WeWork has decided to revise downwards its initial valuation to $20 billion. How it intends to go through with the IPO remains unknown. Investors have already indicated skittishness following potential conflicts of interests on the part of the CEO.
Volocopter announced that it has acquired funds amounting to $55 million from its latest Series C funding round to help it compete with the Uber Elevate team in the new Flying taxi service arena.
Very lucrative role of the lead underwriter to the forthcoming IPO of state-owned Saudi Arabian Oil Company slated to become the largest public offering in history, will likely fall to JP Morgan Chase & Co.
Uber recently sent out an in-app survey to some drivers that indicated the company is starting to build a “new financial product” designed to help Uber drivers “in a time of need.”
Elon Musk tweeted about Porsche’s Taycan Turbo-electric sports car appearing to poke fun at the ‘turbo’ in the name. Twitter users pointed out that the Tesla CEO has his own history of using loose definitions.
Some big names like WeWork, Peloton, Cloudflare, SmileDirect and Endeavor Group Holdings plan to raise money through the primary IPO market in September 2019.
While there is no concrete plan to make any specific crypto moves, an Apple Pay executive has just confirmed that the company is paying attention to the sector. Hopefully and at some point, Apple Pay will support cryptocurrency.
A database with personal data of hundreds of millions of Facebook users has been found online by a security researcher. Facebook has since taken it down, declaring that no accounts were breached.
Four years after Porsche showed us the original Mission E concept, the 2020 Taycan is finally here showing that there is a real alternative to the Tesla Model S that has ruled the large luxury electric sedan roost.
Apple plans to borrow in the bond market for the first time since November 2017. The proceeds will go towards share buybacks, dividends, and other general corporate purposes.
Institutions like VanEck and ICE’s Bakkt are flexing their muscles for luring institutional investors in the crypto market and trigger the next Bitcoin price rally.
The Zao app which is capable of swapping faces from video clips shot to the top of the app store shortly after it was released, pulling in millions of downloads. Now, concerns have been raised about possible use of the app for negative propaganda.
Android 10 is now rolling out to Pixel phones and it introduces dark mode, new accessibility features, battery saving features and improved notifications. However, it can’t be expected to be seen on non-Pixel phone soon.
As the trade war between the U.S. and China continues to rage, US stocks including the Dow Jones, Nasdaq and the S&P 500 are currently taking a hit affecting retail stocks with no current hope for recuperation.
California’s state Senate is set to vote on Assembly Bill 5 that, if passed, could be financially ruinous for Uber and Lyft, which stock is already experiencing hard times.