News

Renatus Tactical Acquisition Corp I, a SPAC affiliated with GCAG, filed for a $175 million IPO, targeting high-growth companies in cryptocurrency, blockchain, and data security sectors. The SPAC, led by Devin Nunes and Eric Swider, will leverage GCAG's expertise to identify promising acquisition targets.

Getty Images Holdings, Inc. (GETY) surpassed analyst expectations in its fourth-quarter earnings report, with earnings per share of six cents exceeding the four-cent estimate and revenue of $247.3 million exceeding the $246.31 million estimate. The company also reported a year-over-year increase in revenue and a significant portion of revenue coming from annual subscriptions.

Meta Platforms Inc. faced renewed scrutiny over its global expansion efforts after former executive Sarah Wynn-Williams alleged the company attempted to break into the Chinese market with a censorship tool and engaged in controversial lobbying tactics in India. Meta denied the claims, stating they did not pursue the proposed censorship tool and that the allegations are outdated.

High Tide Inc. reported a strong first quarter with revenue of 142.46 million Canadian dollars, an 11% year-over-year increase, driven by growth in its core Canadian brick-and-mortar business and membership programs. The company expects to be free cash flow positive for the remainder of the fiscal year and plans to add between 20 and 30 new Canna Cabana locations in 2025.

YouTuber Mark Rober's video comparing Tesla's Autopilot with Luminar's lidar technology sparked controversy for misleadingly testing an older driver-assistance system instead of the latest FSD. Despite the misleading nature of the test, the results showcased the superior performance of lidar in object detection and collision avoidance, highlighting the growing interest in this technology for autonomous driving.