Google-backed Planet Labs to go public in $2.8 bln SPAC deal

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri July 7 (Reuters) – Earth data and analytics company Planet Labs Inc, which is backed by Alphabet Inc’s (GOOGL.O) Google, will go public through a merger with a blank-check company in a deal valued at $2.8 billion, the companies said on Wednesday. Planet Labs will merge with dMY Technology Group Inc IV (DMYQ.N) and list on the New York Stock Exchange. The company, which… Source link

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Trump says he is suing Facebook, Google, Twitter, Dorsey, Zuckerberg, Pichai

Jaap Arriens | NurPhoto | Getty Images Former President Donald Trump said Wednesday he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai. Trump, who has a history of threatening legal action but not always following through, made the announcement at his golf club in Bedminster, New Jersey, at 11 a.m. ET alongside two leaders from America First Policy Institute, the pro-Trump nonprofit group that is supporting the… Source link

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Yandex (YNDX) Parters with GrubHub to Use Driverless Robots to Deliver Food on US College Campuses, Analyst Positive

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Yandex Self-Driving Group (NASDAQ: YNDX) announced Tuesday it reached a multi-year partnership with the delivery company Grubhub to expedite deliveries on college campuses in the United States. The idea is to use Yandex’s technology and its driverless robots to deliver food to students on college campuses. The US delivery firm, on the other hand, has a partnership with over 250 college campuses across the… Source link

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Apple and Google crowd out the competition with default apps

If you use an iPhone or Android phone, chances are the majority of your most-used apps were made by Apple and Google. That’s the takeaway from a new Comscore study that ranks the popularity of preinstalled iOS and Android apps, such as Apple’s Messages, alongside apps made by other developers. The results show that the majority of apps people use on their phones in the US come preinstalled by either Apple or Google. The first-of-its-kind report was commissioned by Facebook, one of… Source link

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Stock futures resume march higher

Stock futures gained after a mixed session on Tuesday, during which the S&P 500 and Dow each pulled back from record levels. Contracts on the S&P 500 rose by 0.2% with two hours until the opening bell. The index pulled back by the end of the regular session Tuesday, but this came following a notable run-up for the blue-chip index in recent weeks: It had closed at record highs at the end of each of the last seven sessions, and hit a record intraday high Tuesday morning.  The Dow also headed… Source link

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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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