1084 days ago
After raising $1B in its IPO TuSimple plans road-test
TuSimple with test drive self driving trucks in Arizona in what could be the start of its ''driver-out'' pilot program meaning without a human behind the wheel.
1084 days ago
Next IPO could be self-driving tech Cruise
The startup backed by GM now sees growing envy from retailer Walmart. Walmart's recent funding round has boosted the total haul by $2.75 billion making Cruise the best funded autonomous tech developer. Cruise is estimated to be valued around $30 billion.
1084 days ago
Dogecoin to the moon! Helped by more Elon Musk tweets
Elon Musk has returned to Twitter with tweets that have proved supportive of cryptocurrenyc Dogecoin.
1085 days ago
Toshiba is having a rough couple of years
Toshiba's CEO Nobuaki Kurumatani resigned today, as his impartiality was being questioned in the buyout talk with his former employer CVC Capital Partners. CVC plans to turn the company private, to shareholder's dismay. The company's revenues have been decreasing for years now, from almost $60 billion in 2008 to only half of that in 2019. What will happen to Toshiba?
1085 days ago
AppLovin set to debut on Nasdaq in $28.6 billion IPO today
AppLovin, the mobile games company that owns hits such as a Matchington Mansion and Wordscapes, has raised $1.8bn in an initial public offering, giving it a market capitalisation of $28.6bn and making it one of the biggest public debuts of the year.
The company priced its shares at $80 ahead of its listing on the Nasdaq on Thursday, according to the regulatory filing, the midpoint of its previously set range of $75 to $85. The issue price gives it a market value many times higher than the $2bn at which KKR purchased a $400m stake three years ago.
