Twilio Inc. TWLO -4.28% agreed to acquire a software provider that focuses on helping businesses track and manage customer data, a $3.2 billion deal that comes as companies rethink how they reach consumers who are spending more time at home during the Covid-19 pandemic. Twilio struck an all-stock deal for […]
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How Ethereum’s DeFi Darling YFI Reached $1 Billion In 2 Months
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Ethereum-based yearn.finance and its governance token YFI evolved into a major DeFi player. LightRocket via Getty Images Yearn.finance’s native governance token, YFI, is now the second-biggest decentralized finance (DeFi) coin in the cryptocurrency market. Its market capitalization has surpassed $1.1 billion just one and a half months after its launch. […]
Next Insurance to Seek $2.25 Billion Valuation in Funding Round
(Bloomberg) — Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 million funding round for the Palo Alto, California-based […]
Forecast deficit in B.C. grows to $12.8 billion under COVID-19
British Columbia is forecasting a $12.8-billion deficit for the 2020-21 fiscal year. The deficits are driven by the economic impact of the novel coronavirus pandemic, but there is some optimism from the B.C. government based on recent job numbers. Finance Minister Carole James has outlined the financial picture based on […]