jpmorgan News of 05/28/20
US Stocks Open Lower, Erasing Recent Gains And Plunging Shares Deeper Into Bear Territory
The rollercoaster ride of equity markets continues as all of the major stock indexes opened sharply lower one day after President Donald Trump announced the intention to push through a sweeping aid package — including the potential for a direct ...
Honeywell Says It Will Soon Launch The World’S Most Powerful Quantum Computer
“The best-kept secret in quantum computing.” That’s what Cambridge Quantum Computing (CQC) CEO Ilyas Khan called Honeywell ‘s efforts in building the world’s most powerful quantum computer. In a race where most of the ...
Goldman Sachs’S CEO Just Called WeWork’S Pulled IPO — Which Goldman Was Underwriting — Proof That The Market Works
It’s hard to put a positive spin on terrible situation, but that didn’t stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork’s yanked IPO in September, ...
Report: SoftBank Is Taking Control Of WeWork At An ~$8b Valuation
WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports . SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 ...
Airbnb’S WeWork Problem
Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future ...
Arianna Huffington’S Thrive Global Is Buying A Startup That Uses Neuroscience To Boost App Usage
When Arianna Huffington stepped down from her role at the Huffington Post to start Thrive Global, she said the goal of her new business was to help a generation “avoid the burnout that all too often comes with success today.” In ...
Report: WeWork Expected To Cut 500 Tech Roles
The WeWork saga continues this week with new reports the company may slash as many as 500 tech roles. The co-working business, whose eccentric co-founder and chief executive officer Adam Neumann stepped down two weeks ago, is expected to let go ...
Readying An IPO, Postmates Secures $225m From Private Equity Firm GPI Capital
Postmates , the popular food delivery service, has raised another $225 million at a valuation of $2.4 billion ahead of an imminent initial public offering, the company confirmed to TechCrunch on Thursday. Private equity firm GPI Capital has led the ...
Movius Raises $45m For Its Business Communications Service
Atlanta-based Movius , a company that allows companies to assign a separate business number for voice calls and texting to any phone, today announced that it has raised a $45 million Series D round led by JPMorgan Chase, with participation from ...
Lyft Unveils Its S-1 And Nearly $1b In 2018 Losses
The day has finally come. U.S. ridehailing giant Lyft has unveiled its S-1 , the official document required by the Securities and Exchange Commission to go public. The San Francisco-headquartered business will debut on the Nasdaq stock exchange ...
2019 Looks To Continue Another Lights Out Year For Fintech Startups
Dana Stalder Contributor Dana Stalder is a general partner at Matrix Partners and invests in fintech, consumer marketplaces and enterprise software. More posts by this contributor Financial technology startups ...