Education technology company Udemy saw its stock fall more than 5% on its opening day as a public company, a sign of investor skepticism. Udemy shares closed at $27.50 Friday, down from its IPO price of $29. Udemy, which hosts teachers of everything from programming to photography on its platform, raised $421 million in the IPO and had a market capitalization Friday afternoon of roughly...
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YouTube Explores NFTs for Creators; Recur Sells NFTs From Big Brands
YouTube is the latest social media giant exploring ways to integrate non-fungible tokens (NFTs). The details are vague, but Susan Wojcicki, CEO of the video platform, said in a blog post on Tuesday that the platform is looking ahead at ways it can help YouTube creators take advantage of the increasingly popular digital collectibles.On the surface, it seems routine for another social media...
Diem, the Crypto Project Backed by Meta Platforms, in Talks to Sell Assets
Chinese Search Giant Baidu’s Electric Car Unit Raises $400 Million
Spotify Partners With Stripe to Expand Podcasts
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Inside Gopuff’s Ambitious and Costly Bid to Dominate European Instant Delivery
Executives at Gopuff, a U.S. instant-delivery company that has planned to go public this year, recently told investors that its foray into Europe, which began last year, has topped expectations: The business is on pace to generate $100 million in annual revenue there, or about 5% of its overall revenue currently, and is growing three times faster than it had projected, according to two people with direct knowledge of the discussions.