Uber's China Rival Gets a Boost, and Spotify Takes a Step Toward Public Markets

Didi Chuxing secures a $4 billion investment from SoftBank and Mubadala, bringing its valuation to $56 billion. The latest funding round comes amid reports SoftBank is looking to invest in rival Uber at a significant discount to its last $68 billion valuation. And Spotify will reportedly get approval to list its shares directly on the New York Stock Exchange, a step towards avoiding a traditional IPO. The company could be valued as high as $20 billion. Plus, speaking of going public, Pinterest will reportedly delay its planned IPO until 2019, as the company expects to fall short of revenue forecasts for the year. The photo-sharing app will bring in sales of $490 million this year, according to The Information. That compares to early estimates above $500 million.

More In Business

AMC Announces Ticket Price Hike

AMC announced a new ticket pricing tier based on where customers sit.

Pinterest Tanks After Revenue Miss, Weak Outlook

Pinterest saw shares plunge in after-hours trading after revenue fell shy of Wall Street estimates and gave a weak outlook for the current quarter.

Stocks Mixed After Fed Decision, Jobs Data

Mario Veneroso, partner & wealth manager with Kingsview Asset Management, joined Cheddar News to discuss Monday's trading session following last week's Fed decision to hike rates as well as Friday's jobs data.

What to Do to Protect Yourself From Tax-Related Scams

Kelley Long, CPA, personal finance specialist and certified financial planner, joined Cheddar News to offer tips on how people can protect themselves from tax-related scams during the filing season.

Mobile Laundry Service 2ULaundry Raises $20M in Financing

Alex Smereczniak, CEO of 2ULaundry & LaundroLab, joined Cheddar News to discuss the mobile laundry service company after raising a fresh $20 million in a Series B round.

Tiered Pricing for Movie Seats Comes to AMC Theaters

Moviegoing at AMC theaters might be a bit more expensive — or cheaper — depending on where you want to sit.

Jury Finds Musk Did Not Defraud Tesla Investors

A jury found that Elon Musk did not defraud Tesla investors with a 2018 tweet about taking the company private and that he had the financing to do so.

Dell to Lay Off Of 5% of Workforce

Dell is laying off 5% of its workforce as the company told employees the move is to prepare for uncertainty.

Can AI and ChatGPT Replace Jobs?

Will AI and ChatGPT replace jobs in the future? Cheddar News takes a closer look at its capabilities and what jobs the technology could potentially replace.

Need2Know: February 6, 2023

Thousands killed in Turkey earthquake, Ohio train derailment danger, and Europe bans Russian diesel imports. Here is everything you Need2Know for Monday, February 6, 2023.

Load More