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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PayPal Investors Ask for Refund on Pinterest Talks
We got a very clear sense of what investors think of the prospect that PayPal might buy Pinterest from how the two stocks reacted to news of deal talks between the companies, first reported by Bloomberg. PayPal stock dropped nearly 5%, slicing about $15 billion off the digital payment company’s market capitalization. Pinterest shares, conversely, rocketed 13%—adding $4.6 billion to the company’...
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PayPal Exploring Pinterest Acquisition
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