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April 15, 2021

venture capital

Deliveroo shares fall as it gives cautious guidance in first update since IPO flop

CNBC
CNBC – For more and to sign up click here A Deliveroo rider’s bike near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images LONDON — Shares of British food delivery firm Deliveroo fell on Thursday, as the company warned its growth could lose steam......

Here’s who just got rich from the Coinbase debut

CNBC
CNBC – For more and to sign up click here New York’s Union Square Ventures first invested in Coinbase at 20 cents a share in 2013. Eight years later, the stock debuted on the Nasdaq at $381. Source – Click here for more To Return to the Main Aggregate News......

Venture funding soared to record $64 billion in Q1

CNBC
CNBC – For more and to sign up click here Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised......

SoftBank invests $500 million in digital mortgage lender Better.com

CNBC Real Estate
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market......

Sneaker reseller StockX’s valuation jumps to $3.8 billion

CNBC
CNBC – For more and to sign up click here Scott Cutler, CEO, StockX Scott Mlyn | CNBC StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion. On Thursday, StockX announced the conclusion of a $195 million secondary......

Tesla refunds customers for duplicate charges after outcry

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CNBC – For more and to sign up click here This photo of a production version of Tesla’s Model Y was included in the company’s Q4 2019 earnings report. Tesla Tesla has refunded customers it charged twice for new vehicle purchases made at the end of the first quarter, CNBC......

Tesla reports 180,338 vehicles produced, 184,800 delivered in first quarter of 2021

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CNBC – For more and to sign up click here Tesla Model 3 Source: Tesla Tesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to......

Elon Musk tapped to join board of Endeavor Group, owner of UFC and Miss Universe contest

CNBC
CNBC – For more and to sign up click here Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Elon Musk is......

British food delivery firm Deliveroo slides 30% in market debut

CNBC
CNBC – For more and to sign up click here A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo sank in its stock market debut Wednesday, as the company faces pressure from top investors......

Tesla double-charged some customers for new cars, leaving them desperate for refund details

CNBC
CNBC – For more and to sign up click here Christopher Lee and his 2021 Tesla Model Y Christopher T. Lee Last week, after paying for brand new Tesla electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to find the......

Meet Laela Sturdy, the underdog who became one of the top investors at Alphabet’s CapitalG

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CNBC – For more and to sign up click here When Laela Sturdy visited Stanford for the first time, it wasn’t to study at the famed university’s business school. It was to beat Stanford at its own game — literally. As the no. 16 seed in the annual NCAA tournament......

Elon Musk tweets Tesla could become ‘the biggest company’ surpassing Apple

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CNBC – For more and to sign up click here Tesla CEO Elon Musk tweeted early Friday morning that “I think there is a >0% chance Tesla could be the biggest company” and added, “probably within a few months” in replies to followers. Musk’s second tweet offering guidance on timing......

Tesla ordered to have Elon Musk delete anti-union tweet

CNBC
CNBC – For more and to sign up click here Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images The National Labor......

Tech investors pump millions into NFT start-ups as digital collectibles boom

CNBC
CNBC – For more and to sign up click here An illustration of NFT-based art. gremlin | E+ | Getty Images Venture capitalists are writing big checks for start-ups in the booming NFT space. NFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in......

Crypto firm Blockchain.com rides bitcoin mania to a $5.2 billion valuation

CNBC
CNBC – For more and to sign up click here Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images LONDON — Blockchain.com, one of the world’s largest cryptocurrency wallet providers, announced Wednesday......

Amazon-backed Deliveroo seeks valuation of up to $12 billion in its London IPO

CNBC
CNBC – For more and to sign up click here The Deliveroo app displayed on a smartphone screen. Thiago Prudencio | SOPA Images | LightRocket via Getty Images LONDON — British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial......

Elon Musk turns down $1 million offer to buy his tweet as an NFT

CNBC
CNBC – For more and to sign up click here Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Win McNamee | Getty Images Tesla and SpaceX CEO Elon Musk withdrew the offer to sell one of......

Grand Rounds merges with Doctor on Demand to form multibillion-dollar digital health company

CNBC
CNBC – For more and to sign up click here Hill Ferguson, CEO, Doctor on Demand Scott Mlyn | CNBC The Covid-19 era has minted multiple billion dollar-plus online health companies as well as spawning one of the biggest acquisitions of 2020, when Teladoc acquired Livongo for $18.5 billion. Now,......

Cannabis startup Dutchie to buy e-commerce software developers Greenbits, LeafLogix

CNBC
CNBC – For more and to sign up click here Ross Lipson, left, and Zach Lipson, Dutchie co-founders. Source: Dutchie Cannabis tech platform Dutchie announced Tuesday its acquisitions of software companies Greenbits and LeafLogix in an effort to streamline e-commerce tools for its dispensary partners. Greenbits and LeafLogix create enterprise......

Amazon-backed Deliveroo aims to raise $1.4 billion in upcoming IPO

CNBC
CNBC – For more and to sign up click here A Deliveroo courier rides along Regent Street delivering takeaway food in central London during Covid-19 Tier 4 restrictions. Pietro Recchia | SOPA Images | LightRocket via Getty Images LONDON – Food delivery service Deliveroo is seeking to raise £1 billion......

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