Telegram is raising money for what will likely be the largest initial coin offering in history. The company confirmed with the SEC it has privately raised $850 Million for the offering, and reports say Telegram is planning a second round of private financing. Full Tilt Capital's Managing Partner Anthony Pompliano explains why Telegram has been able to raise so much capital.
"This is a team that has proven themselves," says Pompliano. "I think they've got a pretty interesting plan moving forward in terms of what they want to do with their money."
Roughly $4 billion was raised by ICOs in 2017, according to EY, compared with $6.8 billion raised through traditional angel and seed financing in 2017, according to PitchBook. Regulators are now looking to crack down on this growing ICO market. "This is new we haven't seen this before so I think people are trying to figure out the best way to participate," says Pompliano.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
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Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.
The House of Representatives recently passed a bill aimed at increasing transparency in healthcare.
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
