Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500 staff in 2021; Instacart cut its valuation by 40% to $24B in March 2022
Michael Tobin / Bloomberg :
Bumble's shares jump 10%+ to as high as $20.67 after hours, after beating estimates with a Q1 revenue of $211.2M, up 24% YoY, and paying users up 7% YoY to 3M
Michael Tobin / Bloomberg :
LGBTQ+ dating app Grindr plans to go public via a SPAC merger at a $2.1B valuation including debt, raising ~$384M; Grindr had $147M revenue in 2021, up 30% YoY
Michael Tobin / Bloomberg :
A deep dive on Tether, which issued 48B coins this year, as regulators struggle to understand its cash reserves, organizational structure, and other details
something money-market funds avoid.” By @ZekeFaux https://www.bloomberg.com/... Daniel Viola / @dannyviola : Great investigation into the likely Ponzi scheme that is Tether: https://www.bloomberg.co...
Clubhouse courted fresh controversy after a conversation with hundreds of listeners devolved into a platform for anti-Semitic comments on a Jewish holy day
Controversial private social app Clubhouse was again the target of criticism on Monday, after a conversation with hundreds … Tweets: @sm , @gartenberg , @saschasegan , @nicoleperlroth , @silvermanjaco...
Some savvy Twitter users with few followers are making extra money by linking to brands in replies under viral tweets, possibly breaking Twitter's ToS
Michael Tobin / Bloomberg : Tweets: @mattnavarra Tweets: Matt Navarra / @mattnavarra : Step 1: Find a tweet that's gaining a lot of attention. Step 2: Reply to viral tweet to point other users toward...
Dropbox reports Q2 revenue of $467.4M, up 16% YoY, paying users up 1.4M YoY to 15M, as CFO Ajay Vashee plans to step down in September
Michael Tobin / Bloomberg :