It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of …
Read More »Firefighters Race to Save a Treasured Sequoia Grove in California The New York Times China Peak becomes Forest Service base as Garnet Fire explodes in size ABC30 Fresno Smoke blankets Calif. mountain towns as Garnet Fire explodes SFGATE Garnet Fire burns 10,000 acres in a day. Containment lines east of Shaver Lake Fresno Bee California fire produces huge smoke plume, triggering hazardous air quality …
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Jim Jarmusch was put on the spot about his feelings over distributor Mubi’s controversial ongoing relationship with Silicon Valley-based private equity firm Sequoia Capital at the press conference for his Venice Golden Lion contender Father Mother Sister Brother on Sunday. The U.S. director is among hundreds of filmmakers to have signed an open letter calling on the company to hand …
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Mubi founder and CEO Efe Cakarel has penned an emotional letter addressed to the filmmaking community in response to the backlash surrounding the company’s new investor, Sequoia Capital, and its ties to the Israeli military. Mubi, an arthouse distributor and producer with a mission to champion independent voices in cinema, has been under fire since securing a $100 million investment …
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The iOS 18.6, iPadOS 18.6, and macOS Sequoia 15.6 updates that Apple released yesterday address a major zero-day attack that targeted Chrome users, according to Bleeping Computer. Apple says that CVE-2025-6558 was a vulnerability in open source code that also affected Apple software. The flaw could allow remote attackers to execute arbitrary code using HTML pages created for that purpose, …
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When Figma announced its initial hoped-for price range on Monday ($25-$28), it also revealed an unusual decision for its highly anticipated IPO. It will allow existing shareholders to sell more shares than the company plans to sell, by a high ratio. The company plans to offer about 12.5 million shares. Yet existing shareholders will be allowed to cash out of …
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