Author: pekandesigns

Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and Morgan Stanley have the option […]

Justin Berman has one of the most important jobs at Dropbox . As head of security, he oversees the company’s cybersecurity strategy, its defenses and works daily to keep its more than 600 million users’ data private and secure. No pressure, then. Berman joined the file storage and workspace giant a year ago during a […]

Blue Origin is opening its new rocket engine production center in Huntsville, Ala. on Monday, the company said today on Twitter. The new Huntsville facility will be able to produce its rocket engines at a much higher rate than is currently possible, which will be useful as the company is using its in-development BE-4 engine […]

Instagram is changing its advertising rules to require political campaigns’ sponsored posts from influencers to use its Branded Content Ads tool that adds a disclosure label of “Paid Partnership With”. The change comes after the Bloomberg presidential campaign paid meme makers to post screenshots that showed him asking them to make him look cool. Instagram […]

Too often, people are asked to give away their insights and time for free. Jen Horonjeff, founder and CEO of healthcare startup Savvy, knows this first hand and is trying to change that by applying a cooperative model to her business. As an infant, Horonjeff was diagnosed with juvenile idiopathic arthritis. Since then, she has […]

Last month, Tradeshift, a platform for supply chain payments that has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors. It’s now raised a total of $661 […]

Alibaba issued its latest earnings report yesterday, and the Chinese eCommerce giant reported that cloud revenue grew 62 percent to $1.5 billion U.S., crossing the RMB10 billion revenue threshold for the first time. Alibaba also announced that it had completed its migration to its own public cloud in the most recent quarter, a significant milestone […]

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. After having a good time with NEA’s Rick Yang last week, we thought we’d bring on another venture capitalist. So this week Danny and I had Elliott Robinson from Bessemer swing over for the show. As it turned […]

Virgin Galactic is one crucial step closer to actually flying paying customers to space: The space tourism company just relocated its SpaceShipTwo vehicle, the VSS Unity, from its Mojave, California manufacturing facility to Spaceport America in New Mexico, where it will begin flights with a goal of at least sending company founder Richard Branson to […]