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January 19, 2022

SoftBank Group Corp

WeWork discloses ‘material weakness’ and plans to restate financials of SPAC sponsor, sending stock lower

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CNBC – For more and to sign up click here Marcelo Claure, Chairman of WeWork, Inc., speaks during an interview at WeWork’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. Brendan McDermid | Reuters Just over a month after......

Softbank fall steepens after report that Chinese regulators have asked Didi to delist from U.S.

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CNBC – For more and to sign up click here A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. Florence Lo | Reuters GUANGZHOU, China — Shares......

WeWork shows more losses in its first quarterly report as a public company

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CNBC – For more and to sign up click here The New York Stock Exchange welcomes WeWork, Inc. (NYSE: WE), today, Thursday, October 21, 2021, in celebration of its listing. To honor the occasion, Sandeep Mathrani, CEO, and Marcelo Claure, Chairman, joined by NYSE President Stacey Cunningham, ring The Opening......

More catalogs, TV and celebrity pitches: Retailers rethink holiday ads amid digital marketing upheaval

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CNBC – For more and to sign up click here Denis Charlet | AFP | Getty Images It’s not just raw materials, transportation and labor expenses that are rising. Retailers are also facing climbing digital ad costs. The challenge is: Will it be worth the extra money? Last year —......

Ant Group-backed Paytm says it’s ‘more than well-capitalized’ after raising its IPO size

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CNBC – For more and to sign up click here Indian digital payments start-up Paytm says it has sufficient capital after raising the size of its initial public offering. “We don’t see any reason for us to raise more money, especially in primary capital, unless there is an extraordinary event,”......

Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

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CNBC – For more and to sign up click here At Inspire Brands’ Innovation Center in Atlanta, the Flippy robot is taking on a new challenge. The automated worker, made by Miso Robotics, first came onto the scene as a burger solution. Now, it’s frying wings for the first time.......

What it’s like inside the Navy’s Littoral Combat Ship: CNBC After Hours

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CNBC – For more and to sign up click here CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC.com’s Brad Howard takes a tour of a U.S. Navy Littoral Combat Ship, as older LCS ships are decommissioned. Plus, WeWork goes public via SPAC. Inside......

Discord CEO on social audio app’s next big spends after recent $500 million funding

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CNBC – For more and to sign up click here Gaming platform Discord said Wednesday it has raised $500 million in a new funding round led by Dragoneer Investment Group. Discord, which allows public and private groups to gather and chat by text, audio and video via its social platform, is......

Sport-focused NFT start-ups raise over $900 million in crypto gold rush

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CNBC – For more and to sign up click here LeBron James #23 of the Los Angeles Lakers drives to the basket against the Phoenix Suns during the 2021 NBA Playoffs on June 3, 2021. Adam Pantozzi | National Basketball Association | Getty Images Two start-ups in the red-hot NFT......

Revolut, the $33 billion fintech player, is rolling out commission-free stock trading in the U.S.

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CNBC – For more and to sign up click here Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the......

SoftBank says new Latin America fund has at least $3 billion to invest in regional start-ups

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CNBC – For more and to sign up click here WeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020. David A. Grogan | CNBC SoftBank Group is committing $3 billion to kickstart a second fund focused......

Google reportedly plans to put its own chips in Chromebook laptops from 2023

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CNBC – For more and to sign up click here Sundar Pichai, senior vice president for Chrome at Google Inc., holds up a new Chromebook Pixel as he speaks during a launch event in San Francisco, California, U.S., on Thursday, Feb. 21, 2013. Google Inc., owner of the world’s most......

Chinese A.I. firm SenseTime files for Hong Kong IPO despite tech crackdown and U.S. blacklist

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CNBC – For more and to sign up click here SenseTime, a Chinese artificial intelligence company, has filed to go public in Hong Kong. The move comes as China continues to tighten regulation on the country’s technology giants. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images GUANGZHOU, China......

How this 32-year-old couple is redressing the multibillion-dollar fashion rental industry

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CNBC – For more and to sign up click here When husband and wife Chris Halim and Raena Lim saw an opportunity to redress sustainability issues in the fashion industry, they wanted to do so in style.   And the duo behind clothes rental app Style Theory certainly don’t do things......

A UK grocery start-up founded just 8 months ago has already been snapped up by a bigger U.S. rival

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CNBC – For more and to sign up click here LONDON — American grocery delivery start-up Gopuff on Thursday agreed to buy Dija, a British competitor founded just eight months ago. Gopuff said the move would help it expand into Europe, by establishing a larger presence in the U.K. and......

Wendy’s to open 700 ghost kitchens by 2025 with start-up Reef

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CNBC – For more and to sign up click here Customers dine at Wendy’s outdoor seating near Union Square in New York City. Alexi Rosenfeld | Getty Images Entertainment | Getty Images Wendy’s announced Wednesday it will open 700 ghost kitchens across the United States, United Kingdom and Canada by......

Sports merchandise company Fanatics now valued at $18 billion with new investors including hip-hop mogul Jay-Z

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CNBC – For more and to sign up click here Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia. Mike Coppola | Getty Images Sports merchandise company Fanatics secured a $325 million raise on Monday to......

SoftBank unit behind risky multibillion-dollar tech bets dumps Microsoft, Facebook, Alphabet and Netflix shares

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CNBC – For more and to sign up click here Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank has offloaded shares of U.S. tech giants like......

U.S. stock futures little changed after Dow, S&P 500 fall from their highs

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were little changed on Monday night after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading amid concerns about......

Why millennials and gen-Zs are jumping on the buy now, pay later trend

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CNBC – For more and to sign up click here All 21-year-old Taylor Emmi wanted was a cosmetic kit from makeup artist and social media star Jeffree Star after watching a video about the brand on YouTube in October 2019. So she took the $144 leap, and nearly two years......

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