Fisker (FSR) unloaded a cache of bad news during its Q4 earnings report yesterday, shaking investors and Wall Street analysts. Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has “substantial doubt about its ability to continue as a going concern” when the company files its official financial statements for 2023. Fisker also said it would reduce its headcount by 15%. Fisker said it had $396 million in cash at the end of… Source link
Read More »Betastore gets $2.5M to solve stock-outs, financing challenges for informal retailers in West and Central Africa
About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings, and a lack of attractiveness to financiers. These challenges befall millions of micro-retailers across the continent, and Betastore, a B2B retail marketplace for informal retailers, is working to resolve in Nigeria, Ivory Coast and Senegal. The Betastore marketplace enables informal traders to source fast… Source link
Read More »Twitter is reportedly reconsidering Elon Musk’s bid to buy the social media company after the Tesla CEO confirmed $46.5 billion in financing
Yichuan Cao/NurPhoto via Getty Images Twitter officials are expected to meet Sunday to re-examine Musk’s offer to buy the company, WSJ reported. The company last week filed a shareholder rights plan or “poison pill” to prevent a hostile takeover by Musk. The Tesla CEO confirmed $46.5 billion in financing from banks and other entities in a regulatory filing earlier this week. Twitter is reportedly reconsidering Elon Musk’s bid to purchase the social platform, The Wall Street Journal… Source link
Read More »Yahoo Sports’ Apollo Global Interested in Financing Twitter Buyout
AHL’s San Diego Gulls to Debut Facial Ticketing and Concession Payments By Andrew Cohen April 20, 2022 The American Hockey League’s San Diego Gulls will debut facial recognition ticket admission and concession payments for tonight’s game against the Abbotsford Canucks at Pechanga Arena in San Diego. The deployment is the first of its kind through a partnership between facial verification company PopID and ASM Global, which operates more than 300 sports and entertainment… Source link
Read More »We don’t do ‘debt-trap financing’
The competition to finance infrastructure projects and expand global influence between the U.S. and China is taking on a new dimension as countries address adverse effects of climate change. The U.S. International Development Finance Corporation (DFC) has repeatedly stressed that the U.S. efforts are markedly different from China’s Belt and Road Initiative (BRI). “The DFC is very affirmatively seeking to provide an alternative to the type of financing that China provides through its Belt and… Source link
Read More »Downtown San Jose affordable homes complex gets Google financing
SAN JOSE — A large residential complex that’s being developed in downtown San Jose near Google’s proposed transit village has landed some key financing from a unit of the tech titan. McEvoy Apartments, a complex that’s being developed in downtown San Jose by First Community Housing, has obtained a loan from Google Endeavor LLC, a subsidiary of Google, property documents that were filed on Oct. 27 show. The development is expected to consist of 365 residential units and will be… Source link
Read More »