Warm and Humid Climate Creates Ideal Conditions for Pterosaurs to Soar 220 Million Years Ago

A recent study by paleontologists integrated data on the ancient climate of a specific region with fossil distribution information regarding Triassic eye pteraurauromorphs (pterosaurs + lagerpetids).

Foffa et al. Lagerpetids, alongside overall pterygoid morphospace, likely thrived in southwestern Pangaea (i.e. modern-day South America), indicating that pterosaurs may have originated at lower latitudes in the Northern Hemisphere. Image credit: James Kuether.

“Pterosaurs were the first vertebrates to evolve powered flight more than 60 million years ago—the oldest known birds,” stated Davide Foffa, a paleontologist from the University of Birmingham.

“Nevertheless, our comprehension of early pterosaur evolution is constrained by significant temporal and anatomical gaps separating these highly adapted flying reptiles from their closest terrestrial relatives.”

“The fossil records for pterosaurs and their related species remain incomplete, and fundamental aspects of early evolution, including timing, domains of existence, initial radiation, and the ecological context of paleontology, are not well understood compared to other contemporary groups such as dinosaurs.”

The researchers concentrated on the distribution of two closely related groups: Pterosaurs and Lagerpetids.

“Lagerpetids existed roughly 240 million years ago as a group of agile reptiles that lived in smaller land areas and among trees,” they noted.

“These small terrestrial reptiles are now recognized as the closest relatives to pterosaurs, and this study shows they endured a wider range of climatic conditions than their aerial counterparts, including the arid landscapes of ancient Pangaea.”

“This adaptability resulted in a broader distribution of this group.”

“Conversely, pterosaurs seemed to be restricted to humid environments found in limited regions of the ancient world, as evidenced by fossils discovered in modern-day Italy, Austria, and the southwestern United States.

During the late Triassic period, global climatic conditions began to change, with an increase in warm and humid environments outside the equatorial region.

This shift provided an opportunity for flying reptiles to expand across the globe, including present-day high-latitude areas such as Greenland and South America.

“While dinosaurs roamed the Earth, I find it fascinating to envision that these formidable reptiles ruled the skies during that era,” remarked Dr. Foffa.

“However, the origins of pterosaurs remain cloaked in mystery. Our research contributes new insights into this puzzle, proposing that early evolution among groups was likely influenced by shifting climates and environments during the Triassic.”

“Climate change significantly affects biodiversity, both today and throughout geological history,” stated Dr. Emma Dunn, a paleontologist at Friedrich Alexander Universitat Erlangen Nurnberg.

“Recent advancements in modeling techniques have enabled paleontologists to better understand how climate change has shaped the biodiversity of significant fossil groups like pterosaurs in just the past few years.”

“The combination of ecological models and fossil data is emphasized by Dr. Alessandro Chiarenza, paleontologist at University College London, who noted:

“Lagerpetids flourished as generalists, while pterosaurs, initially constrained to a humid tropical niche with possibly limited flight capabilities, occupied equatorial territories.”

“As the climate transformed and forest corridors emerged, their wings propelled them to every corner of the planet, ultimately allowing them to survive one of Earth’s greatest extinctions.”

“What started as a tale of lost fossils is evolving into a paradigmatic example of how paleoclimate, past climate, and evolutionary innovations intertwine, illuminating the complex history that has fascinated paleontologists for over two centuries.”

Study published in the journal Natural Ecology and Evolution.

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D. Foffa et al. Paleobiogeography of climate drivers and lagerpetids and early pterosaurs. Nat Ecol Evol published online on June 18th, 2025. doi:10.1038/s41559-025-02767-8

Source: www.sci.news

Throoples Dating App Feeld Sees Revenue Soar to £39.5m, Doubles Previous Year’s Earnings

The alternative relationship dating app has experienced global expansion and nearly doubled its revenue last year, thanks to non-monogamous, queer, and kinky users.

Founded by an entrepreneurial couple in an open relationship, Feeld is “on a mission to elevate the human sexual and relationship experience” from its registered office in Carlisle, Cumbria.

Feeld has surged in popularity due to the increasing interest in non-traditional relationship structures like polyamory. Last year marked its first time filing full accounts with Companies House.

The company’s revenue increased from £20.7 million to £39.5 million, with profits rising from £2.4 million to £5.5 million in 2023.

Most revenue comes from outside the UK, with £33 million in sales from overseas. The app is free to download globally but charges users for full services.

Founded in 2014 by Dimo Trifonov and Ana Kirova, Feeld (formerly 3nder) arose from their openness about their relationship.

Ana Kirova is CEO of Feeld, a company founded by her partner Dimo Trifonov. Photo: Field

Kirova joined the company early on when it faced legal issues with Tinder. She became CEO in 2023 and led a rebranding and tech upgrade to resolve initial glitches.

Company filings show ownership shifts since Kirova’s appointment, with Trifonov transferring shares to her. Previously, Trifonov owned the majority of shares.

Feeld’s growth involves strategic decisions rather than aggressive expansion. The company values member feedback and aims to support their personal journeys.

The company’s innovative approach has set it apart in the dating app industry, reflecting changing trends and member response.

Feeld’s growth story includes overcoming challenges, like a lawsuit from Tinder, to expand its team from eight in 2016 to nearly 50 employees.

Source: www.theguardian.com

Reddit’s stocks soar on their first day of public trading

The social media platform Reddit’s stocks, traded under the symbol RDDT.N, closed the first day of trading in New York with a 48% increase. This suggests that there is renewed investor interest in initial public offerings (IPOs) of promising yet money-losing companies.

Reddit’s shares closed at a value 48% higher than their initial offering price on the first day of trading, valuing the company at over $9 billion. The stock rose to $57.80 per share, a 70% increase, before settling at $50.44 per share by the day’s end.

The IPO price for the San Francisco-based company was $34 per share, giving it a market value of $6.4 billion. The company and its selling shareholders raised $748 million.

Reddit’s highly anticipated IPO had been in the works for over two years. An IPO filing was made secretly in December 2021 but was delayed due to market volatility. The current valuation marks a decrease from 2021 when it was valued at $10 billion in a private funding round.

Reddit’s strong market entry could yield significant gains for its largest shareholder, Advance Publications. The parent company of Condé Nast, which owns magazines like The New Yorker and Vogue, stands to profit up to $1.4 billion from the IPO. Advance purchased Reddit for $10 million just 18 months after its launch.

Reddit’s co-founder and CEO, Steve Huffman, received a compensation package totaling $193 million last year. While the site’s other co-founder, Alexis Ohanian, has been a public figure, he does not appear in the company’s filings with U.S. financial regulators.

Major shareholders of Reddit include Chinese gaming company Tencent with an 11% stake, Fidelity with 9.5%, and OpenAI CEO Sam Altman with 8.7%. Reddit was part of the first batch of startups from Y Combinator, where Mr. Altman later served as president.

Reddit’s IPO amid a tech frenzy is expected to give the company a strong market position. However, Julian Klimochko, CEO of Accelerate Financial Technologies, suggests that market performance in the coming weeks will be closely monitored.

“A poor trade by Reddit could impact the IPO market, leading many companies to pause their IPO efforts,” Klimochko stated.

Since its founding in 2005, Reddit has become a cornerstone of social media culture, known for its alien logo on an orange background and its tagline “Front Page of the Internet.”

Reddit hosts over 100,000 online forums called “subreddits” covering a wide range of topics. The platform has been used for various activities, including support groups and interviews, such as the one conducted with Barack Obama in 2012.

Despite its cult status, Reddit has not matched the success of larger rivals like Facebook and Tesla. The company has about 73 million daily unique visitors compared to Facebook’s 2 billion daily logins.

Reddit allocated 8% of its IPO shares to eligible users, moderators, board members, and acquaintances of employees and directors as part of its user appreciation plan. The company is in early stages of monetization and has yet to turn a yearly profit, raising questions about its path to profitability.

“The true test will be after the first earnings report. The results and strategic changes made post-IPO will be crucial,” said Leena Agarwal, director of Georgetown University’s Psaros Center for Financial Markets.

Source: www.theguardian.com

Meta’s Profits Soar as Company Shifts Focus to AI and Announces Dividends to Investors

Meta stock soared 15% in after-hours trading. The company’s strong fourth quarter results came a day after CEO Mark Zuckerberg was assaulted during a controversial Congressional hearing.

The company also announced that it would pay investors a dividend of 50 cents per share for the first time and authorized a $50 billion stock repurchase program.

Overall, Meta reported fourth-quarter revenue of $40.1 billion, beating expectations of $39.18 billion and increasing 25% year-over-year. The report comes as Meta, like many major technology companies, seeks to integrate artificial intelligence tools into its core products. In a statement accompanying the report, Zuckerberg said Meta was “a significant step forward in our vision of evolving AI and the Metaverse.”

“We anticipate that our ambitious long-term AI research and product development efforts will require increased infrastructure investment beyond this year,” the company’s press release said.


During last quarter’s earnings call, Zuckerberg touted Meta’s plans to invest in AI, saying it would be the company’s biggest investment area in 2024. Zuckerberg said in a video he shared on Instagram in early January that his company would acquire $9 billion worth of AI. Nvidia chips help scale up AI

Zuckerberg said AI will not only enhance ad campaigns and increase ad revenue, but AI will also be used to support new meta-products such as AI chatbots. Advertising revenue, the company’s core business, was $38.7 billion, compared with $31.25 billion in the same period last year. His Meta hardware products, such as the Quest 3 VR headset, still don’t account for a large percentage of the company’s revenue. Zuckerberg said on a conference call Thursday that he expects Meta to begin rolling out its AI services more broadly in the coming months.

Meta has laid off more than 20,000 employees in 2023 as it focuses on cost-cutting measures as part of what Zuckerberg has dubbed the “Year of Efficiency.” These efforts seem to have paid off, with Meta’s operating profit margin doubling from 20% in the same period of 2022 to 41%. Meanwhile, expenses decreased 8% year-on-year to $23.73 billion. Chief Financial Officer Susan Lee said on a conference call that Meta had more than 67,300 employees at the end of the fourth quarter, down 22% from a year ago, but that “hiring efforts have resumed. '', which resulted in a 2% increase from the third quarter.

Regulatory headwinds are probably top of mind for investors following Meta’s public taunts during Wednesday’s Congressional hearing. The hearing was convened to question Zuckerberg and other tech executives over the impact of their platforms on young users. The CEO expressed his condolences to the parents in the crowd who lost their children to online exploitation.

Throughout the hearing, lawmakers touted a bill that could strip Meta and other platforms of legal immunity for content posted on them, a move that would make Meta and other platforms illegal in 41 states over its impact on young users. It was enacted several months after a major lawsuit was filed by the attorney general. New Mexico’s attorney general also accused the company of failing to prevent child sexual exploitation and human trafficking.

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As a result of regulatory concerns, Meta has sought to diversify its core business, which has so far relied on advertising, which collects vast amounts of user data. Reality Labs, the division responsible for developing virtual reality products, faced a loss of $4.65 billion in the fourth quarter, up from $4.28 billion in the same period last year, bringing its total loss for 2023 to $16.1 billion. It reached $20 million. Meta said in a press release that it expects operating losses to “increase significantly year-over-year” as Reality Labs continues to expand its ecosystem.

In addition to regulatory concerns, Meta sees its platform’s user base tightening as young users in particular migrate to new platforms such as TikTok. The company said its platform is experiencing faster growth outside the United States. Insider information Principal Analyst Jasmine Enberg.

“On the usage side, Facebook continued to see a squeeze in user growth, but as expected, most of the new users came from outside of North America,” she said. “In the U.S., popularity among teenagers has become a liability in the eyes of lawmakers, which could hinder Facebook and Instagram’s efforts to grow in the country.”

Source: www.theguardian.com