Electric truck maker Rivian said it has raised $2.5 billion in a new round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds advised by T. Rowe Price. The announcement comes just a day after the California-based automaker confirmed to Reuters that it plans to break ground on a second U.S. based factory in the next year. The manufacturing facility, which...
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Who Else Will FTX Founder Rescue?
Has there ever been a more aptly named entrepreneur than Sam Bankman-Fried? Not only is his FTX turning out to be a lender of last resort for crypto lenders such as BlockFi and Voyager Digital, both of which are caught up in a chain reaction of missed margin calls triggered by the crypto slide, but it could also emerge as a savior for Robinhood. That at least is according to this Bloomberg...
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