TechMeme
Sources: Polymarket will raise $1B led by 1789 Capital at a $21B post-money valuation; Donald Trump Jr. is a partner at 1789 and adviser to Polymarket (Amanda L. Gordon/Bloomberg)
Polymarket will receive $1 billion in a financing round led by 1789 Capital, valuing the prediction-market platform at $21 billion post-money; Donald Trump Jr. is a partner at 1789 and an adviser to Polymarket. Tim Cook transitioned Apple’s CEO role to John Ternus, staying on as executive chair after growing Apple’s market cap from under $350 billion in 2011 to $4.6 trillion and FY 2026 revenue to about $477 billion. The U.S. FTC and 22 state attorneys general sued Amazon, alleging more than $20 billion in hidden advertiser surcharges since 2019 that were passed to consumers.