Less than two months after Fluid Truck’s board ousted its sibling co-founders from their executive positions, the company has laid off 30% of its staff, filed for Chapter 11 bankruptcy protection, and found a potential buyer to take on the business, pending court approval, according to bankruptcy filings and information from a former employee. Fluid […]
UK neobank Monzo hits $5.9B valuation with secondary market sale
Monzo is now valued at $ 5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially […]
Chelsea prepare for Ben Chilwell January sale
Chelsea are expected to sell more squad players in the January transfer window with Ben Chilwell the latest to be linked with an exit. The Blues offloaded a host of star names ahead of the 2024/25 campaign, alongside more deals on transfer deadline day, as the club aims to maintain a financial balance. Enzo Maresca […]
SM Entertainment Still Has Taeil’s NCT Merchandise For Sale Despite His Sex Crime Scandal
On August 28, SM Entertainment shared that Taeil would be removed from NCT due to an unspecified sex crime. Taeil | SM Entertainment SM엔터테인먼트입니다. pic.twitter.com/28XapiFuOk — SMTOWN (@SMTOWNGLOBAL) August 28, 2024 This is SM Entertainment. We have recently confirmed that Taeil has been implicated in a criminal case related to sex crime. While looking into […]
African e-commerce company Jumia completes sale of secondary shares at $99.6M
Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise over $ 100 million, given its share price of around $ 5.70 at the time. The e-tailer has now completed the at-the-market transaction offering of 20,227,736 ADSs. Jumia sold the shares at […]