Tech

Amazon Sets July 5 Start Date For New CEO Andy Jassy

Andy Jassy will step into the top management role at the technology and retail behemoth Jeff Bezos built on July 5 — 27 years to the day after the outgoing chief executive officer incorporated Amazon.com Inc.  Jassy, who currently leads Amazon’s burgeoning cloud computing division, Amazon Web Services, will take on the role following a …

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Stripe is the Second Most Valuable Unicorn Globally at $95 Billion

Stripe has dethroned Elon Musk’s SpaceX to become the second most valuable unicorn worldwide. It provides financial services online. The company has its base in Silicon Valley. With a valuation of $95 billion, Stripe has established itself as the trusted fintech startup in the US. Recent funding of $600 million helped Stripe to reach this …

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Walmart owned Flipkart Eyes IPO through SPAC Route

With a market of $35 billion, the e-commerce giant has accelerated the Initial Public Offering(IPO) process. As per the latest route, Walmart-owned Flipkart plans to start IPO through SPAC(Special Purpose AcquisitionCompany) route. Through the SPAC process, companies avoid the traditional IPO process. SPAC is a shell company that acquires a private company to make it …

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