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Posts Tagged ‘The Wall Street Journal’

WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and timing of the payouts, made through a mix of stock sales and loans secured by his equity in the ...

DoorDash, now valued at $12.6B, shoots for the moon

DoorDash has raised another $600 million in venture capital funding. ...

Trendy luggage brand Away packs on $100M, rolls past $1.4B valuation

Away's new lofty valuation proves how far you can get with excellent branding.  ...

Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s ...

The Switch has now outsold the N64, but Nintendo sees growth slowing

Nintendo’s Switch has now outsold its N64 console on lifetime sales, but prospects for the portable gaming system look mixed for the next year following a conservative sales forecast. Nintendo just announced its end of year financials, and in doing so it revealed that it sold 16.95 million Switch consoles in the last year, taking ...

Slack reportedly chooses the New York Stock Exchange for its direct listing

The ubiquitous corporate messaging service Slack is following in the footsteps of Spotify’s subscription music service and heading to the New York Stock Exchange for trading through a direct listing, according to the Wall Street Journal. Slack, which reportedly had somewhere near $900 million on hand last October when it was prepping for its initial ...

Visa policies threaten innovation but aren’t stopping hiring abroad

The growing intensity of the US visa approval process has made it more difficult for companies to attract, support and retain foreign talent. However, recruiters are still sourcing talent from abroad at an increasing clip. According to a recent, roughly 30-page, report published by Envoy – the corporate workforce immigration management platform – US corporate ...

Uber said to be raising $1B at a $10B valuation for its self-driving car unit

The SoftBank Vision Fund is in talks to invest directly in Uber's autonomous vehicle business, reports The Wall Street Journal. ...