DoorDash, which has been one of the biggest thorns in Uber’s side lately, confirmed The Information’s report last week that it would raise new funds at a valuation of up to $12 billion. In fact, the pre-investment valuation announced today is exactly that amount. The $600 million financing is being led by Darsana Capital Partners, a New York-based hedge fund run by Anand Desai that last year...
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Crypto Global crypto
Breaking Down the SEC’s Double Whammy
The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao...
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Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.