Rubrik, a data cybersecurity company that raised more than a half-billion dollars while private, filed to go public after the bell on Monday. Following quickly on the heels of debuts from Reddit and Astera Labs, the choice by Rubrik to pursue a public offering now could indicate that the IPO market is warming for tech […]
Worldcoin says it’s filing legal challenge to Spain’s temporary ban
A German subsidiary involved in Sam Altman’s controvercial crypto blockchain digital identity business, Worldcoin, was reported Friday to have filed a legal challenge against a suspension order from Spain’s data protection authority. Earlier this week it emerged that the Spanish authority, the AEPD, had instructed Worldcoin to temporarily stop scanning people’s eyeballs or further processing […]
Search startups DuckDuckGo and Neeva had a tough time competing with Google, court filing shows
A court filing in the U.S. Department of Justice’s case against Google over its alleged monopoly in the search market has revealed a few notable tidbits about the state of the search market competition, including the inner workings, revenue, and, in some cases, exit prices of would-be Google competitors, like DuckDuckGo and Neeva, the latter […]
Reddit cites r/WallStreetBets as a risk factor in its IPO filing
As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The subreddit r/WallStreetBets, a community of retail traders with 15 million members, describes itself as being “like 4chan found a Bloomberg Terminal.” It’s most well known for coordinating a […]