In a late-stage funding round led by Durable Capital Partners, billing software company HoneyBook, Inc. raised over $155 million in funds. This Series D funding round was comprised of investments from firms such as Tiger Global Management, Battery Ventures, Zeev Ventures, and 01 Advisors.
Based in San Francisco, California, HoneyBook...
Canadian auto parts manufacturing company Magna International reported on Thursday that its quarterly profit skyrocketed by more than 136%, as heavily increased vehicle demand led to a surge in the purchase of body structures, chassis, and powertrains. This quarterly profit increase sees Magna's full-year revenue outlook experience its own...
Tesla is one of the most lucrative companies in the world, and yet people still managed to underestimate it so far this year. The company recently posted a first-quarter profit that handsomely surpassed estimates, thanks to a shockingly high level of deliveries throughout Q1.
But although the profit was higher...
When it comes to the giant corporations of today, the stakes get higher and higher. We're not talking millions, and we're not talking billions—we're talking trillions.
There are two companies that are expected to reach a value of $2 trillion sometime soon, and they're Microsoft and Amazon.
Last week, Microsoft's shares...
Not long after GameStop CEO George Sherman agreed to step down by July 31st from his position, company shares soared dramatically. Sherman has held the title for roughly two years, and his departure coincided with the company stock rising 6.26% as of earlier this week.
GameStop has been the center...
Peloton has been in some serious hot water as of late. Their shares dropped nearly 7.3% after the U.S. Consumer Product Safety Commission released a shocking video of a young child getting sucked underneath a Peloton treadmill.
Peloton has done fairly well for itself over the past year, offering state-of-the-art...
California-based EV company Lucid Motors and blank check company Churchill Capital IV (CCIV) completed a merger deal on Monday night. With the deal under wraps, the EV company is one step closer to realizing its goal of going public. Churchill Capital IV shares declined by 30% following the announcement.
As...
Rivian Automotive Inc., an electric-vehicle startup that has received financial backing from both Amazon.com Inc. and Ford Motor Co., is determined to go public as soon as September 2021. According to sources that are familiar with the company, Rivian is expecting a valuation of $50 billion at the time...
