Volkswagen weighs potential listing of Porsche AG, in push towards electric vehicles

According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…

Bitcoins surges past $30,000 as large investors bet on currency joining mainstream

In a significant development, Bitcoin extended its bull run smashing its previous record and surging over $30,000 for the very first time; investors and traders are betting that the digital currency is on its way to becoming a mainstream payment method. On Saturday, Bitcoin, the world’s most popular cryptocurrency traded as high as $33,099 with…

Cloud security startup SentinelOne’s valuation touches $3 billion in latest funding round

In an interview, Tomer Weingarten, the CEO of SentinelOne said, the startup has raised $267 million from venture capital backers including Sequoia and Tiger Global, and saw its valuation jump to more than $3 billion – nearly three times its valuation in February 2020. The startup uses artificial intelligence technology to protect mobile phones and…

Airbnb hires former Apple designer Jony Ive ahead of anticipated IPO

In a statement Airbnb Inc stated it was hiring former Apple designer Jony Ive and his firm to design new Airbnb products and services, under a multi-year contract agreement, Incidentally, Ive was a close creative collaborator with Apple Inc’s co-founder Steve Jobs and has spent nearly three decades in Cupertino leading the design of the candy-colored…

EV startup Faraday Future plans to go public through SPAC merger

In a statement electric vehicle startup Faraday Future’s Chief Executive Carsten Breitfeld said, it is aiming to go public through a reverse merger with a special-purchase acquisition company (SPAC). “We are working on such a deal … and will be able to announce something hopefully quite soon,” said Carsten Breitfeld of the potential SPAC deal.…