Wework Meltdown Hasn't Changed Grab's Plans, Co-founder Says - Nikkei Asian Review
SINGAPORE -- The co-founder of Grab, which has become one of Southeast Asia's most valuable tech startups in just seven years, says the group's ride-hailing and payment business can help society while making financial sense. Tan Hooi Ling stressed that the ideas of a "path to profitability" and "sound unit economics" -- phrases often heard in the valuation debate over U.S. tech groups like Uber Technologies and WeWork -- are "not new" to Grab.
Bill Gates Overtakes Jeff Bezos As World's Richest Person
The two-way race for which white tech man has the most unfathomable amount of money seesawed again on Friday. Jeff Bezos has led the pack for most of 2019 as the richest rich guy, with about $110 billion in the bank. Nipping at his sumptuously adorned heels has been Bill Gates, a grandfatherly-seeming nice guy philanthropist who was also known as a "ruthless schemer" in his heyday as Microsoft CEO. Gates' fortunate has hovered around a paltry $107 billion. But lo, the tables have turned!
Payments Software Firm Bill.com Is Planning To Raise $100M Via An Ipo
Payments Software Firm Bill.com Is Planning to Raise $100 Million via an IPO Crowdfund Insider. : Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder Rene Lacerte, Bill.com provides cloud-based business payments and offers a software platform that's designed specifically for the SMB market. Bill.com's clients include Gusto, Thumbtack, Dialpad, and several accounting companies. The California-headquartered firm has raised around $347 million since its launch.
Hot Property Newsletter: The Luxury Real Estate Market Changes With The Calendar - Los Angeles Times
Properties owned by "American Idol" creator Simon Fuller, Los Angeles Clippers head coach Doc Rivers and the estate of novelist Sue Grafton are all back on the market at reduced prices.
Wealth Tax, Paid Family Leave, Minimum Wage: Where 2020 Democrats Stand
With the stock market at an all-time high, the debate about wealth accumulation and inequality has become a top issue in the 2020 campaign.
Uaw Gm Strike Hits Customers As Repair Parts Only Trickle To Dealers
GM dealers reports dozens of customers are growing increasingly impatient as repair parts still remain back ordered due to the UAW strike.
Bill Gates Is Worth $110 Bn, Tops Jeff Bezos As World's Richest Person | Business Standard News
Bill Gates may have been helped in part by the Pentagon's decision to award a $10 billion cloud-computing contract to Microsoft.
How Bill Gates Managed To Dethrone Jeff Bezos From The World's Richest Person Spot
Microsoft share price has risen 48% this year, boosting the value of Gates' 1% stake in the IT firm. : Microsoft Corp co-founder Bill Gates has regained his status as the world's richest person for the first time in two years surpassing Amazon CEO Jeff Bezos, according to the Bloomberg Billionaires Index. Gates' rise to the top spot may have come after Pentagon awarded on October 25 a $10 billion cloud-computing contract to Microsoft over Amazon. Since then, Microsoft shares have climbed 4%, resulting in a $110 billion fortune to Gates, according to the Bloomberg Billionaires Index.
Dow Surges Despite Hedge Fund Billionaire Ray Dalio's Dire Warning
The Dow Jones rallied nearly 200 points on trade war hopes, despite billionaire hedge fund manager Ray Dalio's fears of a devastating capital war. | Source: REUTERS / Thomas Peter The Dow Jones rallied once again on hopes of progress in the trade war, as Wilbur Ross and Larry Kudlow both suggested that a deal was getting very close. Given that the stock market has rallied over and over again on similar news, it remains to be seen how durable this rally in the Dow will be as economic data continues to trend lower.
Funding Galore: Indian Startup Funding Of The Week
We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week! In one of the...