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SoftBank’s long-term investment strategy may benefit in the current interest rate environment, says CLSA

[ad_1] The current interest rate environment could favor Japanese conglomerate SoftBank Group's strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, according to CLSA's Oliver Matthew.With prices of potential acquisitions now coming down as investors brace for higher rates, Matthew told CNBC's "Squawk

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Amazon’s outage and HashiCorp’s IPO point to a future with multiple clouds

[ad_1] HashiCorp at the Nasdaq market site, December 9, 2021.Source: NasdaqWhen Amazon Web Services, the biggest provider of cloud-computing infrastructure, suffered an hours-long outage on Tuesday, Disney+, Netflix, Robinhood, Roku and many other popular websites and apps faced major disruptions.The incident quickly rekindled a debate on how organizations can minimize the

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HashiCorp aiming for $13 billion valuation in IPO, according to updated prospectus

[ad_1] HashiCorp employees at the start-up's HashiConf conference in San Francisco in October 2018.HashiCorpCloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the company at up to $13 billion.HashiCorp, which was last valued in the private market at $5.1 billion

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Shares in India’s Paytm plunge 24% in market debut, investors question business model

[ad_1] A man exercises in a gym near a barcode for Paytm, an Indian cellphone-based digital payment platform, in New Delhi on November 18, 2021.Sajjad Hussain | AFP | Getty ImagesShares in India's Paytm plummeted 24% in their maiden day of trade, with investors questioning the loss-making digital payments firm's business model

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UK software firm Blue Prism surges 10% on potential bidding war

[ad_1] Lines of code displayed on a computer screen.Degui Adil / EyeEm | EyeEm | Getty ImagesLONDON — Shares of Blue Prism surged Tuesday after the British software company disclosed it received a takeover offer from U.S.-based tech firm SS&C Technologies Holdings, setting off a potential bidding war.London-listed Blue Prism

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Backblaze takes opposite IPO route to Rivian, going public on small valuation and minimal funding

[ad_1] Gleb Budman, co-founder and CEO of Backblaze, center, appears in New York for the company's Nasdaq debut on Nov. 11, 2021.Source: BackblazeElectric-vehicle maker Rivian Automotive, which has almost no revenue, dominated the headlines this week after raising close to $12 billion in its IPO and then watching its market

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Ousted WeWork CEO says $47 billion valuation went to his head before botched IPO

[ad_1] Adam Neumann, CEO of WeWork.Eduardo Munoz | ReutersOusted WeWork CEO Adam Neumann said Tuesday that the company's private, $47 billion valuation went to his head, in the first interview since departing the company in 2019 amid its botched IPO."So yes the valuation made us feel like we were right,

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Ripple to launch crypto service for financial companies amid legal battle with the SEC

[ad_1] Ripple CEO Brad Garlinghouse speaks onstage during Day 1 of TechCrunch Disrupt SF 2018.Steve Jennings | Getty Images for TechCrunchFintech start-up Ripple on Tuesday said it's launching a new product that lets financial services firms offer their customers the ability to buy and sell cryptocurrencies.The San Francisco-based company said

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Amazon cloud storage challenger Backblaze files to go public

[ad_1] DeMarcus Cousins #15 of the LA Clippers talks to Assistant Coach, Roy Rogers of the LA Clippers before the game during Game 6 of the Western Conference Finals of the 2021 NBA Playoffs on June 30, 2021, at STAPLES Center in Los Angeles.Adam Pantozzi | National Basketball Association |

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European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

[ad_1] A customer uses a SumUp payment card reader in Lisbon, Portugal, on Sept. 13, 2019.Angel Garcia | Bloomberg via Getty ImagesLONDON — SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and

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