Travis Kalanick, the former CEO of Uber who was ousted from the ridesharing company after a series of scandals, has offloaded about $500 million of Uber stock as a six-month lock-up period ended on Nov. 6, according to a report by the Financial Times. Get...
China is looking to coax tech listings, following a failed attempt with mainland investors, The Wall Street Journal (WSJ) reported on Thursday (Nov. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Following WeWork’s IPO debacle, investors want tech startups to prove profitability before seeking funds and going public, CNBC reported on Friday (Nov. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
CloudKitchens, the delivery startup founded by former Uber CEO Travis Kalanick, has received a $400 million investment from Saudi Arabia’s Public Investment Fund (PIF), according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and...
FinTech startup Digits has announced the close of a $10.5 million Series A funding round, led by Benchmark. There was also participation from 72 angel investors in the funding, including founders and CEOs from companies like Box, GitHub, Tinder, Twitch, Stitch Fix, SoFi and others....
SoftBank CEO Masayoshi Son calls his company’s decision to save WeWork “an exception” that won’t happen again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6), its first quarterly drop-off in 14 years and far larger than analysts’ estimates, Bloomberg and other news outlets reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Boulevard, a provider of back-office management software for the spa and salon industry, has raised $11 million in a Series A funding round from investors, including Index Ventures and Bonfire Ventures. As part of the deal, Index Ventures Principal Damir Becirovic, as well as Co-founder...
