Instacart prices IPO at $30 a share
Instacart, the grocery-delivery company that saw its business boom during the pandemic, priced its long-awaited IPO at $30 a share on Monday, and will become the first notable venture-backed tech company to hit the U.S. public market since...
2023-09-19 09:41:24
Ethereum co-founder on SEC crypto crackdown: Clear heads will prevail
The co-founder of Ethereum, Joseph Lubin, said "clear heads will prevail" as the U.S. Securities and Exchange Commission continues to dispute with crypto firms in court over whether crypto tokens are considered securities. "I anticipate tha...
2023-09-18 10:49:31
Arm IPO: What is RISC-V and why does Arm call the rival product a risk?
With , investors are considering the potential upsides — and downsides — of investing in the company. The British chip designer itself flagged several risks in its IPO prospectus, ranging from its China business to geopolitics, but one...
2023-09-18 10:49:26
Nvidia and Capital One invest in Databricks at $43 billion valuation
As some high-valued tech startups look to the long-dormant IPO market for their next funding round, Databricks is still finding investors that are happy to keep the company private, at least for now. Databricks, which sells data analytics s...
2023-09-18 10:49:20
Arm China 'doing well,' CEO says, as Son reduces China exposure
In this article You can watch David Faber's interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on . Arm's China subsidiary is "doing well" with strong potential in data center and automotive applications, despite the geopolitic...
2023-09-18 10:49:14
Craigslist's Craig Newmark funding Common Sense Media AI project
Craig Newmark made his fortune off a website, founded in 1995, that served as an early online bulletin board and looks like it hasn't been updated in two decades. That website, , is still cranking along, featuring apartment listings, an act...
2023-09-18 10:49:09
Caesars paid millions in ransom to cybercrime group prior to MGM hack
In this article Days before computer systems were , casino operator paid out a ransom worth $15 million to a cybercrime group that managed to infiltrate and disrupt its systems, sources familiar with the matter told CNBC. The cybercrime gro...
2023-09-18 10:49:03
Arm IPO: (ARM) starts trading on the Nasdaq in win for SoftBank
, the chip design company controlled by , jumped nearly 25% during its first day of trading Thursday after selling shares at $51 a piece in its initial public offering. At the open, Arm was valued at almost $60 billion. The company, trading...
2023-09-18 10:48:58
Oracle founder Larry Ellison makes first trip to Microsoft campus
Larry Ellison, the co-founder, chairman and chief technology officer of , has been going up against in database software for more than 30 years. He has also had to deal with clients looking to connect their Oracle and Microsoft products. Bu...
2023-09-18 10:48:52
Arm is trading at a premium to Nvidia after its IPO pop
Arm's on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. But it's a head-scratcher for Wall Street. The UK-based chip design company saw its jump 25% to $63.59 after its IPO, lifting the company...
2023-09-18 10:48:47
DoorDash will switch to Nasdaq from NYSE in blow to Big Board
said on Thursday that it will transfer its listing from the New York Stock Exchange to the Nasdaq, a potential blow to the NYSE. The food delivery company expects to begin trading on the Nasdaq on Sept. 27 , under the same symbol, "DASH," a...
2023-09-18 10:48:42
Arm's second trading day is more subdued, valuation tops $60 billion
In this article jumped another 6% on Friday at the market open, but those gains cooled off some in its second day of trading after its Nasdaq debut Thursday. The British chip designer's shares were trading at just more than $67 around the m...
2023-09-18 10:48:36
Instacart aims for valuation of up to $10 billion in upcoming IPO
Grocery delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday, aiming for a valuation of up to $10 billion. Instacart plans to offer 22 million total shares when it debuts...
2023-09-18 10:48:30
Sequoia, Andreessen set to take massive hit on 2021 Instacart investment
Sequoia Capital and Andreessen Horowitz, two of Silicon Valley's most high-profile venture firms, are poised to take a massive hit on their in grocery delivery company Instacart, a deal that closed in 2021 as . In its latest IPO prospectus...
2023-09-18 10:48:25
SpaceX Starlink service in Ukraine subject of Senate letter
WASHINGTON — Three Democratic members of the Senate Committee on Armed Services have asked the Pentagon for information about SpaceX CEO Elon Musk, and whether he "directed the unilateral disabling or impediment of function of Starlink sa...
2023-09-18 10:48:20