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The economy of building technology — markets, startups, capital flows, and the operating decisions behind ambitious companies.
8,463 articles · Business
Goldman Sachs collected roughly $600 million in fees underwriting three 1MDB bond deals between 2012 and 2013. The eventual bill — $3.9 billion to Malaysia, $2.9 billion to global regulators, and a criminal guilty plea — shows how franchise-defining settlements get priced.
Inside Booking.com's Amsterdam engineering floors, a homemade experimentation framework from 2007 quietly runs tens of thousands of parallel A/B tests, turning fractions of a percent into billions in bookings.
Adyen processes payments for Uber, Spotify, eBay and Microsoft from a 17th-century Amsterdam canal house where engineers still share one long lunch table — and went public at €7 billion with fewer staff than a midsize hotel.
Norges Bank Investment Management runs the world's largest sovereign wealth fund, holds roughly 1.5% of every listed company on Earth, and processes 9,000 shareholder meetings a year with a corporate governance team you could fit around three dinner tables.
The UK's Online Safety Act gives Ofcom theoretical penalty powers larger than the GDP of small countries. The team that actually issues those fines has fewer than 50 staff — and Meta is now in the High Court trying to shrink the formula.
Norges Bank Investment Management, the arm of Norway's central bank that runs the country's Government Pension Fund Global, holds shares in companies across dozens of countries.
When Hans Wilsdorf's wife Florence died in 1944, the Bavarian-born founder of Rolex built a Geneva foundation that has owned every share of the company since 1960. Eight decades later, that grief-born structure is the reason Rolex can under-produce, never discount, and out-think every shareholder-owned competitor in luxury.
In 2016, Nathan Tinkler — Australia's youngest billionaire at his 2011 peak — entered bankruptcy owing more than A$540 million. Two years later, a rare court order under Section 153B of the Bankruptcy Act erased the proceeding from the public record entirely. Inside the mechanism almost no one uses.
When EY finally refused to sign Wirecard's 2019 accounts, two Philippine banks issued a one-sentence denial that ended Europe's biggest fintech: the €1.9 billion in escrow had never been on their books. The forensic story of how the missing cash was never missing — because it never existed.
Dan McCrum spent the better part of five years being followed, hacked, smeared as a market manipulator, and threatened with criminal prosecution by the German state — for being right.
DuckDuckGo, the privacy-focused search engine that has spent more than a decade unable to crack Google's grip on the U.S. market, just recorded a 30% surge in installs after Google unveiled its AI-first Search overhaul at I/O — six consecutive days of double-digit growth, including across a Memorial Day weekend when the company typically sees a traffic dip.
Anthropic is reportedly in talks to close a Series H round in the range of $65 billion at a post-money valuation approaching $965 billion, according to figures circulating among investors and reported by financial press.
