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California Expects IPO Tax Windfall

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California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. It will amount to $13.8

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Uber Readies Q3 Earnings As California Voters Give The Firm A Big Boost

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5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

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Boston Market Deploys AI To Fight Fraud, Improve ROI

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The November Mobile Order-Ahead Tracker® explores the impact of AI and how eateries are using the technology to ease their operations, personalize customer offers and fight fraud. Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI. Around The Mobile Order-Ahead World.

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SMB Financing Fuels Week Of B2B Venture Capital

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Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Trade finance technology startup CCRManager announced $2.12 There was a nearly 20 percent drop in the number of deals solidified in the quarter, too. CCRManager.

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Apple Is First US Company To Reach $1.5T Market Cap

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trillion market capitalization, 9to5Mac reported. . Last week, Apple inched closer to the all-time high market cap when its stock sold at $326 a share. In 2018 , Ives, a software and technology analyst at Wedbush Securities in Los Angeles, said Apple was on its way to set a U.S. company to reach a $1.52

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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

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The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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Blockchain-Powered B2B FinTech Roars Back With VCs

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It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. The company plans to use the funding to ready its software for enterprise adoption and explore additional verticals into which it can expand. ClearMetal.