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Four phones showing Noplace profiles
C/O Noplace

Noplace launches to top of charts, but can the social-media app sustain the hype?

Text-based social app has striking similarities to Myspace

New social-media app Noplace looks a lot like if Myspace was built for iPhones instead of early 2000s clamshell iBooks. The app launched Wednesday and briefly vaulted up the App Store charts.

Noplace seems to take a page from several social networks’ playbooks. Users make a profile where they can add a pic and bio; list their interests (horror movies, “Animal Crossing”); add their age and relationship status; and post to their “wall.”

Users also have friends and a “Top 10,” similar to Myspace’s “Top 8” feature that millennials will remember for destroying friendships. Noplace was even originally named Nospace before receiving a cease-and-desist letter that prompted the slight name tweak. Plus, Noplace founder Tiffany “TZ” Zhong is every users’ first friend. (Former Myspace users: Remember Tom?)

Noplace profile v2
Bye, Myspace Tom. Hi, Noplace Tiffany "TZ" Zhong.

But Noplace isn’t trying to do it all. The app’s main feed is for text-only posting, putting it in the running to rival X alongside other microblogging upstarts including Bluesky, Mastodon, and Meta’s Threads.

The next-gen Myspace built up some momentum earlier this year when 500,000 people signed up for its pre-launch waitlist following a flurry of viral TikToks about the app. It’s backed by Reddit cofounder Alexis Ohanian’s venture fund and has raised about $19 million.

Noplace’s next challenge will be to sustain its early hype — which a flurry of new social apps over the last few years have struggled to do (looking at you, BeReal, Lapse, Peach, and many others).

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Jon Keegan

Judge blocks Pentagon’s move to blacklist Anthropic

A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk.

The ruling temporarily prevents the Defense Department from restricting the AI company’s access to federal contracts amid a dispute over its refusal to allow certain military and surveillance uses of its technology. The designation could also have shifted lucrative government work toward competitors, including OpenAI.

Earlier this month, Anthropic, the company behind Claude, sued 17 federal agencies and their heads, alleging the government exceeded its statutory authority.

tech
Rani Molla

Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders

SpaceX’s impending IPO could raise $40 billion to $80 billion and rank as the largest ever — as well as one of the most unconventional.

The Wall Street Journal reports several ways CEO Elon Musk is considering breaking with IPO norms:

  • Investors in his other companies, including Tesla, could receive preferential access to shares.

  • Individual investors may get a third or more of the allocation, far above the typical ~10% mark.

  • Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

  • Investors in his other companies, including Tesla, could receive preferential access to shares.

  • Individual investors may get a third or more of the allocation, far above the typical ~10% mark.

  • Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

tech
Rani Molla

Tesla released estimates for Q1 deliveries and they’re lower than analysts expected

Ahead of first-quarter earnings next month, Tesla released its own company-compiled Wall Street consensus estimate for deliveries: 365,645 vehicles. While that’s lower than the 382,000 FactSet consensus estimate, it represents a nearly 9% jump from Q1 2025, when Tesla sold 336,681 vehicles.

Tesla started releasing its own consensus estimates to the public — not just institutional investors — for the first time in Q4 2025. The move was seen as a way to temper investor expectations, as other estimates were too high. Last quarter, Tesla’s compilation was closer to actual numbers, which fell 16% year over year.

The market-implied odds from event contracts suggest 64% of traders think Tesla’s Q1 deliveries will be more than 350,000, 44% think it will be higher than 360,000, and just 21% have it at higher than 370,000.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.