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10 Monday AM Reads

Barry Ritholtz

Venture-capital investments are plunging, along with valuations of prepublic companies. Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. A Wealth of Common Sense ) • On Wall St.,

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Uber Updates App With Public Transit Options

PYMNTS

The rideshare giant has partnered with the Regional Transportation District (RTD) so that users in Denver can find real-time information and directions to local public transportation via the Uber app. The company added that its riders will soon be able to purchase and use RTD tickets through the Uber app. billion by 2019.

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Grab Continues Asian Expansion With Foray Into Vietnam

PYMNTS

Ride-hailing company Grab , which recently announced a $2 billion expansion plan in Indonesia, said it was going to invest “several hundred million dollars” in Vietnam, according to a report by Reuters. Grab is also SE Asia’s biggest startup, and it has a valuation of around $14 billion.

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2022 Is a Pivotal Year For CFOs

The Finance Weekly

Raising salaries, more flexibility, and upskilling are a few of the options, and some companies are even doing biannual valuations and pay raises, something unheard of only a few years ago. 2022 is the year for CFOs to switch from survival mode to long term planning, and there is no doubt that financial automation is crucial in this process.

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SCA Readiness Fizzles In Face Of September Deadline

PYMNTS

Certainly so, if a significant number of transactions are denied in the wake of the Strong Customer Authentication (SCA) debut in September. Chewy valuation: Pets are big business, with a mastiff-sized initial public offering (IPO) looming. PetSmart aims to take its online venture public at a valuation of around $7 billion.

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Lyft Vies With Uber For IPO, Uses Growth To Draw Investors

PYMNTS

Since 2017, it has also tripled the number of cities it serves in America and Canada, to 600. The advantage of Lyft getting there first is that it won’t be judged based on the valuation of Uber, which is a much bigger company. The company faces pressure as it is in a race with Uber to reach an IPO.

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Russia’s Yandex To Expand Into European Car-Sharing Market

PYMNTS

Yandex, a Russian technology giant and car-sharing company, plans to expand its car-sharing offerings into Europe as other companies in the space retreat, according to a report by the Financial Times. Some analysts, including those at UBS, expect Yandex , which has a valuation of $600M, to double its revenues by the end of the year.