Stackline released two very interesting infographics a few weeks back on the Top 100 fastest growing & declining categories in eCommerce.
Read More
Many boutique fitness clubs have taken to online live streams as a way to keep their classes and communities active and engaged during mandatory shutdowns.
Read More
Verizon agreed to buy BlueJeans, a San Jose, Calif.-based business videoconferencing platform, for just under $500 million. The two sides had been in talks since last year.
Read More
Yesterday at 10:30 am ET the $349 billion PPP bailout fund for small businesses ran out of funds. New applications aren’t being accepted by the Small Business Administration, unless and until congressional Democrats and Republicans settle their differences and pass a $250 billion expansion. The funds didn't even last two weeks.
Read More
For businesses who may be cashflow negative, whether before or after shelter-in-place rules went into affect, you're looking at making major pivots in your business.
Read More
Let's say you receive aid from one or both of these programs above, let's say you don't: either way, the next few months are all about execution. Fortunately, we have a few helpful pieces of content on exactly that.
Read More
The CARES Act also expanded the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters.
Read More
Today's the first day for small business to apply for the new Small Business Association's Payroll Protection Program. As you might expect, rolling out the largest stimulus package in the history of the US in 2 weeks is not going smoothly.
Read More
Would you pay to see your favorite athletes play their games virtually? Not quite the same effect, but it's happening.
Read More
OfferUp, a Bellevue, Wash.-based peer-to-peer marketplace for local goods, agreed to buy New York-based rival Letgoin an all-stock deal. It also raised $120 million of new funding led by Letgo majority investor OLX Group (the classifieds unit of Naspers), which will hold a 40% stake in the combined company.
Read More
Facebook is in talks to buy a 10% stake in Indian telecom operator Reliance Jio from Reliance Industries, per the FT.
Read More
Apollo Global Management has bought between 25% and 50% of a $2 billion, asset-backed loan made last week to United Airlines(Nasdaq: UAL), in order to help increase company liquidity.
Read More
The COVID-19 pandemic has crippled Italy and is ricocheting its way around the globe. But amid the fear and sickness, Italy’s country-wide quarantine has had at least one uplifting consequence: Venice’s usually dark, murky waterways have turned noticeably more clear.
Read More
Impossible Foods, a Redwood City, Calif.-based maker of plant-based protein products, raised $500 million in Series F funding led by Mirae Asset Global Investments.
Read More
The first U.S. clinical trial for a novel coronavirus vaccine began this week, based on a formulation selected by Moderna Therapeutics and the National Institute of Allergy and Infectious Diseases (NIAID).
Read More
Sequoia Capital has, for the first time in its history, parted ways with a newly funded company over a purported conflict of interest and, almost more shockingly, handed back its board seat, its information rights, its shares, and its full investment.
Read More
This week Vanity Fair published an interesting piece on hands-down the largest angel investor ever: Shaq.
Read More
Jack Dorsey will remain Twitter’s CEO as part of a deal the company reached with Elliott Management, an activist investor firm that, for the past two weeks, has been trying to push Dorsey out as part of an overhaul to Twitter’s business.
Read More
Amazon has begun shopping its cashierless checkout tech to other retailers. Called “Just Walk Out,” the technology lets you just walk out of a store without paying, or more importantly talking to, anyone.
Read More