Taboola and Outbrain are finally coming together in a cash-equity deal under the Taboola brand. The deal, announced today, will give Outbrain’s shareholders $250 million along with 30% ownership in Taboola.
Recently Uber, the ride-hailing company, announced that the Uber Copter helicopter taxis in JFK airport are now available for everyone’s use. Previously the service was only for premium members.
Jeff Bezos still tops Forbes list of the 400 richest people in America even after giving away $38 billion worth of shares to his wife McKenzie in divorce settlements. He still owns about 12% of Amazon.
The We Company will no longer be going public anytime soon. According to the new CEOs, the decision to postpone its IPO was necessary to solve many of the company’s internal problems. For now, no new date has been set.
Band Protocol, Sequoia-backed data management company, has launched the mainnet of its decentralized trading app BitSwing. The dapp serves as a brokerage for Ethereum-denominated binary options.
Because the Nasdaq is more concerned with U.S. investors, the index has commenced efforts to reduce the number of IPOs it hosts from small Chinese companies. Nasdaq is now very reluctant with approvals and support for these firms.
The IDO for its native SDX security tokens will take place next year in mid-2020 and the issuance of tokens will happen on an enterprise-grade blockchain built using R3’s Corda technology.
Peloton’s first day on the stock market was disappointing, to say the least, and it ended as the third-worst IPO performer. PTON stock kept on sliding throughout the day, ending on a much worse note than it started.
Uber announced 25+ changes to its platform on Thursday. Most significant moves include merging its ride-hailing app and food-delivery app Uber Eats, and offering users alternative travel information including bikes, scooters, public transportation, and even helicopters.
Now that Neumann is gone, the SoftBank Group which is WeWork’s largest investor, is considering pumping a lot more money into the troubled startup. The deal, if completed will give SoftBank more control of the company.
The Peloton interactive workout company has announced a share price of $29 each, for its IPO. The company has recorded consistent losses and it is generally hoped that this IPO would change things considerably.
On September 24, Justin Sun, the creator of Tron, revealed what developments and updates the community can expect to see in the near future.
U.S. banking giant JPMorgan Chase will help poor American communities. The largest US bank set to invest $25 million in FinTech startups that help low-income Americans be more financially healthy.
The Alibaba Group has closed a deal which guarantees the company 33% equity interest in Ant Financial. The deal means that Ant Financial will no longer pay any pre-tax profits to Alibaba.
Following a strange corporate governance structure and other methods, WeWork’s largest investor is now looking to have Adam Neumann removed as CEO.