Yearly Archives: 2021

UPDATE 2-Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln

(Adds valuation, background on company, sector)    July 7 (Reuters) – Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO), a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing.    The food sector has gained investor attention over the past few years, especially as fast-food chains and upscale restaurants create new menus to attract health- and… Source link

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Google Chat review: Terrible as Slack clone, but good as a consumer chat app

Enlarge / Google Chat, in just some of its many form factors. Google Chat officially launched for consumers recently, and that means the time has come to dive back into everyone’s favorite subject: Google messaging services! Google Chat is the latest in Google’s long and prodigious line of (usually) short-lived messaging applications, but this one is a bit more important than most of the others. While the “~2 years and under” club is packed… Source link

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The Fate of Ethereum Miners When There’s Nothing Left to Mine

This week, we continue the conversation about Ethereum miners and how they’re preparing for changes to the reward dynamics of the network. Also, we take a look at what other asset types are popularly used on decentralized finance (DeFi) applications beyond ether (ETH).  Welcome to another edition of Valid Points. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points… Source link

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Backed by Google, BlackRock, Benioff

A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group IV, which trades on the NYSE under ticker DMYQ. The deal gives the space company a $2.8 billion equity valuation and is expected to close in the fourth quarter, resulting in Planet listing… Source link

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Yandex Partners with Grubhub for Autonomous In-Campus Food Delivery

Yandex (YNDX) Self-Driving Group (SDG) is moving a step closer to commercializing its self-driving technology. The company has inked a partnership deal with online and mobile food ordering services, Grubhub (GRUB). The two are coming together to enable fast and affordable deliveries using robots in U.S. colleges. Yandex autonomous robots will be integrated into Grubhub’s food delivery platform for in-campus delivery as part of the partnership. The two are in the process of rolling out… Source link

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Inflation fears may be starting to pass: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, July 7, 2021 Pricing pressures stopped getting worse for the service sector last month If we wind back the clock to mid-May, the only idea it seemed investors wanted to discuss was inflation.  The argument from many economists and Federal Reserve officials — then and now — was that pricing pressures would prove “transitory,” or that… Source link

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Down $831 Billion, China Tech Firm Selloff May Be Far From Over

(Bloomberg) — China’s technology giants have seen a combined $823 billion wiped from their market value since a February peak, with Beijing’s expanding crackdown on the sector fueling investor concern that the selloff is far from over. Authorities on Tuesday issued a sweeping warning to the nation’s biggest companies, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc.’s contentious decision to go public in the U.S. That has put further… Source link

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Russia’s Yandex launches fleet of electric scooters in Moscow

MOSCOW (Reuters) – Russian tech giant Yandex will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a string of accidents. The service will be launched on the Yandex.Go app, the company’s one-stop-shop for ride-hailing, food delivery and… Source link

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Russia’s Yandex launches fleet of electric scooters in Moscow

A man rides his scooter through a fountain at Gorky Park in Moscow, Russia, July 9, 2018. REUTERS/Kai Pfaffenbach/Files MOSCOW, July 7 (Reuters) – Russian tech giant Yandex (YNDX.O) will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a… Source link

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