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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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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