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Business News

Location American Business News for 8 December 2020
Linear, a project management tool and issue tracker for software development teams, has raised $13 million in a series A round of funding.
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Cathie Wood: Ahead of the Curve

Coin Desk - 8 Dec 2020 19:58
Described by Bloomberg as the "best investor you've never heard of," Cathie Wood has made a string of smart, future-facing bets, including a big stake in Bitcoin.
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Ultimate Gaming League and Antares Gaming have teamed up to launch esports events where professional gamers mix it up with former NFL stars.
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One of Amazon's newest cloud services, HealthLake, is a platform for storing and analyzing health care data.
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In a new study, researchers find that few adversarial techniques purporting to protect against surveillance AI have been thoroughly tested.
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Publicly Traded Tech Company Believes Formalizing Stakeholder Governance Will Bring Shareholder Success Veeva Systems, the publicly traded cloud-computing solutions company serving the global life sciences industry, announced it would explore conversion to a Public Benefit Corporation. The company believes it's the best wa...
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O'Hare, Midway aim to open COVID-19 testing sites next week as American Airlines widens access to at-home tests Chicagoans traveling to destinations with COVID-19 travel restrictions are getting more options to get tested before flying. Testing sites at O'Hare and Midway are expected to open before Christmas.
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Jesse Powell: Bitcoin Banker

Coin Desk - 8 Dec 2020 19:56
In 2011, Jesse Powell stored digital assets for online gamers. Now, his crypto exchange has created a bank for which he helped develop the rules.
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Google has opened up Fuchsia, its open-source operating system, to contributions from the public via mailing lists, patches, and commits.
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Skyflow, a privacy-focused API platform, has raised $17.5 million in a series A round of funding led by Canvas Ventures.
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Entrepreneur who died last month after a Connecticut fire, appeared to lose his way after giving up his day-to-day role at the online shoe retailer, which he sold to Amazon.com in 2009, in August.
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Games sales may set new records thanks to releases from Call of Duty and Assassin's Creed as well as major new games like Cyberpunk 2077.
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CodeSignal, a platform that helps recruiters screen engineering candidates through automated technical assessments, has raised $25 million.
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Sneaker site StockX seeking a $2.5 billion valuation

New York Post - 8 Dec 2020 02:19
Sneaker site StockX seeking a $2.5 billion valuation StockX -- a fast-growing Web destination for traders of hard-to-find sneakers -- is looking for a whopping $2.5 billion valuation as it prepares for a fresh round of private funding, The Post has learned. Sources estimat...
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Here's What You Need to Know About the Incoming Spark Airdrop to XRP Holders December 12 will see an airdop of 45 billion spark tokens at a 1:1 ratio to XRP holders by blockchain platform Flare Network, which is backed by Ripple's investment arm RippleX (formerly Xpring) - so let's take a look at...
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Lori Loughlin's Daughter Olivia Jade Gets A Lesson About Real White Privilege From Jada Pinkett Smith's Mom During A Very Candid 'Red Table Talk' During the frank discussion, Olivia Jade Giannulli admits that when the scandal broke she didn't understand why people were so upset. Now she says she gets it.
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Some McDonald's Franchisees Plan Higher Happy Meal Prices

Wall Street Journal - 8 Dec 2020 21:41
Some McDonald's Franchisees Plan Higher Happy Meal Prices The burger giant is raising fees and ending a rebate on the children's menu for U.S. restaurant operators.
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e.l.f. Cosmetics Becomes First Beauty Brand on Triller The brand behind a groundbreaking TikTok jingle that evolved into a hit song, e.l.f. Cosmetics, looked to break more ground Tuesday with the release of five-track holiday album e.l.f. the Hauls, as well as becoming the f...
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DoorDash's New Valuation Is Even More Ridiculous Making an overpriced IPO more expensive only creates more downside risk for investors.
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S&P 500 Valuation Remains Over Its Skis

Forbes - 8 Dec 2020 16:05
S&P 500 Valuation Remains Over Its Skis Investors clearly expect the COVID-19-induced economic dip to end soon and earnings to reach new highs in the near future.
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Peloton Stock: Is Peloton A Fad?

Forbes - 8 Dec 2020 15:30
Peloton Stock: Is Peloton A Fad? Connected fitness company Peloton's (NASDAQ: PTON) stock is up almost 4x this year, trading at levels of about $115 or about 8x projected FY'21 Revenues. Peloton's recent growth partly justifies these valuations - it has...
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Goya Foods CEO says Rep. Ocasio-Cortez was named 'employee of the month' after boycott Goya Foods CEO Bob Unanue said Ocasio-Cortez "was actually our employee of the month" following the boycott due to an increase in sales.       
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