Doug Leone, a partner at Sequoia Capital for over 30 years, has publicly renounced his support for President Donald Trump, according to Recode . The influential investor had donated approximately $700,000 to Trump’s reelection campaign, per the report, but says he no longer supports Trump in the wake of the insurrection at the U.S. Capitol. In a statement provided to Recode, Leone condemned...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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