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More than $200 million is staked on political or government actions on Polymarket and Kalshi, raising concerns about insider trading from officials in the know.
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Music hardware and software manufacturer Native Instruments has entered into preliminary insolvency proceedings, according to a report by Create Digital Music. This is the company behind iconic software like Massive, Traktor and Kontakt and hardware like Maschine . Native Instruments also owns the brands iZotope, Brainworx and Plugin Alliance.
We don't have many specifics as to what this entails and what the future of the company will look like. We do know that an administrator has been appointed to handle restructuring and, potentially, to sell off existing assets. Native Instruments employs hundreds of people and their fates also remain uncertain.
A private equity firm called Francisco Partners owns a majority stake in the company. It also owns majority stakes in entities like GoodRX and Verifone, among others. This isn't the first time Native Instruments has been forced into major restructuring. The company experienced plenty of layoffs and uncertainty between 2019 and 2020 before being purchased by private equity.
Again, we have no idea how this will shake out. It's possible that new investors will jump on board and it goes back to business as usual. It's also possible everything will be scrapped for parts and sold to the highest bidder.
— cdmblogs (@cdmblogs)
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A new year is the perfect time to get your spending in order, and if you're not trying to build your own spreadsheet, budgeting apps are one of the best ways to do it. To save yourself some money in the process, you can pick up a year-long subscription to Monarch Money, one of Engadget's favorite budgeting apps, for just $50 if you use code NEWYEAR2026 at checkout and you're a new subscriber. That's a 50 percent discount on the service's normal $100 price.
Monarch Money makes for a capable and detailed budgeting companion. You can use the service via apps for iOS, Android, iPadOS or the web, and Monarch also offers a Chrome extension that can sync your Amazon and Target transactions and automatically categorize them. Like other budgeting apps, Monarch Money lets you connect multiple financial accounts and track your money based on where you spend it over time. Monarch offers two different approaches to tracking budgeting (flexible and category budgeting) depending on what fits your life best, and the ability to add a budget widget on your phone so you can know how you're tracking that month.
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TikTok has reached a settlement in a closely-watched lawsuit over social media addiction, narrowly avoiding a trial that's scheduled to begin jury selection Tuesday. Terms of the deal, which was reported by The New York Times, weren't disclosed.
TikTok's settlement comes about one week after Snap reached a settlement in the same case. The trial is expected to move forward in Los Angeles with Meta and YouTube as the only defendants. Mark Lanier, a lawyer for the plaintiff, said in a statement to NYT that they were "pleased" with the settlement and that it was "a good resolution." TikTok didn't immediately respond to a request for comment.
The trial stems from a 2023 lawsuit brought by a California woman known in court documents as "K.G.M." She sued Meta, Snap, TikTok and YouTube and alleged that their platforms were addictive and had harmed her as a child. The judge in the case previously ordered the companies' executives, including Mark Zuckerberg and Adam Mosseri, to testify. YouTube's top exec, Neal Mohan, is also likely to testify, according to The New York Times.
The lawsuit is the first among several high-profile cases against social media companies to go to trial this year. Meta is expected to head to court in New Mexico in early February in a case brought by the state's attorney general, who
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