We’re hearing from sources that Postmates, which is among a few companies that are seen as operating in the difficult on-demand space, is raising at least $100 million in a round led by Founders Fund. Sources stressed that the round has not closed, and that things may change over time. Despite the challenges of working in an on-demand economy — which can sometimes lead to… Read MoreKatie Roof,Matthew Lynley
We’re hearing from sources that Postmates, which is among a few companies that are seen as operating in the difficult on-demand space, is raising at least $100 million in a round led by Founders Fund. Sources stressed that the round has not closed, and that things may change over time. Despite the challenges of working in an on-demand economy — which can sometimes lead to… Read More
A new SEC filing posted Friday gives more clarity about what led up to Microsoft acquiring LinkedIn for over $26 billion. And they prove that Microsoft wasn’t the only prospective buyer. It shows that the talks between LinkedIn CEO Jeff Weiner and Microsoft CEO Satya Nadella began on February 16 of this year, just 12 days after the earnings debacle where LinkedIn shares plummeted. And… Read MoreFive companies considered buying LinkedIn
Luxe is in talks with a strategic investor that will infuse the company with “tens of millions” in new financing from Hertz, our sources tell us. Our understanding is that the round is still in negotiations — and, of course, could change at any time. The Information also reported that the funding round is coming from Hertz, and said the round is coming in at a more than… Read MoreLuxe Is Raising Tens Of Millions In A Big New ...
In the latest sign that some tech startups are overvalued, Fidelity has written down the value of its stake in Snapchat by 25%, according to a report by Morningstar. Fidelity participated in Snapchat’s Series F round earlier this year, at an estimated $15 billion valuation. The report, first identified by the Financial Times, showed that Fidelity valued its Snapchat shares at $30.72 at… Read MoreFidelity Writes Down Snapchat Investment
TechCrunch has obtained documents that show Pinterest has been forecasting $169 million in revenue this year and $2.8 billion in annual revenue by 2018. Pinterest was also expecting to grow its monthly active users to 151 million by the end of 20...