Andreessen Horowitz closed its second fund with $515 million in capital commitments. The company’s second crypto fund shows that the venture capital firm is targeting specific areas to invest in the cryptocurrency space.
In an unprecedented move, Shell has cut down the interim dividend for its shareholders by 66% from $0.47 last year to now at $0.16. The massive crash in oil demand due to COVID-19 has been responsible for this move as per the oil giant.
Investing in gold requires sound knowledge and understanding of the financial markets and their trends to truly capitalize on the value it holds. The information discussed might give you a kickstart in your gold investment journey.
Virgin Galactic chairman Chamath Palihapitiya raised $720 million for a new blank-check firm. It is 20% more than it was expected earlier.
Activist investor ValueAct Capital Partners believes that Nintendo could become a digital entertainment giant and has managed to take a stake of over $1B in the company.
According to Facebook, the aim of the investment in Jio Platforms is to create “new ways for people and businesses to operate more effectively in the growing digital economy.” FB stock is rising in the pre-market.
Stripe raised another $600 million in a funding round. The company plans to continue investing in product development and further expansion.
$160.1 million of the $503.7 million raised during the first quarter of 2020 is the inflow from new investors. According to Grayscale, the source of 88% of the funds came from hedge funds and other institutional investments.
Andreessen Horowitz is going to start its second crypto investment fund and wants to garner $450 million in capital.
According to Airbnb, the funds it raised will be spent on its three major products: hosts, long-term stays and Airbnb experiences. It should help the company overcome the coronavirus crisis.
Twitter CEO is donating funds to fight coronavirus. According to Jack Dorsey, after coronavirus is over, the funds will be spent on health and education for girls and ‘universal basic income’ efforts.
While some industries focus on creating profits for themselves despite the damage they are causing, there are some industries and investors that are taking responsibility by making use of social impact investments.
DAWN is the new Wall Street’s stock acronym that stands for Domino’s Pizza, Activision, Walmart, and Netflix. These stocks, as well as tech shares, are now worth investing in.
Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.
There is nothing so far to suggest that there will be a permanent impact on businesses, or that earnings will not eventually recover. But when you want to invest during the crisis, you need to think about long-term benefits.