An investor in Instacart has cut the grocery delivery startup’s valuation to $14.7 billion, the latest sign of how investors have become more pessimistic about the outlook of highly valued tech startups after a sell-off in public tech stocks. The new valuation by Capital Group, a financial services company, is well below Instacart’s own internal calculation of $24 billion. Fidelity and T....
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Sequoia, Andreessen and Bessemer’s Beating and Snap’s Selfie Drone
Is anybody else pumped for some appointment streaming this weekend? The first episode of HBO’s “House of Dragon,” the hotly anticipated prequel series to “Game of Thrones,” premieres Sunday night. Then, 12 days later, Amazon will debut its own fantasy series, “The Lord of the Rings: The Rings of Power,” on Sept. 2. It’s fair to say HBO and its debt-laden parent company, Warner Bros....
China’s Cyber Regulator Wants “Affectionate” Ties With Tech Companies
Apple Warns Mac, iPhone, iPad Users of Critical Security Flaws
Snap Halts Development on Its Selfie Drone Pixy
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