PayPal's $ 45B Bid For Pinterest
PayPal Holdings has made an offer to purchase digital pinboard site Pinterest Inc for $45 billion, a combination that may presage additional financial technology and social media mergers in e-commerce.
Go Deeper (3 min read)Futu And Tiger Brokers Under Pressure
Futu Holding and UP Fintech Holding (the company behind Tiger Brokers), both U.S.-listed Chinese online brokerages, face regulatory concerns when China's new personal data privacy law takes effect on November 1, according to an analysis on the People's Daily website.
Go Deeper (2 min read)All Eyes On India
Investors have been directing money into India's stock market, which Goldman Sachs predicts could rise to more than $5 trillion in three years, making it the world's fifth largest.
Go Deeper (3 min read)Meituan Hit With $ 534m Antitrust Fine
China's State Administration for Market Regulation (SAMR) announced on Friday that Meituan had abused its monopoly in the country's online food delivery market.
Go Deeper (2 min read)Twitter Sells MoPub To AppLovin For $ 1.05B
MoPub was purchased by Twitter for $350 million in 2013 and will be sold for $1.05 billion in cash. According to Twitter, MoPub helped the business generate $188 million in revenue last year. Twitter had previously stated that it wanted to double its yearly revenue by 2023.
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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.
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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.
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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.
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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.
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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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Fed Is Still Cautious
Powell said Friday that the U.S. economic recovery appears to be making progress, but warned that the Fed needs to be careful not to tighten its policy before enough Americans are able to jump back in the labour market.
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