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Investors

All articles tagged with #investors

business3 hours ago•4 min saved

LIV Golf Cuts Staff While Pursuing Investor Lifeline

LIV Golf plans to lay off most of its staff next week after the Public Investment Fund signaled it would end funding after this season, pushing the league to seek new investors; a BC Partners term sheet suggests a possible path forward, but executives warn bankruptcy or drastic restructuring may be needed as funding dwindles. Most employees will leave by Sept. 1, with a small group remaining during a transition to ‘LIV 2.0’ as the league pursues a lean 2027 10-event schedule with player equity. The upheaval follows vendor lawsuits, threats from the DP World Tour over fines, and uncertainty over PGA Tour recourse for LIV players.

via The New York Times|

#business #investors #layoffs

business5 hours ago•3 min saved

Unrivaled valuation soars to $650M after sold-out tour

Unrivaled, the 3-on-3 women’s basketball league co-founded by Breanna Stewart and Napheesa Collier, raised new funding to reach a $650 million valuation after a string of sold-out tour stops; backers include high-profile investors and the league’s player equity pool now approaches $200 million as it expands its Miami campus and braces for competition from Project B.

via New York Post|

#breanna-stewart #business #investors

artificial-intelligence14 hours ago•15 min saved

Anthropic Bets on a $30 Trillion AI Market Bigger Than the U.S. GDP

Anthropic reportedly told investors its total addressable AI market could top $30 trillion, a figure that would require capturing essentially the entire market. With the U.S. GDP around $32.4 trillion, the claim is audacious, though Reuters says Anthropic is targeting $190–$200 billion in revenue by 2028 from a $47 billion run rate, underscoring aggressive growth but not a monopoly.

via Gizmodo|

#anthropic #artificial-intelligence #investors

technology3 days ago•2 min saved

Hugging Face Eyes $13B Sale as AI Platform Valuation Surges

Hugging Face is reportedly exploring a sale that could value the company at around $13 billion, with banks evaluating bidders but no deal yet; the platform hosts AI models for developers and has backing from Lux Capital, Addition, and Salesforce Ventures, underscoring rising demand for AI infrastructure; the talks reflect growing investor premium for AI ecosystem players, in a context that also includes a cybersecurity incident where an OpenAI agent breached Hugging Face during testing.

via Business Insider|

#acquisition #ai-platform #hugging-face

sports9 days ago•1 min saved

LIV Golf Ends Season Early to Pave Next Chapter

LIV Golf cancelled its Michigan Team Championships and will close the season with Indianapolis as the finale, stating the move lets them pivot to a player-owned, sustainable league with a refreshed fan experience after Saudi Arabia withdrew financial backing and with new investors reportedly secured.

via bbc.com|

#golf #indianapolis #investors

markets9 days ago•20 min saved

SpaceX's Big Investors Surface as Millions More Shares Become Tradable

SpaceX’s ownership is finally coming into view as more than 1,500 investors disclosed SPCX stakes, led by Alphabet, Fidelity, Gigafund, Saudi PIF, Nvidia, and Harvard Management Co. The staged unlock of pre-IPO shares is expanding the float, with about 912 million shares already eligible this month and roughly 319 million more set to unlock this week, even as the stock rebounds toward around $150.

via Yahoo Finance|

#investors #markets #ownership-disclosures

business9 days ago•2 min saved

Selena Gomez Defends Against Wondermind Fraud Claims

Selena Gomez is pushing back against a Delaware federal lawsuit that accuses her, her mother Mandy Teefey and Daniella Pierson of fraud and breach of contract related to the Wondermind mental health startup; her attorney says the allegations are meritless and a motion to dismiss will be filed, while plaintiffs who invested almost $1.2 million in 2022 allege false representations about leadership, partnerships, and revenue initiatives, seeking repayment, damages and other relief; Pierson’s representative denies wrongdoing and says she invested her own funds.

via USA Today|

#breach-of-contract #business #fraud-lawsuit

business10 days ago•5 min saved

Investors allege Wondermind deception in Selena Gomez‑led mental-health startup

A federal lawsuit accuses Selena Gomez’s Wondermind and its cofounders of defrauding nearly $1.2 million by misrepresenting the company’s infrastructure, leadership, and revenue plans, including implying Gomez would lead marketing and that JPMorgan and Fidelity partnerships existed; the app allegedly never got built and key initiatives never materialized, prompting investors to seek the return of their funds or damages as Gomez and the cofounders deny wrongdoing.

via Business Insider|

#business #fraud-allegations #investors

entertainment10 days ago•15 min saved

Selena Gomez fights back: Gomez’s camp calls Wondermind suit baseless and moves to dismiss

Selena Gomez’s lawyers slammed a federal lawsuit against her and Wondermind as completely meritless and said they will seek to dismiss the claims, which also name her mother Mandy Teefey. The suit alleges Gomez signed a contract to head marketing and that promised partnerships with Fidelity and JPMorgan never existed, while investors say about $1.2 million was raised before Wondermind collapsed; background includes coverage of a 2025 The Cut exposé about Gomez distancing herself from the company, and Daniella Pierson denies wrongdoing.

via Variety|

#entertainment #investors #lawsuit

entertainment10 days ago•46 min saved

Selena Gomez Lawyer Denounces New Wondermind Fraud Claims as Meritless

Selena Gomez’s lawyer, Mathew S. Rosengart, called a new fraud lawsuit against her, Mandy Teefey, and Wondermind co-founder Daniella Pierson ‘completely meritless’ and said the defense will move to dismiss. The suit, filed by Wondermind investors, alleges misrepresentations about the startup and seeks about $1.2 million in damages; Gomez’s team and Teefey have denied the allegations. The case centers on Wondermind, Gomez’s mental-health startup launched in 2021.

via Yahoo|

#entertainment #fraud-lawsuit #investors

law-and-crime11 days ago•5 min saved

Atlanta CEO jailed for Georgia's largest Ponzi scheme

Todd Burkhalter, founder and CEO of Drive Planning in Atlanta, was sentenced to 20 years in prison for running what prosecutors call Georgia's largest Ponzi scheme, defrauding more than 2,000 investors of about $400 million from 2020 to 2024; funds financed an extravagant lifestyle, including a $2 million yacht and a $2.1 million Cabo San Lucas condo, with restitution exceeding $230 million; two other Drive Planning executives were also sentenced.

via upi.com|

#fraud #georgia #investors

business11 days ago•25 min saved

Georgia CEO’s $380M Ponzi Scheme Ends in 20-Year Prison Sentence

Todd Burkhalter, founder of Drive Planning LLC near Atlanta, was sentenced to 20 years in federal prison for orchestrating a $380 million Ponzi scheme that defrauded more than 2,000 investors to fund a lavish lifestyle (yachts, private jets, Cabo condo, luxury purchases). The scheme, active from 2020 to 2024, used fake collateral and real estate–backed investments (REAL and CORE Fund) to lure retirement funds and savings, with prosecutors calling it Georgia’s largest Ponzi case. Two of his executives received lighter sentences after pleading guilty or being convicted, including COO David Bradford (four years) and Julie Edwards (two years).

via New York Post|

#business #drive-planning-llc #georgia

business11 days ago•26 min saved

Gomez family faces fraud suit over Wondermind startup

A Delaware federal lawsuit accuses Selena Gomez, her mother Mandy Teefey, and Daniella Pierson of defrauding investors of about $1.2 million through Wondermind, a mental‑health startup launched in 2021. Plaintiffs allege the company misrepresented its infrastructure, leadership and profitability, touted Gomez as actively building the business with marketing duties and possible ad deals, and claimed partnerships with JPMorgan and Fidelity that never existed. They say the app was never built and employees and vendors were not paid, and they accuse the defendants of concealing financial and operational problems; Gomez’s team hasn’t commented, Pierson denies the allegations, and the plaintiffs seek a full jury trial.

via KTLA|

#business #fraud-allegations #investors

entertainment11 days ago•18 min saved

Gomez-Backed Wondermind Faces Investor Fraud Lawsuit

Two investor-backed entities sue Selena Gomez, her mother Mandy Teefey, and Daniella Pierson in Delaware federal court, alleging securities fraud, common-law fraud, and breach of contract for misrepresenting Wondermind’s leadership and plans, including an app and revenue initiatives that never materialized, while concealing the startup’s collapse after about $1.2 million was raised. Pierson denies the allegations and Gomez has distanced herself from the venture following a 2025 exposé.

via The Hollywood Reporter|

#daniella-pierson #entertainment #fraud-lawsuit

business12 days ago•7 min saved

Investors sue Selena Gomez over Wondermind promises and alleged fraud

Five investors suing Selena Gomez and Wondermind Global claim the founders misrepresented the platform’s progress and failed to actively build the brand, arguing promises of ad deals, celebrity cover stories, an app and other initiatives were never realized. The suit seeks about $1.2 million plus costs, accusing Gomez of signing a contract she did not fulfill and alleging the company failed to pay employees and vendors. The complaint references a September 2025 investigative piece by The Cut about Wondermind’s lack of a viable plan amid the company’s collapse.

via bbc.com|

#business #celebrity #investors