Pet Supply Company Chewy Sold to PetSmart for $3.35 Billion
PetSmart has made just made a big move towards dominating the pet supply space by acquiring Miami based Chewy.com.
Chewy, an online pet supply company, became operational in 2011 and has been in business for half a [..]
Lyft Lands $600 Million in New Funding at a $7.5 Billion Valuation
Last Tuesday, Lyft announced on their official blog that they have raised more than $600 million from new funding. It has achieved an impressive post money valuation of $7.5 billion. There have been recent reports which have [..]
Robinhood Stock Trading App Now Valued at $1.3 billion
Robinhood, the no fee stock trading app for Android and iPhone, recently completed a round of fundraising that will enable it to compete with brokerage firms that charge up to $10 per trade. According to TechCrunch.com, [..]
Instagram Again Mimics ANOTHER Snapchat Feature By Adding Geostickers to Stories
Instagram has taken users’ experience a notch higher by implementing updates to its stories feature. It has recently embraced the use of geostickers which is a Snapchat invention. The company has shed more light on the [..]
Snapchap Reportedly Plans to List on NYSE
Snap Inc, has announced plans to list its highly anticipated IPO on the New York Stock Exchange. Technically, Snap Inc already filed for IPO secretly in Nov 2015 with NYSE but this will be the first time the public will vies [..]
Airbus Announces Flying Car Prototype By End of 2017
Road congestion is set to become a thing of the past if recent pronouncements by Airbus Group are anything to go by.
According to Reuters, Airbus Group CEO Tom Enders has announced that the company intends to have a [..]
Apple Cuts Tim Cook’s Pay By 15% for Missing Sales Goals. Here’s How Much He Makes Now
Apple has cut its CEO, Tim Cook’s salary by 15 percent following a decline in its annual sales. The iPhone maker penalized Tim Cook for the company missing its target which led to its first revenue slump in 15 years.
Uber Loses $ 800 Million in the 3rd Quarter, But Revenue Is Up
Even though Uber Technologies Incorporated exited from the Chinese market, its financial losses remain mind-boggling. Are you aware that the company has lost at least $2.2 billion in the first 9 months of the Financial Year [..]