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DraftKings To Merge, IPO At A $3.3B Market Value

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Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel

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TripAdvisor is also furloughing another undisclosed number of employees and closing offices in San Francisco and Boston. The employees from San Francisco will be able to work remotely, while Boston employees can work in the Needham, Massachusetts, office.

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Alphabet-Backed Healthcare Startup, One Medical, To IPO

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The San Francisco-headquartered startup runs membership-based healthcare clinics and was launched by internal medicine doctor Tom Lee, who served as the company’s chief executive officer until 2017. ” It has applied as common stock on the Nasdaq Global Select Market. percent of the company’s common stock pre-offering.

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Chargeback Fears Prompts Delay Of Merchant Funds

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Square , the San Francisco-based ePayment company, recently started holding 30 percent for every transaction for four months “to protect you and Square from unexpected loss events,” according to WSJ. Now, the Tacoma, Washington, portrait studio is facing another challenge. Hudson told WSJ she plans to drop the company.

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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

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Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. The $14 million of funding Rinse recently secured will not be going into the company’s tech as much as into building out its team as it looks to launch in new markets.

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Real Estate Startup Raises $1.2M To Expand

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In hyper-competitive markets like Boston, New York and San Francisco, many buyers overbid and sometimes wave inspections to sweeten the pot for sellers. million round of venture capital funding to expand into the San Francisco market, seeks to simplify the real estate process with its offering.

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London Cements Uber Ban Over Fake Identities

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Uber was declared “not fit and proper” to operate in London — the ride-hailing company’s largest European market — and now has three weeks to appeal, according to a Monday (Nov. San Francisco, Houston and Boston have all had cases of illicit drivers, including convicted felons, Cnet reported.