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The delivery company's shares dramatically dropped after its IPO in March, and rebounded in yesterday's trading, matching the initial IPO price for the first time. The stock soared 71% since its bottom in April, bolstered by a favorable court ruling over the employment status of its drivers, a surge in sales and a big investment by peer Delivery Hero SE. The worst performance in decades for a UK listing is starting to get back on track, healing London's reputation as a hub for technology. Source: Bloomberg, Yahoo Finance

Michael Burry, which you all know from the Oscar-winning movie 'The Big Short', is now taking aim at the famous stock picker Cathie Wood for its new coup. Burry disclosed on Monday that its company, Scion Asset Management, held bearish put option against 235,000 shares of Wood's ARK Innovation ETF at the end of the second quarter, for a total value of around $31 million. Does he think that focusing on innovation might come with higher risks than expected? Source: Barron's

The smartphone market was initially a multiplatform market, with actors like Windows Phone and BlackBerry as operating software, but it quickly became a duopoly with only iOS and Android. Android accounts for no less than 84.1% of the market, leaving 15.9% to Apple. Back in 2010, their combined market share was barely 40%. Source: IDC, Statista

Exceeding expectations is starting to become a habit for Disney's streaming service. According to the company's earnings report, it had 116 million subscribers as of July 3rd, meaning that it doubled its subscriber base under a year. For comparative purposes, imagine that it took Netflix seven years to reach this number, whereas Disney only needed two. Source: Statista

The round is believed to be the largest private raise ever by an Argentinian company and brings Ualá’s total raised to $544 million since its 2017 inception. Ualá says it has developed “a complete financial ecosystem,” including universal accounts, a global Mastercard card, bill payment options, investment products, personal loans, installments (BNPL) and insurance. It has also launched merchant acquiring, Ualá Bis, a solution for entrepreneurs and merchants that allows selling through a payment link or mobile point-of-sales (mPOS). The startup has issued more than 3.5 million cards in its home country and in Mexico, where it launched operations last year. The company claims that more than 22% of 18 to 25-year-olds in Argentina have a Ualá card. At the time of its Series C raise in November 2019, it had issued 1.3 million cards. Source: Tech Crunch