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BIZARRE: 55 | Mind Blowing Facts

Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down

“We are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate,” CEO Brian Armstrong said.

Fortune

The viral TikTok $1.75 bid to save Spirit Airlines is fighting the wrong villain

Spirit isn’t being scooped up by private equity, as 22-year-old Hunter Peterson behind "Let's buy Spirit" claims.

Fortune

The Met Gala raised a record $42 million as Silicon Valley picked up the tab—and as celebs protested Jeff Bezos' sponsoring of the event

The Met Gala raised a record $42 million this year, powered by Silicon Valley sponsors. Other usual regulars decided to skip because of their presence.

Fortune

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Anthropic deepens push into Wall Street with new AI agents, full Microsoft 365 integration, Moody's data partnership

"The cone is even wider than I thought," Amodei said, disclosing that Anthropic projected 10x growth only to see 80x instead.

Fortune

Google DeepMind workers in the U.K. vote to unionize over military AI contracts amid internal backlash over its Pentagon deal

London-based employees are demanding that Google walk back its Pentagon deal, but the power workers once had to kill such contracts has eroded significantly.

Fortune

Morningstar CEO: I agree with the SEC on ending quarterly reporting—with conditions

The SEC's proposed shift to semiannual reporting is right—but it will take some steps to make sure investors don't lose out.

Fortune

GameStop’s billionaire CEO is an entrepreneur without a college degree who cofounded Chewy. Now he has his sights set on buying eBay for $56 billion

Ryan Cohen was rejected by 100 investors before selling Chewy for $3.35 billion.

Fortune

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Gen Z workers think showing up 10 minutes late to work is as good as being on time

No wonder bosses say Gen Z are hard to manage: While 70% of baby boomers have zero tolerance for any level of tardiness, in Gen Z’s eyes, 10 minutes late is right on time.

Fortune

Current price of oil as of May 5, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Exclusive: Nova Intelligence raises $31.5 million to bring agentic AI to SAP’s $89 billion migration wave

A DeepMind engineer saw an opening in SAP's aging code. Investors are calling it a $40 million bet

Fortune

Kraken to let customers cash out crypto at MoneyGram locations in more than 100 countries

Once a legacy cross-border payments firm, MoneyGram has revamped itself to become more crypto-native over the past three years.

Fortune

Andreessen Horowitz’s crypto arm raises $2.2 billion for fifth venture fund, promotes CTO Lazzarin to general partner

The venture titan raised the capital despite an ongoing downturn in the crypto market.

Fortune

Solana firm Jito launches a consumer trading app months after raising $50 million

Jito has over $100 million in cash on hand, CEO Lucas Bruder told Fortune

Fortune

Exclusive: AI startup Vori raises $22 million to help grocery stores compete with Walmart and Amazon

With $500 million already processed through its platform, Vori is scaling fast as it targets underserved grocery operators.

Fortune

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84% of S&P 500 companies have beaten earnings estimates this quarter—and these two words keep coming up

Despite stronger-than-expected Q1 earnings, executives are signaling caution.

Fortune

'Did we learn nothing?' Synchrony is hybrid, the Best Company to Work For, and puzzled by the return-to-office push

Brian Doubles, Synchrony CEO since 2021, told Fortune that "it takes years to earn trust, but you can lose it in seconds."

Fortune

'Any semblance of fiscal responsibility' was abandoned two decades ago, says budget watchdog, and challenges Congress to cut deficit levels by half

A 3% benchmark would require approximately $10 trillion in deficit reduction over the next decade, if the target is reached by 2036.

Fortune

Clean energy's winning argument is the one it refuses to make

Why don't clean energy advocates talk about how it's cheaper than fossil fuels? Affordability, not morality, is the argument that can actually win.

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Fortune

Sequoia-backed Astrocade raises $56 million to let everyone build games

Astrocade, launched publicly less than a year ago, already has about five million monthly active users.

Fortune

Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company

Everything you need to know before you reach the office this morning.

Fortune

A jittery CEO crowd at Milken looks abroad for growth—and answers

Also: All the news and watercooler chat from Fortune.

Fortune

Supermicro's co-founder allegedly smuggled $2.5 billion in Nvidia-chipped servers to China—now the whole company is under the microscope

The company will report financial results on Tuesday after disclosing it has launched an internal probe that could reshape its management and future with the Department of Justice.

Fortune

An AI ‘godfather’ says CEOs hyping job loss are 'extremely destructive'—and your kids are paying the price

Former Meta AI chief Yann LeCun said repeated job apocalypse warnings are making high school students depressed.

Fortune

I watched my father run his business through the Lebanese Civil War. Here's what it taught me about leading through disruption.

The leadership lessons forged in Beirut are exactly what business leaders need as the assumptions underpinning decades of growth come apart simultaneously.

Fortune

Top U.S. oil producer declares “green” light on drilling for more oil amid Iran war

Diamondback is the largest U.S. oil producer to hike spending and drilling as a result of the Iran war thus far.

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