Latest news with #platform

X back up after brief outage hits US users, Downdetector shows

CNA

8 hours ago

X back up after brief outage hits US users, Downdetector shows

Social media platform X recovered after a brief outage affected thousands of U.S. users on Wednesday, according to outage tracking website The disruptions eased around 10:20 a.m. ET, Downdetector showed. The website tracks outages by collating status reports from a number of sources. There were more than 15,000 incidents of people reporting issues with the Elon Musk-owned platform around 9:52 a.m. ET. Since Downdetector's numbers are based on user-submitted reports, the actual number of affected users may vary.

Bloomberg

a day ago

Business
Bloomberg

Figma Files for US IPO

00:00 It could be. I mean, there's a lot of interest right now in software companies that are managing to continue growing at this kind of ridiculously rapid pace. This north of 40% that Figma is doing. So there's a lot of enthusiasm for Figma. The big question for them is they have a core product of designing applications for computers, for phones, designing them. Can they expand into workplace apps? Can they expand into other creative tools? That's what's going to determine whether they're a a zoom. They make one thing well or whether they're a true platform company. That's a good question. Of course, Adobe, its former suitor, has moved on to really play in the AI you know, playground here to stigma have that same opportunity. All these software companies want to tell an AI story for Figma. It's that we're going to make designers more capable with A.I.. They also disclose a risk in their filings that if I get so good, there might be less designers in the economy because you don't need to hire as many of them. And we're selling software per user and that could be bad for us. So that's the kind of eternal question for these vendors right now. I am curious about the health of the company's finances. We just laid out the revenue and of course the loss per share last year that we point out for the most recent quarter. The first quarter they did actually have net income. And when you look at the income statement and the balance sheet that they disclosed in the S-1, what is it telling you? It's telling us that, yeah, they're still a high growth software company. There's been this trend of software companies kind of staying private as long as they can, almost until they're turning a profit and Databricks comes to mind. They are IPO going a little sooner and they call out in their report that A.I. is going to weigh on their efficiency, on their profit for a little while. Is that an excuse? Is that the button you press when your profits are low? It could be, but they got a lot of cash on the balance sheet. They got $1,000,000,000 and, you know, 60 million of that is in Bitcoin. And so they have they have a lot of Bitcoin on the balance sheet. CEO Dylan Field, well known as a Bitcoin guy. So you know, they are putting their money where their mouth is wonderful or they see how it pays off for a company like strategy. So when would bitcoin on and your financial statements. Right right. Ready for it. Thank you so Bloomberg's for Brody Ford.