Alphabet is winding down Sidewalk Labs, its subsidiary developing smart city technology, Engadget reported Thursday . Alphabet’s primary subsidiary, Google, will absorb most of Sidewalk’s projects while its mass timber unit Canopy Buildings, which designs and manufactures wood for sustainable commercial development, will be spun off. The changes come as Sidewalk CEO Dan Doctoroff said...
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Lessons From the Last Three Years of IPOs
Talk about hangovers in the wake of initial public offerings! It’s a telling sign when you have to go back to 2019 to find a decent number of tech IPOs that are still above water. As we recounted today—and demonstrated in a cool chart—the vast majority of last year’s IPOs are underwater. The group from the year before isn’t doing much better. But the crop from 2019, when companies such as...
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Amid Slowing Sales, Amazon to Hold Second Prime Day in October
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