Three big Silicon Valley venture capital firms want to invest in Telegram’s initial coin offering (ICO), The Financial Times reported. Kleiner Perkins Caufield & Byers, Benchmark and Sequoia Capital have each told the messaging startup that they want to invest $20 million, according to three individuals...
Baidu, the Chinese search engine company, is looking to raise money for its finance unit, Baidu Financial Services Group (FSG), and could secure as much as $2 billion. Citing people with knowledge of the matter, CNBC reported news that investors will either purchase shares of...
Cargo, the startup that allows ridesharing drivers to sell food and beverages inside their vehicle, just landed $5.5 million in venture capital funding. According to news from TechCrunch, the round of funding, which is being called “seed preferred financing,” will be added to the $1.75 million...
Did you know that mania is considered a mental illness? Google Dictionary defines it as a “mental illness marked by periods of great excitement, euphoria, delusions and overactivity.” Among its synonyms are “madness,” “insanity” and “lunacy.” We’ll let you decide how you come down on...
Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. Some are taking an alternate approach to speed up development or add new business lines: They’re simply investing in another company...
The Dow Jones Industrial Average and other stock indexes hit fresh highs on the heels of strong jobs data Thursday (Jan. 4). As reported by CNBC.com, the Dow hit more than 25,000, trading at 25,075.13, a new peak that caps the fastest 1,000-point rise in...
Auto asset-backed securities (ABS) hit a post-financial crisis high this year in the U.S., which could set up some trouble in the new year if the Federal Reserve raises interest rates and consumers struggle to pay back their auto loans. According to a report in Financial...
Theranos, the struggling blood testing company based in Silicon Valley, has landed a $100 million loan from Fortress Investment Group. Citing an email sent to shareholders by Elizabeth Holmes, the founder and chief executive officer of Theranos, The Wall Street Journal reported the loan is...
Need more evidence that the cryptocurrency craze is taking a page from the dotcom boom of the early 1990’s? Check out Long Island Iced Tea Corp., which saw its stock surge Thursday (Dec. 21) after changing its name to Long Blockchain Corp. According to Reuters,...
