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Business · San FranciscoTwitter sued Elon Musk on Tuesday for violating the $44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share. The court will determine whether he remains on the hook for the purchase or whether Twitter violated its obligation to provide Mr. Musk with data he requested, entitling him to walk away.See the Story
Twitter sues Elon Musk to hold him to $44 billion merger
48% Center coverage: 151 sources
Business · SeattleOne Medical is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees. As of March, One Medical had about 767,000 members and 188 medical offices in 25 markets.See the Story
Amazon to Buy One Medical for $3.9 Billion
58% Center coverage: 80 sources
Business · San JoseRamesh “Sunny” Balwani, Elizabeth Holmes’ former partner, was convicted on 12 fraud counts in the Theranos blood-testing fraud case. A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.See the Story
Former Theranos exec Ramesh Balwani convicted of fraud
48% Center coverage: 83 sources
Latest News Stories
Business · BeijingChinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co (688688.SS) in an effort to move away from affiliate Alibaba Group Holding Ltd , the Wall Street Journal reported on Thursday.
See the Story
Jack Ma Plans to Cede Control of Ant Group
56% Center coverage: 16 sources
Business · San FranciscoPayment-tech firm Stripe has cut the internal value of its shares by 28%, the Wall Street Journal reported. The company told its an employees via email on Friday that the internal share price is ~$29 as of June 30. The lower valuation comes as publicly traded fintech stocks have dramatically dropped.See the Story
Stripe Cuts Internal Valuation By 28%
56% Center coverage: 9 sources
BusinessSoftBank Group Corp. is planning to cut at least 20% of staff at its loss-churning Vision Fund operation. The cuts will mostly be at its U.K., U.S. and China operations, which have the largest headcount. The Vision Fund unit had about 500 employees, including Latin America funds staff.See the Story
SoftBank to cut at least 20% of Vision Fund staff -BBG
50% Center coverage: 6 sources
NFTWeb3 startup Unstoppable Domains became the latest unicorn after a $65 million Series A led by Pantera Capital at a $1 billion valuation. The company offers NFT domains that give people control of their digital identity. Last year saw a record 109 companies reach unicorn status after an early-stage funding round.See the Story
Unstoppable Domains Hits Unicorn Status With $65M Series A
100% Center coverage: 4 sources
Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo
100% Center coverage: 3 sources
StartupsMedical device startup General Prognostics announced it raised $3.25 million in seed funding this week to launch a wearable monitoring device. It's one of several startups diving into remote patient monitoring (RPM), a rapidly growing industry. The sector saw a 240% increase in funding between 2020 and 2021.See the Story
Remote Patient Monitoring Could Solve Health Care’s Biggest Problems. So Why Hasn’t It?
AlibabaDragoneer, which counts companies such as Alibaba, Slack and Uber among its previous investments, significantly ramped up its investing pace in 2021. That year, the San Francisco-based firm took part in 80 different announced fundraisings, with those rounds totaling a whopping $28 billion. This year has presented a very different story. The firm has dramatically pulled back as the venture market has continued to slow every month.See the Story
