‘Let it be their undoing’: Instagram Plus is rolling out globally, and users aren’t happy about the idea of paying for an app that’s always been free

SpaceX plans to price its IPO at $135 per share next week, targeting a total valuation of about $1.77 trillion, according to its updated IPO prospectus. The filing values Elon Musk’s SpaceX stake at $866.5 billion and says he will retain voting control above 82%. SpaceX reported $18.67 billion in revenue last year.

SpaceX is scheduled to begin trading next Friday after an initial public offering that the article says would raise $75 billion and value the company at $1.77 trillion, placing it among the largest U.S. public firms. The report also notes index weighting changes (3x multiplier) that could amplify post-IPO moves. It adds that upcoming CPI/PPI data may affect rate expectations.

Meta shares fell after the company reported strong earnings, according to the article. It notes rising AI spending and investor questions about returns, while saying Meta’s advertising business remains strong. The piece attributes improvements to AI in targeting, engagement, ad impressions, and ad pricing.

Bill Ackman of Pershing Square said on the All-In Podcast that mega-cap stocks are being undervalued like Berkshire Hathaway was during the dot-com peak. He cited holdings in Microsoft, Meta and Amazon, noting Microsoft’s AI revenue run rate exceeded $37 billion (up 123% YoY) and Meta’s Q1 revenue rose 33.1%. He warned niche software charging about $30,000/year faces AI replication risk.

Massachusetts House lawmakers unanimously approved a consumer data privacy bill aimed at limiting companies’ data collection, tightening protections for minors, and banning the sale of sensitive data, including precise geolocation within 1,750 feet. The Senate passed its version unanimously last year. Enforcement differs, with the House bill adding a “private right of action” for consumers against large firms. Lawmakers must reconcile versions before sending to Gov. Maura Healey.

Alexandr Wang, 28, became Meta’s first Chief AI Officer and is leading Meta Superintelligence Labs, according to the article. Speaking at the Bloomberg Tech conference, he indicated Meta may prioritize practical AI use cases, especially healthcare and wellbeing, rather than competing only on general-purpose benchmarks. The piece says Meta invested $14.3 billion in Scale AI for a 49% stake in June 2025.