SoftBank’s Vision Fund Suffers $32 Billion Loss as Tech Valuations Plummet
SoftBank’s Vision Fund, the world’s largest technology investment fund, lost $32 billion in the financial year ending March 2023. The loss is the largest ever …
Investment
An explanation of how a 30-year-old fintech entrepreneur managed to con JPMorgan Chase
Here is What Happened….. Step 1: Make it known far and wide that something is wrong with higher education in the United States. That group …
SpaceX is Reportedly Raising $750 Million at a Valuation of $137 Billion From Investors Like Andreessen-Horowitz
According to letters obtained by CNBC, Elon Musk’s company SpaceX, which makes rockets that can be used more than once and provide internet through satellites, …
Sam Bankman Fried’s Investment Returns on The Israeli Companies he Backed
At least two Israeli startups, StarkWare and Solidus Labs, received funding from FTX Ventures and Alameda Research, both of which are affiliated with FTX’s founder, …
Shein’s Unknown Founders Create a $40 Billion Fortune in Fashion
A new international fashion icon has opened near the posh stores of Omotesando, Tokyo’s Rodeo Drive. Further down Cat Street, past the flagship stores of …
Luck & Skill Play a Role in The Success of a Startup Investor: Pablo Ventura
The general partner at K Fund, Pablo Ventura, thinks that chance has a big effect. The author’s personal look back is a cool way to …
Google and Pune-Based SuperGaming Collaborate to Bring ‘SuperPlatform’
SuperGaming, a game developer and publisher based in Pune, India, just announced a partnership with Google to make its “best-in-class” live-ops engine, SuperPlatform, available to …
Simon Cowell’s Latest Foray Into The World of Online Music Sharing is Called StemDrop
People’s focus has shifted from Saturday night television to social media as the format gradually loses viewers. With more than a billion monthly users, TikTok …
Tom Ford is Now a Billionaire Thanks to The $2.8 Billion Sale of His Fashion Label to Estée Lauder
The partnership between Estée Lauder and Tom Ford’s fashion house likely made Ford a billionaire. On Tuesday, the cosmetics conglomerate revealed that it would be …
Warren Buffett Invested $4 billion in The Taiwanese Semiconductor Manufacturing Firm TSMC (His Stock Picks)
After Warren Buffett’s Berkshire Hathaway announced Tuesday that it had acquired a $4.1 billion investment in one of the world’s leading chipmakers, shares of Taiwan …
EV Company Faraday Future Inks an Agreement to Raise up to $350 Million
On Monday, electric vehicle startup Faraday Future Intelligent Electric announced it has inked a contract to raise up to $350 million in preparation for the …
Hopper Travel App Raised $96M From Capital One to Expand Social Commerce Features
Apparently, the recession hasn’t slowed down investors’ enthusiasm for the tourism sector. Online travel agency Hopper has raised a total of $740 million, including an …
Apple Stock Price Increased by Over $191 Billion in a Single Day
Apple stock has regained its position as the most valuable corporation in the world after Saudi Aramco briefly surpassed it earlier in the year. The …
Lordstown Motors Revealed a New Partnership with Foxconn Ventures
Lordstown Motors Corporation and Foxconn Ventures have announced a new deal. In exchange for equity, Foxconn will spend up to $170 million on Lordstown Motors. …
Will Elon Musk Ban Joe Biden From Twitter?
Biden says Elon Musk’s connections to other countries ‘worthy of being looked at’ President Joe Biden was asked if he thought the new Twitter Complaint …
With $40M Funding, AutoLeadStar is Able to Develop its D2C Marketing Platform
AutoLeadStar, a Jerusalem-based startup that has developed a digital consumer data and experience platform for the automobile sector, announced on Monday the completion of a …
AMC is Transforming Cinemas into Zoom Rooms for Large-Screen Videoconferencing
AMC is collaborating with Zoom to transform a few of its movie theaters into large videoconferencing rooms that can accommodate 75 to 150 people for …
Los Angeles’ Third Quarter Saw a Tiny Uptick in Venture Deals, But Investors Are Still Cautious.
Los Angeles is slowly recovering from a prior quarter drop but is still far off from the record-breaking year it saw in 2021, while the …
Fast Forward Venture Studio to Scale African startups.
One of the most well-known serial founders in Nigeria, Opeyemi Awoyemi, is currently working on the launch of a new company. This time around, it’s …
Zero-Hash Partnering With Current Teams Offering Free Crypto Trades
Through its new partnership with Zero Hash, a crypto-as-a-service infrastructure provider, the FinTech Current is letting its more than 4 million members trade cryptocurrency for …
eBay(NASDAQ: EBAY) Wants to Attract Young Shoppers by Selling Luxury Items Again
eBay is going back to its roots after years of losing its battle with Amazon. In an interview with the Financial Times on Friday, Oct. …
This Startup is Reinventing Egg Donation
Cofertility’s founders are attempting to build a new model for egg donation while also making egg freezing more accessible. Kristen’s workplace did not provide fertility …
GM Invested in Mushroom-Leather Startup MycoWorks
The venture capital arm of General Motors, GM Ventures has invested in a California firm that produces faux leather from mushrooms. MycoWorks produces the material …