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Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more

CFO News Room

related investing news. It missed top and bottom line expectations when reporting quarterly results, but announced an agreement with the investment firm H Partners that raised the cap on the firm’s stake to 19.9% AstraZeneca – The pharmaceutical company added 6.6% Coinbase – The cryptocurrency exchange was up 10.7%

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Musings on Markets: META Lesson 3: Tell me a story!

CFO News Room

In fact, I concluded the post by arguing that investors in Facebook were pricing in their belief that the billions of dollars the company had invested in the Metaverse would be wasted, and argued that Facebook faced some of the blame, for not telling a compelling story to back the investment.

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Musings on Markets: META Lesson 2: Accounting Inconsistencies and Consequences

CFO News Room

In my last post, I used Facebook’s recent troubles to talk about the importance of corporate governance, and how we, as investors, have abandoned the power to change management at many younger tech companies in return for being able to invest in young tech companies, with growth potential and well-regarded founders.

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Apple’s Long Strange Trip to A $2T Valuation

PYMNTS

Apple is on the cusp of a stock market first — becoming the first public company in history to capture a $2 trillion valuation. More than a 20 years later, the company is spitting distance from a $2 trillion valuation. So, will Apple make it to a $2 trillion valuation? Apple stock is trading at about $446 as of Tuesday (Aug.

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META Lesson 3: Tell me a story!

Musings on Markets

In fact, I concluded the post by arguing that investors in Facebook were pricing in their belief that the billions of dollars the company had invested in the Metaverse would be wasted, and argued that Facebook faced some of the blame, for not telling a compelling story to back the investment.

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Delivery App Glovo Notches $166M To Expand Development Team

PYMNTS

In a Series E round headed up by Abu Dhabi’s Mubadala state investment company, Spain’s on-demand delivery app Glovo has notched €150 million ($166 million) in funding. The startup, which is based in Barcelona, says the newest funding has put its valuation beyond a billion dollars, making it one of the rare Spanish “ unicorns.”

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SoftBank Expected To Sink $1B Into LATAM Delivery App

PYMNTS

SoftBank is set to make a $1 billion investment in Latin American delivery app Rappi. Citing sources familiar with the matter, Bloomberg reported that the investment will probably be led by the newly formed Innovation Fund, which was launched by SoftBank Chief Operating Officer Marcelo Claure for technology investments in Latin America.