Coupang, a Korean e-commerce firm, set the pricing range for its upcoming IPO. The company is looking to sell shares at between $27 and $30, raising around $3 billion and valuing it at $49 billion at the midpoint of that range, excluding stock options and restricted stock. That’s about four times Coupang’s 2020 revenue of $12 billion. The company was last valued at $9 billion in November 2018,...
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Meta Rehires Partnerships Executive After Vowing to Shrink Management
Meta Platforms CEO Mark Zuckerberg’ effort to cut back on middle managers isn’t stopping the company hiring more middle managers. Meta has re-hired a veteran manager, Nick Grudin, to oversee its relationships with media companies and other creators, just seven months after Grudin quit to join Dapper Labs, an NFT startup. Grudin will resume his old job, reporting to his previous boss...
Virgin Orbit Nears $200 Million Funding Deal
Amazon Tests Palm-Scanning Technology at Panera Bread
Toyota Phases Out Amazon Alexa in Vehicles, Explores ChatGPT
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