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Luminar, a Florida-based startup that makes LIDAR sensors and other components essential for autonomous driving technology, is the latest transportation company to go public via a “reverse merger” with a special acquisition company, or SPAC.
Work management platform Asana has filed for a direct listing on the NYSE. Meanwhile, the company’s FY20 revenue was $142.6M, up to 86% Y/Y. The net loss was $118.6M, up from the prior year’s $50.9M.
In the United States, a client of the Bank of America was mistakenly credited with $2.45 billion only a few days after Citigroup made headlines for accidentally sending $900 million to a group of lenders.
Popular video calling software Zoom appears to have been suffering connectivity issues today across the U.S. and Europe. The company confirmed that meetings and video webinars are facing partial outages.
Berkshire Hathaway’s cashing up in an environment which in the past has seen it invest heavily counter-cyclically – some of Buffett’s biggest and most profitable plays have been during times of crisis – and its foray into a gold stock underscores his risk-aversion.
Walmart’s e-commerce sales in the U.S. shot up by 97%. The retailer’s U.S. same-store sales grew by 9.3% in the second quarter, fueled by purchases of food and general merchandise.
Tencent just added another portfolio member to its expanding global gaming empire. Voodoo, the French company behind a slew of popular casual games, announced on Monday that Tencent has become a minority shareholder in its business valued at $1.4 billion.
Chiliz.web and Socios.com, a serious trade tandem specializing in blockchain-based fan tokens, are rolling out their Visa debit card. The Socios.com Visa debit card permits world followers to “be greater than a fan”.
Uber reported Q2 results including revenue that managed to beat analysts’ expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year. Uber stock is down after hours.
The U.S. government has reached a deal with Johnson & Johnson to secure 100 million doses of its experimental coronavirus vaccine. JNJ stock is up.