The same could be said for many companies in the last three decades. Sometimes investors are right, sometimes they are wrong. Cloudflare is a good example, and they weren't even going to space. It's less about current earnings and more about whether they become key infrastructure for a new market.
The company was started in January 2024, so the seed financing is likely a roll-up of two years of fundraising. $7m for ~30 months of running an AI startup in NYC is not that unusual.
Really intrigued to see what Apple's design chops brings to this form factor. I'd love more screen real estate so I can travel without a damn laptop. The big question is how thick will it be?
I've read that New Zealand study and it's identifying an effect in a small group of heavy users who started using cannabis very young (a full third as teens) and continue to use it heavily (four times a week) three decades later. That's not a huge surprise.
They also state "cognitive functioning among midlife recreational cannabis users was similar to representative cohort norms". It's clearly shown in Figure 1 - midlife recreational cannabis users actually got smarter than people who quit cannabis according to their data.
There may well be some confounding factor in there. The study was done in New Zealand where cannabis was illegal for the majority of participants, and usage was self-reported so there's a basic issue there as well. One of the meta-analysis citing this (Crisafulli, 2026) and finding no effect criticizes the study design.
Maybe they could fix their moderation and appeal process before adding a half-baked feature like this which is certain to cause more issues requiring moderation?
Media companies spend untold millions on new content, and yet the acting and writing on a comparatively obscure and low budget British TV series still occupy a place in my psyche many decades later.
That was over 20 years ago? And there were half a dozen Qwest executives who were profiting from insider trading on inflated revenues that started in 1999, long before the NSA incident in 2001. I remember it clearly because I had the misfortune of being a shareholder in that dog.