Square and Afterpay have entered into a “Scheme Implementation Deed” under which Square will acquire all of the issued shares in Afterpay. The transaction will be paid entirely in stock and is estimated to have a value of $29 billion. Like many other buy-now-pay-later companies, Afterpay has thrived during the pandemic as more shoppers have […]
On Friday, Xavier Niel announced a “simplified public tender” offer for Iliad shares at an offer price of $216 per share. The proposal saw a 61% increase for the stock on the Euronext Paris, boosting Niel’s net worth by $3 billion up to an estimated net worth of $10.4 billion. Niel owns approximately 70% of […]
On 29 July, after a bumpy few months and a fair share of troubled headlines, Robinhood founders Vlad Tenev, 34 and Baiju Bhatt, 36 each sold around $50 million worth of stock. The mobile-friendly discount brokerage, which pioneered commission-free stock trades, generated a profit of just under $2 billion in its public market debut. Following […]
Wayne Johnson, CEO and co-founder of Encompass, explains what pKYC is, why it is yet to materialise, and how businesses can reap the its benefits. Most organisations are embarking on digital transformation programmes to build better customer relationships and have already changed due diligence processes drastically, with a majority already committed to taking a digital […]
In an open letter to NASA administrator Bill Nelson, Bezos said he would waive up to $2 billion in contract payments for the first two years if NASA agrees to add his space company, Blue Origin’s, lunar lander to a key phase of its Human Landing System programme. The programme will see humans landing on […]
Gone are the days when customers had only one or two options available to them due to geographic location and other limiting factors. In an age of e-commerce, there are literally hundreds of thousands of accessible stores selling every product under the sun. This freedom of choice means that customers don’t just get to be […]
Simon Whatson, Vice President of Efficio Consulting, explains why teams must arm themselves with as much knowledge and skills as possible. Procurement has become something of a conundrum over the past 18 months. Amidst organisations’ pre-existing transformation efforts to capitalise on globalisation and digitisation, the world suddenly became a lot smaller. For businesses in the […]
When everything is running smoothly within your business, you may not think you need to make any improvements. After all, if work is being completed and you don’t hear any complaints, you may not concern yourself with any modifications. However, there’s one thing that could make your business even more productive, and that’s a workplace […]
Lynne Darcey Quigley, CEO and Founder of Know-it, explains why the platform-as-a-service concept is an advancement that financial business leaders cannot afford to neglect. Customers crave convenience. However, financial institutions often struggle to meet their demands whilst safeguarding information. As banks comply with evolving regulations, customers will benefit from the opening of APIs to customer […]
Dr Penny Pullan, Author of "Making Workshops Work: Creative Collaboration for Our Time", explains how workshops can build on the best practices of the past as well as overcome new barriers. During lockdowns, huge numbers of staff learned how to use virtual technology to interact with colleagues. The only way of meeting was via technology. […]
On Tuesday, Amazon founder Jeff Bezos successfully completed his long-anticipated trip to space on a rocket produced by his own private aerospace manufacturer Blue Origin. The trip lasted around 10 minutes, with Mr Bezos being accompanied by his brother, Wally Funk, and 18-year-old Dutch student, Oliver Daemen, who paid millions to experience the flight alongside […]
Financial services company Robinhood is seeking a market value of up to $35 billion in its approaching initial public offering (IPO). The share price will sit between $38 to $42 per share, with the IPO marking the public coronation of the controversial financial services platform. According to the SEC filing on Monday, Tenev and co-founder […]
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