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Uber unveils IPO terms that are well below expectations

4 weeks ago DieselGasoil Comments Off on Uber unveils IPO terms that are well below expectations
(Reuters) – Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company as much as one-third below what the startup’s insiders had hoped for, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers Read More

Uber unveils IPO terms that temper expectations

4 weeks ago DieselGasoil Comments Off on Uber unveils IPO terms that temper expectations
(Reuters) – Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers told Uber last year it Read More

Uber sets terms for IPO, posts $1 billion first-quarter loss

4 weeks ago DieselGasoil Comments Off on Uber sets terms for IPO, posts $1 billion first-quarter loss
(Reuters) – Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, Read More

Iceland court orders Visa & Mastercard partner Valitor to pay $10mn over WikiLeaks banking block

4 weeks ago DieselGasoil Comments Off on Iceland court orders Visa & Mastercard partner Valitor to pay $10mn over WikiLeaks banking block
Valitor, a partner of Visa and Mastercard, must pay WikiLeaks US$10 million for refusing to lift its 2011 banking blockade against the whistleblowing site despite a court order, local media reports. The District Court of Reykjavik is ordering Valitor to fork over some $10 million (1.2 billion Icelandic krona) to WikiLeaks payment processor DataCell and Read More

PayPal to invest $500 million in Uber: Refinitiv IFR

4 weeks ago DieselGasoil Comments Off on PayPal to invest $500 million in Uber: Refinitiv IFR
FILE PHOTO: A pedestrian walks past the PayPal logo at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch (Reuters) – Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR Read More

Zuckerberg’s compensation doubled in 2018 after Facebook boosted his personal security

1 month ago DieselGasoil Comments Off on Zuckerberg’s compensation doubled in 2018 after Facebook boosted his personal security
Having Mark Zuckerberg as its CEO cost Facebook $22.6 million in 2018, with most of that money going towards personal protection for him and his family, a Securities and Exchange Commission filing has revealed. According to the document, Zuckerberg received total compensation of $22,554,543 last year, compared to $9.1 million in 2017 and $6 million Read More

Facebook spends $22.6 million to keep Mark Zuckerberg safe

1 month ago DieselGasoil Comments Off on Facebook spends $22.6 million to keep Mark Zuckerberg safe
FILE PHOTO: Facebook’s founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. REUTERS/Charles Platiau (Reuters) – Facebook Inc more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg’s security in 2018 to $22.6 million, a regulatory filing showed on Friday. Zuckerberg Read More

Facebook more than doubles Zuckerberg compensation to $22.6 million

1 month ago DieselGasoil Comments Off on Facebook more than doubles Zuckerberg compensation to $22.6 million
FILE PHOTO: Facebook’s founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. REUTERS/Charles Platiau (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg’s compensation for 2018 more than doubled to $22.6 million, a regulatory filing showed on Friday. Facebook has in the past few Read More

YouTube restricts Tommy Robinson channel

2 months ago DieselGasoil Comments Off on YouTube restricts Tommy Robinson channel
YouTube has placed more restrictions around the video channel of English Defence League founder Tommy Robinson. Clips uploaded by Mr Robinson have been removed from search results and he is blocked from streaming live events via the site. Messages warning that his videos may not be appropriate for all viewers will also play before clips. Read More