r/WallStreetBets really hates the SEC’s proposal to weaken quarterly reporting
The retail trading subreddit submitted the sharpest criticism yet in response to the financial regulator’s idea of letting companies report twice per year.
Government & Policy
GM agrees to pay $12.75M in California driver privacy settlement
General Motors has reached a privacy-related settlement with a group of law enforcement agencies led by California Attorney General Rob Bonta.
Pentagon releases UFO files on new website
The initial set of files housed on the site will include those containing unidentified anomalous phenomena (UAP) videos, photos, and original source documents from across the entire U.S. government. The materials have been reviewed for security purposes, but many have “not yet been analyzed for resolution of any anomalies,” the Department’s statement read.
Airbnb co-founder taps Peter Arnell as first US chief brand architect
Arnell joins Gebbia’s National Design Studio under Trump to unify UX across 27,000 federal sites and streamline how Americans use government services.
Pentagon inks deals with Nvidia, Microsoft, and AWS to deploy AI on classified networks
The deals come as the DOD has doubled down on diversifying its exposure to AI vendors in the wake of its controversial dispute with Anthropic over usage terms of its AI models.
US Supreme Court appears split over controversial use of ‘geofence’ search warrants
The U.S. top court is expected to rule on whether to allow police to identify criminal suspects by dragnet searching the databases of tech giants.
Australia forces Big Tech firms to pay for news or face a 2.25% tax
Australia is giving Big Tech a simple choice. Pay journalists. Or pay the government.
Consumers lost $2.1 billion to social media scams in 2025, FTC reports
The agency reports that losses from social media scams have increased eightfold, and that social media scams resulted in higher losses than any other method scammers used to contact consumers.
What’s behind Europe’s efforts to ditch U.S. software in favor of sovereign tech
Governments across Europe are looking to rely less on American tech providers.
Maine’s governor vetoes data center moratorium
L.D. 307 would have imposed the country’s first statewide moratorium on new data centers — lasting, in this case, until November 1, 2027.