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Electric Truck Maker Rivian Raises $1.3 Billion

By Nick Wingfield
· · Source: The Information

Rivian, a high-profile electric vehicle startup, continued a fundraising binge this year by raising $1.3 billion in a round led by T. Rowe Price Associates.  The round was its fourth in 2019, having previously raised $700 million in February in a round led by Amazon; $500 million in April from Ford Motor Co; and $350 million in September from Cox Automotive. Rivian has generated buzz with its...

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The New Uber, Google Founders’ Letter: The Information’s Tech Briefing
By The Information Staff · Aug. 6, 2020 6:45 PM PDT

In a sign of the times, Uber said Thursday its restaurant-food delivery revenue surpassed ride-hailing for the first time. Uber Eats revenue rose 103%, to $1.2 billion in the June quarter, and its profit margin—at negative 19%—was the unit’s best in many quarters. Ride-hailing generated just $790 million, down 67% due to pandemic shutdowns.

Uber’s management, starting ...

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