Shares of Singapore-based food delivering and ride-hailing company Grab fell over 20% in its first day as a public company after going public via a merger with special purpose acquisition company Altimeter Growth Corp. The stock opened at $13.06 per share but immediately began trending downward, with shares trading around $8.60 Thursday afternoon. Grab, which is the largest U.S. listing of a...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Market Research culture
‘I Can Take Video Calls Even While Cooking’: The Smart Kitchen Appliances That Tech People Love
“We have three kids, two cats and a dog,” said Charles Edge, chief technology officer at Bootstrappers.mn, a venture capital firm in Minneapolis. “It’s a busy household in the morning, with kids and animals screaming for food and needing to be driven to school or daycare.” A wide array of smart kitchen tools is making Edge’s life—and his...
SEC Easing Rules Around Raising Money in Direct Listings
Sam Bankman-Fried Secretly Funded The Block Through Loans to CEO
Bankman-Fried Open to Testifying at House Hearing, Mum on Senate
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive microsoft enterprise
How Slack’s Marriage to Salesforce Crumbled
Two years ago, Salesforce co-founder and CEO Marc Benioff gushed about his software company’s $28 billion purchase of messaging app Slack, describing it as a “match made in heaven.” It was also the most expensive subscription software acquisition of all time, with Salesforce paying around 26 times Slack’s forward revenue—a price tag that carried high expectations.
Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
Microsoft recently considered building a “super app” that could combine shopping, messaging, web search, news feeds and other services in a one-stop smartphone app, in what would be an ambitious move by the software giant to expand further into consumer services, according to people with direct knowledge of the discussions.