I write about what I just realized
According to PR Newswire, Bird Global, Inc. has entered into a restructuring support agreement with first- and second-lien lenders, securing unanimous support. Key to this restructuring is a $25 million debtor-in-possession financing from MidCap Financial and existing second-lien lenders. This…
Xfinity Customer Data Breach
Comcast has confirmed a significant data breach affecting close to 36 million Xfinity customers, caused by the exploitation of the critical-rated security vulnerability known as “CitrixBleed.” CitrixBleed, found in Citrix networking devices commonly used by large corporations, has been under…
Turquoise Lights for Autonomous Vehicles
Mercedes-Benz has achieved a pioneering milestone in the US automotive industry by obtaining permits to use turquoise-colored lights on its vehicles to indicate autonomous driving. This development makes them the first automaker in the US to utilize such a distinctive…
On Bolt’s layoffs
Bolt, a San Francisco-based fintech startup, renowned for its pioneering four-day workweek, has faced a significant downturn with a recent 29% staff reduction. In late 2021 and early 2022, Bolt was riding a wave of success, raising nearly $750 million…
Lime Scooter Ridership Increase During Taylor Swift’s Denver Visit
Denver witnessed a surge in Lime scooter and e-bike usage in 2023, with a notable spike during Taylor Swift’s Eras Tour. The city’s Lime ridership soared by 65% on concert nights, while new user sign-ups leaped by an impressive 150%.…
Adobe Abandons $20 Billion Figma Deal
Adobe’s $20 billion acquisition of Figma was halted due to regulatory challenges in Europe and the UK, with concerns about potential harm to innovation and competition. Adobe will pay Figma a $1 billion termination fee. Figma, expanding and profitable, could…
Epic Games wins Google
In a landmark decision, Epic Games triumphed over Google in a recent antitrust lawsuit, marking a significant moment in the ongoing debate over Big Tech’s dominance. This case, contrasting sharply with Epic’s earlier loss to Apple, highlights the nuanced legal…
W49 TWIL: More Fun at Mexico City
This week I learned (TWIL) about the enchanting allure of Teotihuacan, flying back to San Francisco and mostly traveling around.
Alaska Air Group acquires Hawaiian Airlines
Alaska Air Group has announced a significant acquisition of Hawaiian Airlines for $1.9 billion. This deal, which includes taking on $900 million of Hawaiian’s debt, represents a major shift in the airline industry, marking the second proposed merger in less…
Uber to join S&P 500
Uber has made a significant leap in the financial world by joining the prestigious S&P 500, as announced on December 1, 2023. This inclusion marks a notable achievement for the ride-hailing company, reflecting its solid financial performance and growing market…
Meituan not buying Foodpanda after all
Reported by Business Times, Meituan’s recent announcement of not pursuing the acquisition of foodpanda has come as a significant relief for Grab. This decision by the Chinese food delivery giant has lifted a major concern for Grab’s stock prices. Rumors…
W48 TWIL: Discoveries in Mexico
