Kargo Acquires E-Commerce Advert-Tech Agency for $64 Million

Kargo Acquires E-Commerce Ad-Tech Firm for $64 Million

Advertising-technology company Kargo Global Inc. has acquired StitcherAds, an ad-tech firm focused on driving e-commerce sales, for $64 million, Kargo said. Kargo’s technology helps marketers buy ads that target certain types of consumers on the websites of hundreds of publishers, including on mobile and desktop devices. A growth area for the company has been in … Read more

Fund to Let Retail Traders Guess on Early Tech Startups

Fund to Let Retail Investors Bet on Early Tech Startups

The founders of Forge Global Inc., an online marketplace for buying and selling shares of private firms, are launching a new money manager that invests in technology startups before they go public. The new company, D/XYZ, has raised $100 million for its first investment portfolio, Destiny Tech100, and aims to list it publicly as a … Read more

Tech Moguls Again GoodLeap’s Inexperienced Housing Push With $12 Billion Valuation

Tech Moguls Back GoodLeap’s Green Housing Push With $12 Billion Valuation

Americans are going to need at least $450 billion to turn their homes green in coming years, says entrepreneur Hayes Barnard, and he wants to get it to them. Mr. Barnard, a former top executive at SolarCity Corp., raised more than $1 billion in the past 10 months from tech investing luminaries like Michael Dell … Read more

Tech-Recruiting Startup Andela Raises $200 Million in Spherical Led by SoftBank

Tech-Recruiting Startup Andela Raises $200 Million in Round Led by SoftBank

Tech-recruiting startup Andela Inc. said Wednesday it has raised $200 million to help fund its effort to connect employers with software engineers in an increasingly global search for tech talent. SoftBank Group Corp. led the investment in the seven-year-old New York-based startup, whose platform employs artificial intelligence to match employers with workers in a range … Read more

Buybacks surge in monetary sector, overtaking tech this yr, says BofA

Buybacks surge in financial sector, overtaking tech this year, says BofA

Financial companies have propelled an acceleration in U.S. stock buybacks, overtaking the technology sector with the largest dollar volume this year, according to BofA Global Research.  “Buybacks by corporate clients accelerated from the prior week to the highest level since mid-March, driven by financials,” BofA strategists said in an equity and quant research note dated … Read more

Huge Tech is affected by a ‘Nice Resignation’ of staff, who say ‘It’s a great time to go away’

Big Tech is suffering from a ‘Great Resignation’ of workers, who say ‘It’s a good time to leave’

A confluence of factors have led the rank and file at Big Tech companies to leave what were coveted jobs a decade ago for the potential riches of startups and young public companies, with some participants calling it the “Great Resignation.” In much the same way that Apple Inc. AAPL, -0.48%, Google parent Alphabet Inc. … Read more

Weekend reads: Time to evaluate Huge Tech earnings and Robinhood’s IPO

Megacap tech stocks have been on a roll. They could thrive even if interest rates turn higher again.

It’s been a busy week for company earnings. Tech companies took the spotlight this time, with most of the FAANMG companies — Facebook, Amazon, Apple, Microsoft and Google parent Alphabet reporting. (Netflix was last week.) The numbers they delivered — and the forecasts for the full year — are staggering, as Therese Poletti and Jeremy … Read more

China’s Tech Regulator Orders Corporations to Repair Anticompetitive, Safety Points

China’s Tech Regulator Orders Companies to Fix Anticompetitive, Security Issues

China’s main technology-sector regulator ordered the country’s internet giants to fix certain anticompetitive practices and data security threats, building on a regulatory campaign to reform how China’s largest tech companies operate. China’s Ministry of Industry and Information Technology, which oversees China’s telecommunication and industry policies, said Monday that its new six-month rectification program was aimed … Read more

Paytm and Zomato IPOs Level to Coming Wave of Indian Tech Listings

Paytm and Zomato IPOs Point to Coming Wave of Indian Tech Listings

NEW DELHI—India is gearing up for tech IPOs, including two worth more than $1 billion, as startups look to tap a stock market that has proved resilient despite Covid-19. The initial public offerings reflect the maturing of a generation of e-commerce and digital-economy companies, bankers say, many of which have grown rapidly during the pandemic … Read more