Tinder has quickly become one of the most successful consumer internet businesses ever with massive, growing margins, and was incubated by an incumbent (IAC, owner of Match Group, started "Hatch Labs," where Tinder was born).
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Commission-free investing app Robinhood was hit by a trading glitch that apparently allowed users of the company's subscription product, Robinhood Gold to acquire ‘infinite leverage’ while trading stocks on its millennial-targeting platform.
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Using the company's state-of-the-art quantum computer, called Sycamore, Google has claimed "quantum supremacy" over the most powerful supercomputers in the world by solving a problem considered virtually impossible for normal machines.
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Mercedes-Benz car owners have said that the app they used to remotely locate, unlock and start their cars was displaying other people’s account and vehicle information.
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On Tuesday major WeWork backer SoftBank agreed to a $10+ billion bailout that gives Masayoshi 80% of the company.
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On Thursday Tesla surpassed GM to become the most valuable U.S. automaker.
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This weekend Qantas Airways Ltd. will fly directly from New York to Sydney in what will become the world's longest non-stop flight (20hrs).
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Last Friday was a ROUGH day for the Facebook Libra team. In one day, four payment processors—Stripe, Visa, Mastercard, and Mercado Pago—withdrew from participation in the Libra Association, the Geneva-based group Facebook created to develop their virtual currency.
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IPOs are cool again, but you know what's not cool? The "pop" some stocks experience in the first hours/days of trading.That doesn't mean it was a successful IPO, that means it was priced poorly, the company left money on the table, and a few select institutions took it off said table and placed it right in their pockets.
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The secretive New York-based hedge fund Tiger Global Management has led a $25 million Series C investment in Lattice, an employee performance and engagement management tool, with participation from the startup’s existing investors.
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Soon, you'll know Paul Martino as the producer of "Inside Game," the movie that is really, really going to piss off Adam Silver, the commissioner of the NBA.
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In one of the more interesting Twitter threads I've read in a while, investor Ryan Reeves breaks down the business model of your dad's favorite store, Costco.
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Shares for Snap Inc., the parent company of Snapchat, were down nearly 7% after Facebook announced the launch of “Threads,” a new messaging app for Facebook-owned Instagram that looks and feels a lot like Snapchat.
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Bird, a Santa Monica, Calif.-based e-scooter rental company, raised $275 million in Series D funding at a $2.5 billion pre-money valuation. CDPQ and return backer Sequoia Capital co-led the round.
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UPS’s drone subsidiary announced this week that it was the first operator to receive a key certificate from the FAA. The approval clears the way for the parcel delivery company to start slinging packages via drone.
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Wednesday Microsoft launched the expected Surface laptop and a pair of Surface Pro tablet/phone hybrids. But it also previewed 2 other devices due out next year that few were expecting.
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Amazon will order 100,000 electric trucks from EV startup Rivian as part of a "Climate Pledge" laid out by CEO Jeff Bezos. Bezos wants Amazon (+0.22%) to get 80% of its energy from renewable sources by 2024.
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This week Automattic, the company behind Wordpress, announced it has closed a new $300 million Series D, with Salesforce Ventures taking the entire round. This puts the company at a post-round valuation of $3 billion.
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This week Stripe announced it’s raising another $250 million in funding at a pre-money valuation of $35 billion.
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