A European court has overturned Amazon’s $300 million tax bill, striking another blow against regulators’ efforts to levy large taxes on U.S. tech giants. The court in Luxembourg handed down the ruling Wednesday morning, reversing a 2017 decision from the European Commission to charge Amazon with hundreds of millions in unpaid taxes. The Commission can appeal the decision to Europe’s highest...
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The New VC Mantra: It's ‘Time to IPO’
“It’s time to build” became the rallying cry of venture capitalists after Marc Andreessen published his blog post in 2020, as the economy was reeling from the pandemic’s outbreak. More than three years later, a new one has entered the mix: It’s “time to IPO,” wrote Brad Gerstner, founder and CEO of investment firm Altimeter Capital, in a post on X this week.His comments added to a barrage of...
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