Pinterest, Worth Buying?
Founded in March 2010 by Ben Silbermann, Evan Sharp, and Paul Sciarra, Pinterest has grown to become what it describes as “the world’s catalog of ideas.” As of June 2021, the platform had over 454 million users worldwide.
Go Deeper (9 min read)MongoDB Shines
Founded in 2007, MongoDB has now become the most valuable open-source company. Through this model, the company puts its code available for free to third parties who then build their own solutions around the existing code.
Go Deeper (1 min read)Sea Limited, the e-commerce, gaming and fintech company is looking to raise $6.3B in a share and convertible bond sale in what would be Southeast Asia's largest ever capital raising. This fresh capital intake would help the company unlock new markets and fund acquisitions.
Go Deeper (2 min read)Yandex Takes Over Uber's Stake
Yandex took over Uber's stake in its self-driving group and its interests in Yandex.Eats, Yandex.Lavka and Yandex.Delivery. It spent $ 1B on it and gave the Russian company 100% ownership over these four business segments.
Go Deeper (2 min read)Synopsys, Silicon Champion
Founded back in 1986, Synopsis has grown to become a leader in innovation and technology. It is at the forefront of powering digital innovation by developing advanced silicon chips paired with software.
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Roblox Acquires Guilded
Roblox announced Monday that it acquired Guilded, a company building a chat platform for gamers. While Discord has grown beyond the competitive gaming world, Guilded has stayed focussed on it and added features such as events planning and calendars.
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SoFi Plunges, A Buying Opportunity?
SoFi Technologies reported a net loss of $ 165m, down from last year's profit of $ 7.8m. However, adjusted net revenue grew 74% year over year as member growth accelerated to 113%.
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The Tech Boom Is Over?
Despite reporting stellar results for the second quarter, many tech companies were punished by investors for their more cautious forecasts. Major lockdown-winners are now warning that growth going forward might be pressured as consumers get back to their pre-pandemic lives.
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Naked Raises Fresh Cash From Naspers
South African insurtech startup, Naked, has raised $ 11m from Naspers. The platform was founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North.
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Fortinet, Cybersecurity Leader
Founded back in 2000 by Ken Xie and Michael Xie, and headquartered in Sunnyvale, California, Fortinet (NASDAQ: FTNT) has grown to become one of the largest automated cybersecurity solutions providers globally.
Go Deeper (7 min read)
Higher Interest Rates? Bullard Says "Yes"
St. Louis Federal Reserve Bank President James Bullard thinks that the pandemic may have pushed the U.S. into an era of stronger growth and higher productivity. In contrast with the last decade of low growth, low productivity and low inflation.
Go Deeper (2 min read)
