Tag: venture
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Robinhood’s second venture fund debuts, drawing retail money into private markets
Aug 13 : Robinhood’s second venture fund debuted on Thursday, giving retail investors access to early-stage startups that have traditionally been out of reach for all but venture capital firms and wealthy investors.The fintech company raised $225.5 million in the initial public offering of Robinhood Ventures
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South Korea’s Samsung SDI to buy out GM’s stake in battery joint venture
Aug 11 : South Korean battery maker Samsung SDI said on Tuesday it will end its joint venture agreement with General Motors in Indiana and acquire the U.S. firm’s 49.99 per cent stake, citing weaker-than-expected electric vehicle demand.Here are some details:• Samsung SDI said in a regulatory filing
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GM plans to sell its half of Indiana battery venture to Samsung SDI, Bloomberg News reports
Aug 11 : General Motors is planning to sell its half of a planned $3.5 billion electric-vehicle battery joint venture in Indiana to partner Samsung SDI, Bloomberg News reported on Monday, citing people familiar with the matter. Here are some details:• Reuters had reported earlier this year that cons
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Federal employees can download TikTok on government devices, DOJ says
WASHINGTON, July 17 : The U.S. Justice Department said on Friday that federal employees can now download the short-video app TikTok on government devices.A 2022 law banned federal employees from using the app on government devices, citing national security concerns, but a department opinion released on Friday
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