An in-depth profile of Luke Farritor, 23-year-old IT Renfield.
'Luke's résumé didn't pass muster,' says one former government official, but obviously that doesn't matter to DOGE. Farritor is 'designated a GS-15, the highest salary rank for civilians, earning $167,603,' Bloomberg reports. He's chauffeured around in a black SUV. And he's betting that even if DOGE is a failure, he's written his ticket for life: 'To gamble like that shows you understand the theater of Silicon Valley.' DOGE-Pilled
[bloomberg.com] Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Elizabeth Lopatto
Posts from this topic will be added to your daily email digest and your homepage feed. See All AI
Posts from this topic will be added to your daily email digest and your homepage feed. See All Elon Musk
Posts from this topic will be added to your daily email digest and your homepage feed. See All Policy
Posts from this topic will be added to your daily email digest and your homepage feed. See All Politics
Posts from this topic will be added to your daily email digest and your homepage feed.
See All Tech
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Reddit stock soars as company posts fastest quarterly revenue growth in 3 years
Reddit (RDDT) stock soared nearly 11% after the bell on Thursday as the social media platform reported second quarter revenue that surpassed Wall Street's expectations. The social media's revenue grew 78% to $500 million, its fastest revenue growth in three years, according to the company. That figure was ahead of the $425 million projected by Wall Street analysts tracked by Bloomberg. Reddit reported adjusted earnings per share of $0.92, ahead of the estimated $0.72. The company reported that global daily active users hit 110.4 million in the three months ended June 30, just above the 110 million expected by analysts, according to Bloomberg consensus data. Meanwhile, US daily active users hit 50.3 billion, slightly below the 50.5 million expected. Reddit also saw traction on its AI-powered search tool, Reddit Answers, which launched in December 2024 and had 6 million weekly active users in the second quarter, a jump from 1 million in the prior period. "Reddit is one of the few platforms positioned to become a true search destination," CEO Steve Huffman wrote in a letter to investors. In the past, investors have scrutinized Reddit's daily active user growth. Reddit shares sank following its quarterly reports in February and May despite earnings and revenue beating Wall Street's expectations. Changes to the Google (GOOG) Search algorithm created volatility in traffic to the site. Google accounts for 40% to 50% of Reddit's traffic, according to JPMorgan analyst Doug Anmuth, who holds a Neutral rating on the stock. Reddit shares have partly recovered losses from earlier in the year, climbing roughly 70% from the stock's low of about $87 in early April. The stock spiked in June after the company launched new AI ad tools for marketers at the Cannes Lions Festival. Still, Reddit trades far below the highs above $220 seen in February before its fourth quarter earnings report, and shares are down nearly 10% in 2025. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
24 minutes ago
- Bloomberg
Figma Launches IPO, Apple to Post Earnings
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss the surge in Figma shares after the design software maker and some of its shareholders raised $1.2 billion in an IPO. They also spoke with Scott Hanson, Founder and Chief Technology Officer of Ambiq, on the company's IPO debut. (Source: Bloomberg)
Bloomberg
27 minutes ago
- Bloomberg
Apple Revenue Tops Estimates on Strength of iPhone, China Market
Apple Inc. reported third-quarter revenue that handily topped analysts' estimates, boosted by strong sales of the iPhone and products in China. Revenue rose 9.6% to $94 billion in the period, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple had projected a $900 million headwind from tariffs during the period, saying that revenue would grow in the low- to mid-single digits.
