Ecuador's biggest drug lord ‘Fito' pleads not guilty in US
The leader of the Los Choneros gang denied seven charges, including drug trafficking and arms trafficking,
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Figma's Billion-Dollar Payday: Dylan Field's Elon-Style Deal Could Mint Tech's Next Mega Fortune
Figma is about to test the public marketsand investor appetite is already off the charts. The design software company's IPO has reportedly drawn demand nearly 40 times greater than the shares on offer. At the low end of its pricing range$30 per shareco-founder Dylan Field's 11% stake could be worth $1.6 billion. He also controls voting rights over another 27 million shares tied to co-founder Evan Wallace. But Field's potential upside doesn't stop there. His new 2025 compensation plan mimics the structure of Elon Musk's headline-grabbing Tesla (NASDAQ:TSLA) package, and it could unlock an additional $1.9 billionif certain ambitious targets are met. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The package includes 14.5 million performance-based shares split into seven tranches. The first kicks in once Figma's 60-day average share price exceeds $60, with the full payout arriving only if shares reach $130. The vesting, however, is staggered across seven years. Field also received a separate 14.5 million shares under a more conventional time-based structure that ramps up over five years. This kind of moon-shot structure has gained popularity in Silicon Valley as a way to link extraordinary compensation with equally extraordinary outcomes. Similar plans have been adopted by CEOs at DoorDash (NASDAQ:DASH), Broadcom (NASDAQ:AVGO), and Axonwhere founder Rick Smith hit every milestone in five years and built a $2.5 billion fortune in the process. That said, Field is already on track for a meaningful payday. A 2021 award granted him 22.5 million shares, and he's expected to vest the remaining 7.9 million service-based shares at the IPO, valued at over $230 million before taxes. A further 11.25 million market-based shares could come into play if Figma hits valuation thresholds of $15 billion, $20 billion, and $25 billion. Bloomberg Intelligence estimates Figma's post-IPO valuation could fall between $19.1 billion and $23.2 billion, depending on revenue momentum. The company recently raised prices and, if post-IPO growth accelerates, it could be generating $1.6 billion in revenue by 2026. That would put Field's net worth back in the $2 billion range he nearly reached when Adobe's $20 billion acquisition was still on the table. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
16 minutes ago
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Wycombe bring in goalkeeper Moore
Wycombe Wanderers have signed former Morecambe goalkeeper Stuart Moore. The 30-year-old, who left Morecambe when his contract ended earlier this summer, began his career at Reading and also has had spells at Peterborough, Luton, Swindon and MK Dons. He was part of the Blackpool squad which won the League Two play-off final in 2021. Wycombe head coach Mike Dodds told the club's website, "Stuart's a great person to bring into the club to work with our other first-team goalkeepers and make sure we've got the right depth in that department for the season ahead." He continued, "He's picked up really good experience at various clubs and we're pleased he's agreed to join us and be part of what we're building here." Moore is the Chairboys' 10th signing of the summer and will compete for the number one spot with Mikki van Sass and Will Norris. Wycombe will begin their League One campaign at Bradford City on Saturday (15:00 BST). Transfers - July 2025 Wycombe sign Brighton midfielder Mullins
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Airlines battle to recover operations after air traffic control glitch
Airlines are attempting to recover their flight operations after an air traffic control (ATC) fault caused major disruption on Wednesday afternoon. ATC provider Nats said its engineers have 'restored the system that was affected' and it is 'in the process of resuming normal operations'. The technical glitch affected flights across the UK as the number of aircraft which could fly in England and Wales was restricted, the company said. It has left many aircraft and flight crew out of position. While the issue was ongoing, British Airways said the problem was 'affecting the vast majority of our flights', while Birmingham airport said 'departing flights from many UK airports have been suspended'. Several flights scheduled to arrive at UK airports were forced to conduct holding patterns or divert elsewhere. Nats said the 'technical issue' was at its control centre in Swanwick, Hampshire. Transport Secretary Heidi Alexander said: 'I am aware of a technical issue which impacted Nats' operations causing travel disruption this afternoon. 'I have been informed systems have now been restored but continued disruption is expected, and passengers should check with individual airports for advice.' More than 700,000 passengers suffered disruption when flights were grounded at UK airports on August 28 2023 when Nats suffered a technical glitch while processing a flight plan.
