Getir, the Istanbul-based instant delivery firm that expanded to the U.S. last year, raised $768 million in new cash valuing the company at $11.8 billion, the company announced Thursday. The round was led by existing investor Mubadala Investment Company and included other deep-pocketed backers like Sequoia Capital, Tiger Global Management, and the Abu Dhabi Growth Fund. The fundraise stands...
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Meta Calls Employees Back to Office Three Days a Week
Meta Platforms has notified employees they will need to return to the office three days a week starting in September, according to a person familiar with the matter. The announcement, which has not been previously reported, marks the strictest policy change since it embraced remote work during the pandemic. While tech companies have met resistance from employees about such mandates in the...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.