Following news that Snap Chief Executive Evan Spiegel unveiled new strategic goals and acknowledged shortcomings with a recent design of its app in a memo, the social media company’s shares fell by 0.7 percent on Friday (October 5). The most recent decline comes as the...
To help get its messaging service before more doctors, a messaging app geared toward medical professionals has notched €4.5 million in funding. The service, which is called Siilo, lets this audience collaborate on patient care through a messaging app that is encrypted, according to reports....
Honda Motor Co. and General Motors have struck a deal in which Honda will invest $750 million in GM’s self-driving car unit and will commit as much as $2 billion in additional funding in the next few years. According to a report in The Wall...
Finance app Truebill announced it has raised $5 million in Series A funding and launched a variety of new capabilities. Investors in the funding round include Cota Capital, Social Capital, Day One Ventures, David Marcus (head of blockchain at Facebook and former president of PayPal),...
Foursquare has announced a $33 million round of equity funding co-led by strategic investors Simon Ventures and Naver Corp. and by Union Square Ventures. The first close of $25 million in venture funding happened last week, while the secondary close of at least $8 million...
Coinbase, the cryptocurrency exchange operator, is nearing a deal that would give it a valuation of around $8 billion, reported Recode. The report, citing people familiar with the matter, reported that Coinbase is in discussions with Tiger Global and existing shareholders for an investment as high as $500 million....
You know the acronym. IPO. Stands for Initial Public Offering. Or maybe it could stand for “It’s Profitable…Or not.” It doesn’t seem to matter, at least on Wall Street these days. As The Wall Street Journal reported on Tuesday (Oct. 2), as far as new...
Fidelity Investments, the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. According to a report in CNBC citing Fidelity, billions of dollars are going toward Fidelity blockchain, Fidelity AI and Fidelity VR. Executives told...
Cargo, the startup that provides in-car commerce for the rideshare economy, announced on Thursday (Sept. 27) that it has raised $22 million in venture funding. In a press release, Cargo said the $22 million in Series A venture financing was led by Founders Fund. Other investors...
