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Cryptocurrency Markets Reel Following FTX Collapse 

November 11, 2022

Volatility in the cryptocurrency markets is nothing new. In May, markets suffered a $2 trillion crash, and have slowly recovered. But news that the world’s second largest crypto exchange was on the…

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Hiring Freezes and Workforce Cuts Hit Tech Companies Hard 

November 4, 2022

Several prominent technology companies have announced either hiring freezes or significant cuts in workforce this week, as the industry continues to grapple with difficult economic conditions.  Social media giant is said to…

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Microsoft and Alphabet Report Disappointing Q3 Earnings

October 26, 2022

Tech giants Alphabet and Microsoft both posted disappointing third quarter earnings reports this week, proof that even the largest companies in the sector are not immune to the current global economic strife. …

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Porsche Shares Rise After IPO 

September 29, 2022

Porsche made its stock market debut on Thursday, in one of Europe’s biggest ever public offerings. The IPO, which values the automaker at around 75 billion euros, appears to have been a…

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Interpol Issues Arrest Notice for Crypto Founder 

September 27, 2022

Interpol has issued a “red notice” for Do Kwon, the founder of the failed cryptocurrency Terra.  The red notice means Interpol has asked law enforcement agencies around the world to find and…

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Porsche to Go Ahead with IPO 

September 6, 2022

The iconic automaker Porsche is to go public in the next few weeks, despite turbulent economic conditions putting off other major deals.  Volkswagen first contemplated spinning off Porsche in February, just before…

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Snap cuts 20% of Workforce in Restructuring Effort 

September 1, 2022

Snap, the maker of the messaging app Snapchat, will cut a fifth of its workforce and scrap a host of new projects, as the company looks to recover from a year of…

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Musk Subpoenas Twitter Whistleblower in Latest Bid to Nullify Takeover Deal 

August 30, 2022

Elon Musk has subpoenaed the Twitter whistleblower who last week accused the company of poor security practices, as he continues to fight to withdraw from his $$44 billion agreement to buy the…

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Adam Neumann Secures $350m for Residential Real Estate Venture 

August 16, 2022

Andreessen Horowitz has confirmed its largest individual investment ever, writing a check of $350 million to Flow, the residential real estate company led by Adam Neumann, the controversial founder of WeWork.  Neumann’s…

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Rivian Announces Production Ramp Up, $1.7 billion loss 

August 12, 2022

Rivian, the electric vehicle manufacturer which went public in the biggest IPO of last year, has reaffirmed its expectation to deliver 25,000 vehicles this year, as it posted a giant loss in…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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