Shares of Peloton Interactive Inc, the fitness startup known for on-demand workout programs on its exercise bikes, slid as much as 7% in their market debut on Thursday, indicating that investors are becoming increasingly skeptical of money-losing startups. The New York-based company’s shares opened at $27.00, down from its initial public offering price of $29.00 that raised about $1.16 billion at a valuation of $8.1 billion.
The Trump administration told Congress it intends to dramatically cut the number of refugees it will admit in the next fiscal year, only up to 18,000 refugees, according to the State Department — marking a historic low and threatening to further erode the nation’s refugee resettlement program. In the last few years of the Obama presidency, the administration moved toward increasingly high caps, up to 110,000 in fiscal year 2017 amid the Syrian crisis.
The United States has concluded that the government of Bashar al-Assad used chlorine as a chemical weapon in May, marking the first confirmed violation of the ban on chemical weapons since Donald Trump authorized airstrikes in 2018 over Syria’s use of poison gas. The Trump administration has twice bombed Syria over Assad’s suspected use of chemical weapons, in April 2017 and April 2018.
Australians scrolling Facebook today will find something missing: the number of times the “like” button has been tapped on a post. The social media company will hide the statistic here as part of a new test aimed at improving how users feel when they use the platform. It’s a significant shakeup for the social media giant, which made the “thumbs up” button a globally recognized symbol of online approval and popularity.
Senior White House officials tried to “lock down” all details of a phone call between Donald Trump and the Ukrainian president, according to a whistleblower complaint against the US president. In the call, Mr Trump pushed Volodymyr Zelensky to investigate his leading domestic political rival, Joe Biden. The newly released complaint says the call transcript was not stored in the usual computer system.