August 21, 2023
Report: Triller’s User Count Doesn’t Match Intelligence Firm’s Estimates
Short-form video app Triller’s reported number of users doesn’t match the estimates of market intelligence firm Apptopia. While Triller reported 550 million lifetime sign-ups on its S-1 filing, Apptopia estimates the...
August 21, 2023
Boxed Acquired as Economic Shifts Shake Up Online Grocery
With rising food costs eating into merchants’ margins and changing how consumers shop, the return of Boxed is just the latest change in the quickly evolving eGrocery landscape. On Friday...
August 21, 2023
Sweetgreen Taps Chipotle Vets As It Moves Into Midwest
Sweetgreen has reportedly hired two former Chipotle executives to help with its Midwest expansion. Company officials told The Wall Street Journal Monday (Aug. 21) that it had named Michael Kotick, who had been Chipotle’s...
August 20, 2023
SoftBank’s Vision Fund Unit Acquires 25% Stake in Arm
SoftBank Group has taken control of Arm, the chip designer, in a deal worth $64 billion. SoftBank now owns 95% in the company, with its Vision Fund unit indirectly owning...
August 18, 2023
Will Instacart IPO Open the Door for Other eCommerce Platforms...
Where Instacart goes, the question follows: will other eCommerce platforms follow? At this writing, the online grocer is mulling a traditional initial public offering, and the details are slated to become...
August 18, 2023
Report: Instacart to Make IPO Plans Public in Coming Week
Online grocery marketplace Instacart is reportedly gearing up for an initial public offering (IPO) as early as September. The firm is anticipated to make its IPO plans public by filing with the...
August 18, 2023
Earnings Continue to Dominate as FinTech IPO Index Loses 2.8%...
The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. Katapult shares led to the downside through the past five sessions, with shares...
August 17, 2023
Goldman Sachs Boosts Compliance Department Amid Regulatory Scrutiny of Industry
Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. The Wall Street firm plans to enlist several hundred new...
August 17, 2023
Nubank’s Stock Dips After CEO Sells 3% of His Shares
Digital bank Nubank reportedly saw its shares dip after CEO David Velez sold a portion of his stake in the company. The stock fell by as much as 8.6% during...