Delivery company DoorDash is announcing that it has raised $400 million in Series F financing. Earlier this month, The Wall Street Journal reported that the company was looking to raise $500 million at a valuation of $6 billion or more. In fact, DoorDash now says the funding came at a $7.1 billion valuation. The round was led by Temasek and Dragoneer Investment Group, with participation from previous investors Softbank Vision Fund, DST Global, Coatue Management, GIC, Sequoia [...]
Thu, Feb 21, 2019, Continue reading at the source
Two of the prime minister's chief opponents have joined forces to counter the move. [...]
Thu, Feb 21, 2019, Continue reading at the source
Visual search engine Pinterest has joined a long list of high-flying technology companies planning to go public in 2019. The business has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, according to a report from The Wall Street Journal. Pinterest declined to comment. Founded in 2008 by Ben Silbermann, earlier reports indicated the company was planning to debut on the stock market in April. In [...]
Thu, Feb 21, 2019, Continue reading at the source
Google is finally ending forced arbitration for its employees. These changes will go into effect for both current and future Google employees on March 21. While Google won't reopen settled claims, current employees can litigate past claims starting March 21. For the contractors Google works with directly, it will remove mandatory arbitration from their contracts. The caveat, however, is that it won't require outside firms that employe contractors to do the same. Still, Google says it [...]
Thu, Feb 21, 2019, Continue reading at the source
Twitter's new prototype testing program isn't the only way it's working to fix conversations on its site. The company confirmed it's currently running another public-facing test focused on making Twitter “more conversational” — but this time with Retweets instead of Replies. The test involves using a thin line to connect a quote-style retweet to the person commenting on the tweet, instead of placing the quoted tweet in a box as before. Here are some visual [...]
Thu, Feb 21, 2019, Continue reading at the source
Stephane Levy got his start in the days of Silicon Alley almost two decades ago, and built up his practice with New York startups and beyond through all the ups and downs since then. Today, as a partner at Cooley LLP, he works with a wide range of companies, from company formation, seed and later stage rounds, all the way through to M&A transactions and IPOs. He also teaches at Cornell University Law School as [...]
Thu, Feb 21, 2019, Continue reading at the source
Reggie Fils-Aime is retiring after more than a decade spent as president of Nintendo of America. His career spanned many console generations, starting with the troubled Gamecube and ending with the fabulously successful Switch. Reggie will be succeeded by Doug Bowser, who has worked under him for the last four years. In a statement provided by Nintendo, Reggie (who frequently went by his first name in familiar fashion) offered the following farewell: Nintendo owns a [...]
Thu, Feb 21, 2019, Continue reading at the source
About 20 years ago, a medical device startup called Intuitive Surgical debuted the da Vinci robot and changed surgical practices in operating rooms across the United States. The da Vinci ushered in the first age of robotic-assisted surgical procedures with a promise of greater accuracy and quicker recovery times for patients undergoing certain laparoscopic surgeries. For a time, it was largely alone in the market. It has skyrocketed in value since 2000, when the stock first [...]
Thu, Feb 21, 2019, Continue reading at the source
Consumer Reports has placed the Tesla Model 3 into that fun-to-drive, terribly unreliable category where brands like Alfa Romeo, Land Rover and Masterati also live. Consumer Reports, which has a complicated relationship with Tesla, says it can no longer recommend the Model 3 because issues with the paint, trim and body hardware raises reliability questions. CR members reported the results in an annual reliability survey that includes data on about 470,000 vehicles. The report caused [...]
Thu, Feb 21, 2019, Continue reading at the source
A new version of “The Twilight Zone,” hosted and executive produced by “Get Out” director Jordan Peele, is set to premiere on CBS All Access on April 1. CBS aired a teaser during the Super Bowl, but it didn't include any actual footage. So this is the first time we're getting a real taste of what the show will be like. This trailer is still pretty fast-paced, not going in-depth on any of the stories. Basically, [...]
Thu, Feb 21, 2019, Continue reading at the source