Food delivery service DoorDash is talking to banks to secure a line of credit of about $400 million ahead of a potential IPO, according to Bloomberg. DoorDash could go public as early as next year, according to the report. This comes as investors are awaiting an IPO from Postmates, a smaller food delivery company, and after Uber’s second-quarter results showed that its Eats meal delivery unit...
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Crypto Global crypto
Breaking Down the SEC’s Double Whammy
The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.