• Facebook’s decision-review body to take “weeks” longer over Trump ban call
    by Natasha Lomas on April 16, 2021 at 2:55 pm

    Facebook’s self-styled and handpicked ‘Oversight Board’ will make a decision on whether or not to overturn an indefinite suspension of the account of former president Donald Trump within “weeks”, it said in a brief update statement on the matter today. The high profile case appears to have attracted major public interest, with the FOB tweeting

  • The IPO market is sending us mixed messages
    by Alex Wilhelm on April 16, 2021 at 2:49 pm

    If you only stayed up to date with the Coinbase direct listing this week, you’re forgiven. It was, after all, one heck of a flotation. But underneath the cryptocurrency exchange’s public debut, other IPO news that matters did happen this week. And the news adds up to a somewhat muddled picture of the current IPO

  • GM’s second $2.3B battery plant with LG Chem to open in late 2023
    by Kirsten Korosec on April 16, 2021 at 2:33 pm

    GM and LG Chem announced Friday plans to build a second U.S. battery cell factory — a $2.3 billion facility in Spring Hill, Tennessee that will supply the automaker with the cells needed for the 30 electric vehicle models it plans to launch by mid decade. Construction on the plant, which is located next to

  • What we all missed in UiPath’s latest IPO filing
    by Alex Wilhelm on April 16, 2021 at 2:10 pm

    Robotic process automation platform UiPath filed its first S-1/A this week, setting an initial price range for its shares. The numbers were impressive, if slightly disappointing because what UiPath indicated in terms of its potential IPO value was a lower valuation than it earned during its final private fundraising. It’s hard to say that a company

  • Level raises $27M from Khosla, Lightspeed ‘to rebuild insurance from the ground up’
    by Mary Ann Azevedo on April 16, 2021 at 2:10 pm

    Level, a startup that aims to give companies a more flexible way to offer benefits to employees, has raised $27 million in a Series A funding round led by Khosla Ventures and Lightspeed Venture Partners. Operator Collective and leading angels also participated in the financing, along with previous backers First Round Capital and Homebrew. The

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