Nvidia Added $272 Billion in Market Value Thursday, the Largest One-Day Gain Ever (3 minute read)
Nvidia recorded the largest-ever single-day jump in market value a day after it announced its quarterly earnings and a sales outlook that exceeded analysts' expectations. The company's value rose 16.4%, adding $272 billion to its market cap. Its market cap now stands at $1.94 trillion. The previous record was set by Meta just two weeks ago - Meta added $205 billion to its market cap after it beat earnings forecasts and announced its first dividend.
|
Reddit files to list IPO on NYSE under the ticker RDDT (4 minute read)
Reddit has filed an IPO with the SEC after a yearslong run-up. The social media site plans to trade on the New York Stock Exchange under the ticker symbol RDDT. This will be the first major tech IPO of the year and the first social media IPO since Pinterest went public in 2019. Reddit had $804 million in annual sales in 2023, up 20% from the previous year. Its core business is reliant on online advertising sales from its website and mobile app. Reddit moderators will be allowed to participate in the IPO through the company's directed share program.
|
|
Science & Futuristic Technology
|
Varda Space, Rocket Lab nail first-of-its-kind spacecraft landing in Utah (3 minute read)
Varda Space Industries' in-space drug manufacturing capsule has finally returned to Earth after more than eight months in space. The capsule landed in the Utah desert, marking the successful conclusion of Varda's first experimental mission to grow pharmaceuticals in orbit. This was the first time a commercial company landed a spacecraft on US soil. The mission launched in June last year and was supposed to just be a month long, but it was extended due to issues obtaining a commercial reentry license.
|
Test flights on tap for Space Perspective’s luxury high-altitude balloon (5 minute read)
Space Perspective could begin test flights of its luxury high-altitude balloon within the next couple of months. The company plans to fly its pressurized capsule unmanned over the Atlantic Ocean off the coast of Cape Canaveral using a giant high-altitude balloon. Space Perspective plans to start building its second capsule for human test flights during the test program. The company's aim is to eventually offer regular commercial flights carrying paying customers to 100,000 feet, above 99% of the Earth's atmosphere, where the sky will be black.
|
|
Programming, Design & Data Science
|
Pages CMS (GitHub Repo)
Pages CMS is an open-source content management system built for static websites. It allows developers to edit website content directly on GitHub via a user-friendly interface. Pages CMS is intended to be deployed with Cloudflare Pages using Cloudflare Workers for the serverless code.
|
|
The mobile S-curve ends, and the AI S-curve begins (12 minute read)
S-curve products are fueled by novelty. This is why there is a rush of new users without much marketing effort whenever there are major tech releases. There is both high growth and high churn in the early stages of an S-curve. The skills needed to succeed in a late S-curve market are very different. Investors will be looking for products that are radically different. A good design can help differentiate late S-curve products.
|
Bluesky opens up federation, letting anyone run their own server (4 minute read)
Bluesky, a federated social network that began as a project funded by Twitter under Jack Dorsey, is now allowing anyone to run their own server. Its decentralized model uses a different protocol than the one that Mastodon uses. Federation allows users to host their own data and accounts and make their own rules. There is a growing interest in federated social networks as consumers want to have more control over their personal data.
|
|
Want the best of TLDR? 🏆
Refer a friend to TLDR using the referral link below, and we will send you the TLDR Hall of Fame, our 50 best stories of all time!
Your Referral Link -
https://tldr.tech/tech?ref=2775316
|
We help cutting edge companies hire world class technical talent through our job listings. If you're hiring software engineers, AI/ML engineers, product managers, designers or other tech talent, click here to learn more.
|
If your company is interested in reaching an audience of tech executives, decision-makers and engineers, you may want to advertise with us.
If you have any comments or feedback, just respond to this email!
Thanks for reading,
Dan Ni and Stephen Flanders
|
|
|
|