Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

Instacart gives first company-wide cash bonus after IPO delay

Instacart gives first company-wide cash bonus after IPO delay

Instacart Inc. will pay out its first company-wide cash bonuses starting in December, people familiar with the matter said, as the grocery purveyor aims to motivate staff after delaying its initial public offering. The cash bonus is a shift in the company’s efforts to reward and retain employees. Instacart has historically given out stock rewards … Read more

Porsche’s IPO hasn’t helped Volkswagen much

Porsche’s IPO hasn’t helped Volkswagen much

Volkswagen VOW -1.72% risk learning the wrong lesson by taking Porsche public. In his first quarterly call with investors since taking the top job at VW, Chief Executive Oliver Blume said on Friday that the “huge success” of last month’s initial public offering of Porsche would be a “role model” for all the group’s brands. … Read more

Goodbye Twitter—for now

Goodbye Twitter—for now

Elon Musk has seen the light on advertising and will likely need to return Twitter to the public market at some point.

Mobileye shares open higher on IPO

Mobileye shares open higher on IPO

By Corrie Driebusch and Tim Higgins 26 October 2022 at 11:55 a.m. ET Shares in Mobileye MBLY 31.43% Global Inc. rose 27% out of the gate in their trading debut, in one of the year’s highest-profile and largest IPOs. Intel Corp.’s INTC 0.27% automated car driving unit initially traded at $26.71, above the IPO of … Read more

Intel rates highly anticipated IPO for self-driving car unit Mobileye

Intel rates highly anticipated IPO for self-driving car unit Mobileye

Intel Corp.’s INTC -1.28% the self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its target, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at about $17 billion, the people said. That’s … Read more

General Atlantic acquires Iron Park Capital and Form Credit Business

General Atlantic acquires Iron Park Capital and Form Credit Business

General Atlantic is buying Iron Park Capital Partners LP, executives said, as the big investment firm seeks to expand its lending capabilities in what is shaping up to be a golden age for private credit. Iron Park will become General Atlantic Credit, with Iron Park founder Tripp Smith becoming CEO of the entity, executives from … Read more

Intel rates highly anticipated IPO for self-driving car unit Mobileye

Intel rates highly anticipated IPO for self-driving car unit Mobileye

Intel Corp.’s INTC 0.85% the self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its target, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at about $17 billion, the people said. That’s … Read more

Cerebral to cut about 20% of staff as its operations shrink

Cerebral to cut about 20% of staff as its operations shrink

Telehealth startup Cerebral Inc. told employees it is cutting jobs and restructuring its operations in moves that will affect about 20% of its employees, shrinking the business to match patient demand and lower growth targets. In a memo to staff on Monday, chief executive David Mou said the changes would be spread across all divisions, … Read more

Schlumberger Rebrands as SLB, Dropping Family Name

Schlumberger Rebrands as SLB, Dropping Family Name

Schlumberger Ltd. SLB 10.33% changing its name to SLB and dropping the family name of the brothers who founded the oil service company almost a century ago. The company said the punchier moniker, which takes effect Monday, is meant to embrace its focus on new-age energy services, such as clean hydrogen and carbon capture technology. … Read more