Tag Archives: uber

WeWork is less than a decade old but is already enmeshed in more than its own fair share of troubles. The company which was founded back in 2010 has already had a large number of its most senior officials exiting. WeWork executives are very unhappy because of all the uncertainty about the company’s corporate governance methods, as well as all the obscurity about the company’s initial public offering (IPO) until it has been recently canceled.Furthermore, there is a lot of distrust and...

Social media giant Facebook has for the first time indicated the full list of the basket of currencies which will support the proposed stablecoin Libra. While is known publicly that the US Dollar accounts for about 50% of the basket of currencies that will back the cryptocurrency, not much was known about the rest.According to the Der Spiegel report , in response to a request from Fabio De Masi who is the finance spokesperson of the Left Party of the German Parliament (the Bundestag), a...

Online dentistry company SmileDirectClub shares fell by huge 28% yesterday and it was pretty much the worst market debut for one unicorn start-up so far this year.The company’s shares closed at $16.67 after they have opened at $20.55. SmileDirectClub classifies as the fifth-worst debut of the 109 companies that went public this year. Just for comparison, shares of Uber, another unicorn or start-up valued at $1 billion or more went down by 7.6% on that stock’s first day on the public...

Facebook’s Libra, even with all the regulatory hurdles it currently faces, is still going strong and forging ahead with its plans to launch the digital currency next year. A while back, Libra Exec David Marcus, after enduring several hours of questioning from the United States Congress, promised that the Libra will not be launched until all regulatory concerns have been met and satisfied. The head of the Libra Association, the outfit in charge of the Libra project, has iterated this, given a...

Photo: ShutterstockVoyage, a startup in the business of autonomous vehicles has just announced that it successfully raised $31 million in a recently concluded series B funding round. The round was led by Franklin Templeton but with other players like Chevron Technology Ventures, Khosla Ventures and Jaguar Land Rover’s InMotion Ventures were also in participation.Voyage was birthed out of education start-up Udacity, based in Silicon Valley back in 2017. The company quickly joined the long...