June 2023

Will the New Bull Market End on 6/14?

June 10, 2023
A new bull market began on Thursday and went a notch higher on Friday. That’s because the S&P 500 (SPY) has risen more than 20% from the October lows marking…

Reddit CEO doubles down on attack on Apollo developer in drama-filled AMA

June 9, 2023

Reddit’s unpopular decision to revise its API pricing in a move that’s forcing third-party apps out of business has taken a weird turn. In an AMA hosted today by Reddit co-founder and CEO Steve Huffman, aka u/spez on the internet forum site, the exec doubled down on accusations against the developer behind the well-liked third-party […]

Reddit CEO doubles down on attack on Apollo developer in drama-filled AMA by Sarah Perez originally published on TechCrunch

Carvana crashes back down to earth

June 9, 2023

Carvana’s big rally is now looking more like a blip on the radar. Shares in the online-car retailer soared Thursday, closing up by 56% from the prior day on news that it expected to post $50 million worth of adjusted EBITDA in the current quarter, powered by stronger per-car sales profitability. For Carvana, the gains […]

Carvana crashes back down to earth by Harri Weber originally published on TechCrunch

FIS acquires banking-as-a-service startup Bond

June 9, 2023

Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today.  Fintech Business Weekly’s Jason Mikula broke the news last week that the deal was in the works. Our […]

FIS acquires banking-as-a-service startup Bond by Ingrid Lunden originally published on TechCrunch