Shares of Dave, the digital banking app, rose 9% on its first day of trading Thursday after going public through a merger with special purpose acquisition company VPC Impact Acquisition Holdings III. The Los Angeles-based company’s stock price was trading around $9 on Thursday afternoon after shares of the SPAC closed at $8.27 Wednesday. The five-year-old startup had raised nearly $300 million...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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