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“#Tesla market value crosses $800 billion for the first time” Tesla shares jumped as much as 5.6 percent Friday, pushing the electric-car maker’s market capitalization to more than $800 billion for the first time and inching closer to the trillion-dollar club. Tesla’s stratospheric rally has helped Chief Executive Elon Musk surpass Amazon boss Jeff Bezos…
“#Sneaker site StockX valued at $2.8B in new funding round” StockX — a fast-growing web destination of hard-to-find sneakers — said Wednesday it had raised $275 million in a new funding round that values the company at $2.8 billion. The latter figure, which includes the value of the fresh pile of cash, follows an exclusive…
“#Bitcoin climbs to three-year peak, nears all-time high” Bitcoin rose to a nearly three-year high Friday, as investors continued to scoop the virtual currency on expectations it could well exceed its all-time peak of just under $20,000. Bitcoin surged to $18,766.79, the highest since December 2017, and was last up 4.9 percent at $18,696. It…
“#TikTok owner reportedly eyes fundraising valuing it at $180B” TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion after the investment, according to two people familiar with the matter. The company is discussing the round with existing investors including Sequoia Capital and General Atlantic…
“#E-cigarette maker Juul slashes valuation to $10 billion” Juul Labs has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette maker fizzles in a tumultuous period for the industry. Juul was valued at…
“#Instacart valuation jumps to $17.7 billion” Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic. In June, Instacart raised $225 million, and the company was valued at $13.8 billion in that…