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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

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Digital Money Platform Uphold Acquires JNK Securities

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Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. The company has global operations in Braga, London, Los Angeles, Mexico City, and San Francisco. With this acquisition, Uphold will boost its compliance and regulatory policies and practices.

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Scammers Take Used Car Buyers For A Ride Amid Pandemic

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But scam artists are capitalizing on this new way to buy a car, reports CBS Los Angeles. As people socially distance and live largely from home, home delivery of everything has soared — including used cars — as people avoid brick-and-mortar dealerships and showrooms.

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

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trillion market capitalization, 9to5Mac reported. . 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. On Wednesday (June 10), Apple stock climbed 2 percent to $352 a share, making the tech giant the first U.S. company to reach a $1.52

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Real Estate Startup Bungalow Secures $64M In Funding

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Residential real estate startup Bungalow announced it has secured $64 million in funding: a $14 million Series A led by Khosla Ventures, Atomic, Founders Fund, Cherubic Ventures and Wing Ventures, as well as a $50 million debt facility. Since its launch, the company has operated in the Bay Area, Los Angeles, New York, San Diego and Seattle.

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Travis Kalanick Disavows ‘Internet Food Court’ Using His Name

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There is also a physical location bearing the name “Internet Food Court,” located in Los Angeles, and officials with CloudKitchens holding company, City Storage Systems , said they are investigating this as well, concerned about its validity.

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Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy

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Under the terms of the proposal, the 100-year-old Kansas-based company would allow Silver Lake Group LLC, the Menlo Park, California private equity company, to provide $200 million of new money while subordinated bondholders exchange their securities at a discount for new second-lien notes, the news service reported.

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