The New York Stock Exchange this week received SEC approval for a rules change that would allow companies to raise new capital as part of a direct listing.
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College student Liam Porr used the language-generating AI tool GPT-3 to produce a fake blog post that recently landed in the No. 1 spot on Hacker News, MIT Technology Review reported.
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This week's inquiry came from an owner of an eCommerce shop who needed help visualizing sales in a way that took seasonality into account (they sell a bunch of product in winter months and holidays).
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Airbnb is reportedly planning to file confidentially its paperwork to go public later this month, according to the WSJ.
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Last week we featured a snippet that Kabbage was in search of a buyer. This week we learned American Express is in advanced talks to acquire the online SMB lender in an all-cash deal that would value the company at as much as $850 million, including retention payments.
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The race to a COVID-19 vaccination is heating up, and some players are raising capital on the public markets.
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Kabbage, the fintech startup that outperformed many large lenders during the Paycheck Protection Program, is weighing a sale, two people familiar with the situation said.
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Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries.
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According to Sportico, a group that includes actor and former WWE star Dwayne “The Rock” Johnson swooped in to buy the bankrupt football league hours before it was set to go to auction. The price was $15 million, split evenly between Johnson and investment partner RedBird Capital. Dany Garcia, Johnson’s ex-wife and business partner, is also a stakeholder in the business.
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Shopify: The Canadian e-commerce platform reported a 97% annual increase in revenue in Q2, and the total amount of spending on Shopify now exceeds rival eBay.
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Yesterday, the Silicon Valley titans who spent Wednesday being virtually grilled by members of Congress reported earnings for the previous quarter.
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Research shows that strategic thinkers perform better than those who only "optimize." The good news is you can retrain your brain to think strategically with three short questions.
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Glen Taylor is seeking a buyer for the Minnesota Timberwolves, an NBA franchise that is expected to fetch well north of $1 billion.
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Vital Farms, the country's largest producer of pasture-raised eggs, set IPO terms to 7.8 million at $15–$17. At the midpoint, it would raise $125 million and have an initial market cap of $627 million.
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This week eBay announced it had reached a deal to sell off its Classifieds business unit to Adevinta, a Norway-based classified ads publisher majority owned by Norwegian publisher Schibsted. The deal is valued at $9.2 billion, which includes eBay getting $2.5 billion in cash and 540 million Adevinta shares. The deal makes eBay a 44% owner of Adevinta, with a 33.3% voting stake.
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ScaleFactor, an Austin based startup, claimed to use AI to handle small business bookkeeping and accounting for a fraction of the cost. On June 23 Kurt Rathmann (CEO) announced the startup, which raised $100M over its lifetime, was closing.
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