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Layoffs at Lime and Getaround herald rise of profit-hungry unicorns

Layoffs at Lime and Getaround herald rise of profit-hungry unicorns Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A million dollars isn’t cool. You know what’s cool? Positive adjusted EBITDA, or something close to it. That’s the message from scooter […]

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Google to offer checking accounts in partnership with banks starting next year

Google to offer checking accounts in partnership with banks starting next year Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking accounts to consumers, as first reported by the Wall Street Journal, starting as early as […]

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HBO’s former CEO said to be in talks with Apple TV+ for an exclusive production deal

HBO’s former CEO said to be in talks with Apple TV+ for an exclusive production deal The man who oversaw the creation of some of HBO’s most highly-praised ‘prestige TV’ could soon be making shows for Apple TV+, according to a new report from the Wall Street Journal. Richard Plepler, who was […]

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SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank reportedly preps a package to take control of WeWork parent company SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With […]

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PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal is the first company to drop out of the Facebook-led Libra Association PayPal is the first company to walk away from Facebook’s Libra cryptocurrency. PayPal’s decision to take its ball and go home was first reported by The Wall Street Journal . “PayPal has made the decision to forgo further participation […]

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As college football attendance slumps, new ways to ticket may hold an answer

As college football attendance slumps, new ways to ticket may hold an answer Jesse Lawrence Contributor Jesse Lawrence has been in media and tech for 20 years. Prior to TicketIQ, he worked at MediaMath and IAC. He started his career as a writer. More posts by this contributor In 2018 the ticketing […]

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We Company reportedly mulls slashing its valuation ahead of its initial public offering

We Company reportedly mulls slashing its valuation ahead of its initial public offering The Wall Street Journal is reporting that the company formerly known as WeWork is considering slashing its valuation as it looks to woo public market investors. The company is reportedly considering a valuation of somewhere in the $20 billion range […]

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SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

SoftBank reportedly plans to lend employees as much as billion to invest in its VC fund SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report […]

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Microsoft in talks to invest in SoftBank’s second Vision Fund

Microsoft in talks to invest in SoftBank’s second Vision Fund SoftBank is said to be preparing the announcement of a $40 billion investment in its second Vision Fund, according to a new report from The Wall Street Journal. News of the mammoth investment comes after weeks of rumors the Japanese telecom giant […]

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WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

WeWork CEO Adam Neumann has reportedly cashed out of over 0 million ahead of its IPO Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and […]

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