In news that could boost the morale, if not near-term fortunes, of the ride-hailing industry, a small Estonian firm called Bolt said Tuesday it raised 100 million euros from London-based Naya Capital Management. The round valued Bolt on paper at $1.85 billion, up from about $1 billion two years ago. The funding came after Bolt (previously known as Taxify) tried to borrow money from the Estonian...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
San Francisco Officials Urge Caution on Expanding Robotaxi Approvals for Waymo, Cruise
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.