The top antitrust lawmaker in the U.S. House called Uber’s takeover bid for Grubhub “a new low in pandemic profiteering” and repeated his call for a ban on all mergers during the current Covid-19 crisis. House Antitrust Subcommittee Chair David Cicilline said the two companies should not be allowed to merge. Cicilline, a Rhode Island Democrat, who is currently conducting a review of antitrust...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service—announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including...
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