Sources: Gitlab is letting employees sell equity in a secondary share sale that values the company over $6B, up from a valuation of $2.7B in September 2019 (Ari Levy/CNBC)

Ari Levy / CNBC:
Sources: Gitlab is letting employees sell equity in a secondary share sale that values the company over $6B, up from a valuation of $2.7B in September 2019  —  - GitLab competes with GitHub, which Microsoft acquired in 2018 for $7.5 billion.  — The company had originally aimed to go public …



from Techmeme https://ift.tt/3mqpcih

Comments

Post a Comment

Popular posts from this blog

UK's Metro Bank confirms it has faced an SS7 attack intercepting 2FA codes; a telecom lobbying group previously told Congress such an attack is "theoretical" (Joseph Cox/Motherboard)

Image
Joseph Cox / Motherboard : UK's Metro Bank confirms it has faced an SS7 attack intercepting 2FA codes; a telecom lobbying group previously told Congress such an attack is “theoretical”   —  Motherboard has identified a specific UK bank that has fallen victim to so-called SS7 attacks, and sources say the issue is wider than previously reported. from Techmeme http://bit.ly/2FYYCex
Read more

A conversation with Bison Trails: the AWS-like service inside of Coinbase

Image
Coinbase shares tumbled today to their their lowest point since the company began trading publicly on April 14. The market often moves in mysterious ways, but several drivers could be at play, including Coinbase’s high opening price at the time of its direct listing, its reliance on margins that are all but certain to drop owing to growing competition, and the lack of a lock-up period, meaning more insiders might now be offloading some of their highly valued shares, driving down their price in the process. Whether Coinbase’s shares fall further still is an open question, but one early investor, Garry Tan, believes what outsiders misunderstand about Coinbase is its potential going forward. Indeed, Tan has said previously that a major revenue driver for the company could ultimately tie to a startup called Bison Trails (also backed by Tan) that Coinbase quietly acquired late last year for an estimated $80 million in stock and that Tan recently likened to an AWS inside of the cryptocur...
Read more

This Week in Apps: Facebook’s other Clubhouse rival, Apple details ATT, App Store trial nears

Image
Welcome back to This Week in Apps,  the weekly TechCrunch series  that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a record  218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also  spent  3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices. Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a  combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year. This Week in Apps will soon be a newsletter! Sign up here: techcrunch.com/news...
Read more