CoreWeave CEO defends spending plans as stock plummets 22%

Coreweave CEO Mike Intrator backed up the company’s massive spending plans during an interview with CNBC’s “Squawk on the Street” on Friday as shares dropped post-earnings on profitability worries. Intrator told CNBC that Coreweave has willingly chosen to invest in more infrastructure and take a margin hit to meet the “once in a generation moment”…

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DJT Trump Media in talks to spin off Truth Social

Kevin Dietsch | Getty Images Trump Media & Technology Group said Friday that it was exploring a spin-off of Truth Social, the social media platform of choice for President Donald Trump. Truth Social could become a separate, publicly traded company following the forthcoming closing of its merger with fusion power firm TAE Technologies, according to…

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