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California’s $950M Billionaire Tax Sparks Tech Exodus: $200B Capital Flight Risk as Page, Ellison Sell Assets and 45 LLCs Flee

California’s $950M Billionaire Tax Sparks Tech Exodus: $200B Capital Flight Risk as Page, Ellison Sell Assets and 45 LLCs Flee

California’s 5% billionaire wealth tax could raise $950M—but risks $200B tech capital flight. $73M in real estate sold by Page. 45 LLCs relocated. 5K–10K jobs at risk. Ballot deadline: Jun 24, 2026. #WealthTax #TechExodus #California #BillionaireTax #EconomicPolicy California’s proposed 5% wealth tax on residents with net

Apple Creator Studio Bundles Pro Apps at $12.99/mo, Intel Stock +28% YTD on Govt Boost, Vanguard ETFs Dominate Retiree Inflows

Apple Creator Studio Bundles Pro Apps at $12.99/mo, Intel Stock +28% YTD on Govt Boost, Vanguard ETFs Dominate Retiree Inflows

TL;DR * Apple Creator Studio subscription launches at $12.99/month, bundling Final Cut Pro, Logic Pro, and Pixelmator Pro for creators with education tier at $2.99/month * Intel stock jumps 28% YTD after KeyBanc upgrades to Overweight with $60 price target, fueled by $8.5B U.S. government

Meta Shuts VR Studios; Unity Lays Off 280+ Staff; DHS Struggles with Fragmented Cyber Hiring Amid Pay Gaps

Meta Shuts VR Studios; Unity Lays Off 280+ Staff; DHS Struggles with Fragmented Cyber Hiring Amid Pay Gaps

TL;DR * Meta shuts down three VR game studios—Armature, Twisted Pixel, Sanzaru—as part of $70B+ Reality Labs losses and strategic pivot toward AI wearables and phone features * Unity lays off Larry Hryb (ex-Microsoft Major Nelson) and over 280 employees after backlash over runtime fees, signaling industry-wide developer trust

Crypto Momentum Builds: US Senate Advances BRCA, BlackRock Embraces RLUSD, BTC Whales Push Toward $100K

Crypto Momentum Builds: US Senate Advances BRCA, BlackRock Embraces RLUSD, BTC Whales Push Toward $100K

TL;DR * US Senate advances Blockchain Regulatory Certainty Act (BRCA) to protect crypto developers from money transmitter charges * BlackRock Uses Ripple’s RLUSD Stablecoin as Collateral, Signaling Institutional Adoption of Regulated Digital Assets * Kraken SPAC KrakAcquisition Files S-1 for $250M IPO Targeting Crypto Infrastructure, Backed by Tribe Capital and Natural

Alphabet Surpasses Apple in Market Cap as Google Cloud and Gemini AI Drive $4.1T Valuation; Estée Lauder Upgraded on Asia Growth; Torq Ltd. Raises $140M in Series C

Alphabet Surpasses Apple in Market Cap as Google Cloud and Gemini AI Drive $4.1T Valuation; Estée Lauder Upgraded on Asia Growth; Torq Ltd. Raises $140M in Series C

TL;DR * Alphabet’s market cap surpasses $3.97 trillion as Google Cloud grows 33–34% YoY and Gemini AI drives re-rating amid rising AI infrastructure demand * Torq Ltd. raises $140M in Series C funding at $1.2B valuation, expanding AI-driven security hyperautomation platform with enterprise clients including PepsiCo and

Snowflake Acquires Observe AI for $1B in AI Infrastructure Push as Tamil Nadu Launches ₹100 Cr Deep-Tech Seed Fund

Snowflake Acquires Observe AI for $1B in AI Infrastructure Push as Tamil Nadu Launches ₹100 Cr Deep-Tech Seed Fund

TL;DR * Snowflake acquires Observe AI for $1 billion to integrate AI-powered SRE observability into its cloud data platform, enhancing enterprise troubleshooting capabilities * Optasia raises $345 million in Johannesburg Stock Exchange IPO, marking Africa’s largest fintech listing and boosting 2025 startup funding forecast to $3 billion * Optimism Foundation proposes

Anthropic Hits $350B Valuation Amid $30B Nvidia GPU Lock-In; xAI, Discord, and Babylon Surge in AI and Crypto Innovation

Anthropic Hits $350B Valuation Amid $30B Nvidia GPU Lock-In; xAI, Discord, and Babylon Surge in AI and Crypto Innovation

TL;DR * Anthropic raises $10 billion at $350 billion valuation in Series F round led by GIC and Coatue to accelerate Claude AI development and secure $30B in Nvidia-powered Azure compute capacity * MiniMax Group oversubscribes Hong Kong IPO with multiple-fold order books, targeting $1–2.5B valuation as Asia’s