Rivian filed for an initial public offering Friday, the latest electric vehicle company to opt for a public listing. In doing so, Rivian revealed it has lost $2.4 billion in the past two and a half years. The maker of electric pickup trucks and SUVs, which has a deal to deliver 100,000 vans to Amazon by 2025, lost $994 million in the first half of this year. That followed a loss of just over...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
Zoom Adds OpenAI Productivity Features, Launches Digital Assistant
Ten Private Equity Firms Contacted Sumo Logic Before Buyout
Lyft CEO Steps Down, Likely to Spark Sale Speculation
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