• Investors in LatAm get bitten by the hotel investment bug as Ayenda raises $8.7 million

    3 monthes ago - By Tech Crunch

    Some of Latin America's leading venture capital investors are now backing hotel chains.
    In fact, Ayenda , the largest hotel chain in Colombia, has raised $8.7 million in a new round of funding, according to the company.
    Led by Kaszek Ventures, the round will support the continued expansion of Ayenda's chain of hotels in Colombia and beyond. The hotel operator already has 150 hotels operating under its flag in Colombia and has recently expanded to Peru, according to a statement.
    Financing came from Kaszek Ventures, and strategic investors like Irelandia Aviation, Kairos, Altabix, and BWG...
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  • SpaceX said to be seeking around $250 million in funding, boosting valuation to roughly $36 billion

    3 monthes ago - By Tech Crunch

    SpaceX is looking to raise around $250 million in new funding according to a new report from CNBC's Michael Sheetz. The additional cash would bring SpaceX's total valuation to around $36 billion, according to CNBC's sources - an increase of more than $2.5 billion vs its most recently reported valuation.
    The rocket launch company founded and run by Elon Musk is no stranger to raising large sums of money - it added $1.33 billion during 2019, from three separate rounds. In total, the company has raised over $3 billion in funding to date - but the scale of its ambitions provide a clear...
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  • Alert: Wells Fargo to pay $3 billion to settle federal investigations into creation of millions of unauthorized accounts

    3 monthes ago - By Chron

    NEW YORK - Wells Fargo to pay $3 billion to settle federal investigations into creation of millions of unauthorized accounts.
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  • Wells Fargo to pay $3B to resolve probes into fake accounts

    3 monthes ago - By Chron

    NEW YORK - Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.
    Since the fake-accounts scandal came to light in 2016, Wells has paid out billions in fines to state and federal regulators, reshuffled its board of directors and seen two CEOs and other top-level executives leave the company.
    The $3 billion payment includes a $500 million civil payment to the Securities and Exchange Commission, which will distribute...
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  • Shifting Gears: Peeking behind the curtain at Uber and SpaceX

    Shifting Gears: Peeking behind the curtain at Uber and SpaceX

    3 monthes ago - By Business Insider

    This week brought new details about the inner workings of two high-profile tech companies: Uber and SpaceX.
    The former saw the release of a book by a former employee, Susan Fowler, whose 2017 blog post about workplace harassment brought attention to Uber's aggressive, hypermasculine culture. Fowler's post sparked a period of introspection at the ride-hailing company that led CEO Dara Khosrowshahi to make repairing its troubled culture one of his top priorities.
    A new story from senior correspondent Dave Mosher shed light on a brewing conflict between SpaceX and some residents of a small...
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  • Elon Musk's rocket company SpaceX is reportedly seeking close to $250 million in new funding at a $36 billion valuation

    Elon Musk's rocket company SpaceX is reportedly seeking close to $250 million in new funding at a $36 billion valuation

    3 monthes ago - By Business Insider

    SpaceX is seeking to raise "about $250 million" at a price of $220 per share, according to a report by CNBC .
    The new funding would reportedly value the company at around $36 billion.
    The push to raise new capital comes as SpaceX seeks to execute a handful of ambitious new projects, including a plan to send tourists into space .
    Visit Business Insider's homepage for more stories .
    SpaceX is seeking close to $250 million in fresh funding at $220 per share at around a $36 billion valuation, according to a report by CNBC's Michael Sheetz .
    The move comes as Elon Musk's aerospace company is...
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