FrontApp Inc is valued at $1.7 billion. Customer communications platform FrontApp has closed a new funding round that values the company at $1.7 billion. The funding round was led by Salesforce Ventures and roughly doubles the company’s valuation. FrontApp offers customer support software used by Lyft, Shopify and Airbnb, among others. The message is clear: …
Warren Buffett increases his stake in Occidental Petroleum. Berkshire Hathaway has bought another $500 million in shares of Occidental Petroleum, according to a regulatory report. This purchase brings Buffett’s total investment to nearly $8.5 billion, or ~16% of the energy company. Buffett began buying Occidental Petroleum shares earlier this year and Berkshire now owns 152.7 …
Fed raises interest rates by highest percentage in 28 years. After weeks of speculation, the Fed raised its benchmark interest rate by three-quarters of a percent, the largest rate hike since 1994. The aggressive rate increase ends years of loose monetary policy that the Fed has used to try to curb historically high inflation. The …
FED Raises Interest Rates; Highest Percentage In 28 Years Read More »
In a company-wide email circulated on Friday, Elon Musk announced his intention to reduce Tesla’s workforce by 10%. The announcement comes shortly after Musk’s call for employees to spend at least 40 hours a week in the office. Musk noted, “…this does not apply to those who actually build cars, batteries or solar cells.” We …
