarket Eye $20B Valuations In Potential Fundraising: WSJ Authored by Amin Haqshanas via CoinTelegraph.com, Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation. Kalshi currently operates in the United States and offers markets allowing users to wager on outcomes tied to sports, politics, the economy and cultural events. The company was last valued at about $11 billion in December when it raised $1 billion from investors including Paradigm and Sequoia Capital. Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi received approval from the US Commodity Futures Trading Commission in 2020 to operate as a regulated exchange for event-based markets. The platform has since expanded rapidly and recently surpassed a $1 billion revenue run rate, with some estimates placing the figure closer to $1.5 billion. Polymarket plans US launch later this year Polymarket, launched in 2020 by Shayne Coplan, remains inaccessible to US users without a virtual private network but plans to introduce a regulated domestic version of its platform later this year. The company was valued at roughly $9 billion in October after Intercontinental Exchange, the owner of the New York Stock Exchange, agreed to invest up to $2 billion . Both platforms have drawn attention from lawmakers and regulators. As Cointelegraph reported, US Democratic lawmakers are drafting legislation to regulate prediction markets after suspiciously timed bets on the timing of US and Israeli strikes on Iran raised insider-trading...