Indian food delivery startup Swiggy, whose major backers include SoftBank, has hired JP Morgan and ICICI Securities to start preparing for a future initial public offering that could raise as much as $1 billion, TechCrunch reported. Swiggy plans to file for an IPO as early as the first half of next year, according to TechCrunch. But the startup, whose valuation doubled to $10.7 billion in its...
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Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits. Amazon granted 138 million restricted stock units to employees in the second quarter, as the chart above shows—an 82% increase from the number of restricted shares for employees it issued during the same period...
Microsoft Lays Off 200 People in Family-Focused App Business Amid Broader Belt-Tightening
Unity Announces China Joint Venture With Partners Including Alibaba, ByteDance
Former Twitter Employee Convicted of Spying for Saudi Arabia
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