April 02, 2023
Report: Instacart Ups Internal Valuation by $2 Billion After Series...
Instacart has reportedly raised its internal valuation after cutting it several times. The privately held delivery firm hiked its internal price 18% in late February, The Information reported Sunday (April...
April 02, 2023
Block Stock Bounces Back After Refuting Hindenburg Report Findings
Block’s stock recovered late last week after it issued a detailed response to a short seller’s negative report. On March 23, Hindenburg Research published a report accusing the payments company...
March 31, 2023
Hooters CEO: Rise of Fast-Casual Has Transformed the Restaurant Industry
In Hooters’ four-decade history, the rise of off-premise has marked the industry’s most dramatic shift. The casual dining brand, which has more than 370 locations across the United States and...
March 30, 2023
FinTech IPO Index Gets 1.7% Boost on OppFi, Huize Earnings
One day left in the quarter. And then earnings season begins again in just a few short weeks. But even over the last several days, as March draws to a...
March 30, 2023
BNPL’s Low Profitability May Not Matter for Apple
At first glance, Apple’s announcement of its Pay Later program, starting with select users before expanding in the coming months, seems to make little sense. After all, the FinTech-led buy...
March 30, 2023
Report: Alibaba Preparing IPO for $20 Billion Logistics Unit
China’s Alibaba Group is reportedly planning to take its logistics business public. The tech giant is in discussions with banks for an initial public offering (IPO) for its Cainiao Smart...
March 30, 2023
Crypto Wallet Manufacturer Ledger Reportedly Valued at $1.4 Billion
Cryptocurrency wallet manufacturer Ledger has announced its Series C extension fundraising round. The firm offers hardware wallets that store crypto users’ private keys in a secure device, isolating the keys...
March 30, 2023
H&M Says Tech Investments Helped Sales Climb 12%
Clothing retailer H&M saw sales rise in its latest quarter, while also posting a surprise profit. The Swedish fast-fashion chain announced in a Thursday (March 30) earnings release that its...
March 29, 2023
Alibaba’s Split Signals Shift in China Big Tech Approach, or...
In an ambitious and far reaching move, China is signaling a new approach to Big Tech. And by extension, entrepreneurship and innovation will blossom. Split six ways, you might say...