Big wins for Latin America, climate tech momentum and Rover’s $2.3B sale
Here's what the Equity crew got into today:
- Self-driving setbacks: Cruise is set to slash its costs in the wake of a safety mess, and greater scrutiny from regulators. Alex hopes that the current set of news items doesn’t slow down the progress of self-driving tech.
- Webull snaps up Flink: Free trading is not just a business model that is popular in the United States. Webull is taking the Latin American market more seriously with its purchase of Flink.
- Uber <3’s taxis: What are London’s iconic black cabs doing on Uber’s platform? And how long does it take to go from enemies to frenemies?
- Rover finds the exit: Who would have guessed that dog walking would be worth $2.3 billion?
- IPOs are heating back up (a little): With Shein and Reddit targeting the IPO market in the coming months, it’s time to get our S-1 boots back on and prepare for some new debuts.
- Venture downturns are not death sentences: EU venture funding levels are down, but not out. And what’s going on Down Under?
We are back on Monday! Chat then!
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