DoorDash aims to raise $3.14 billion in much-awaited IPO

(Reuters) – Food delivery startup DoorDash Inc said on Friday it now expects to raise up to $3.14 billion in its U.S. initial public offering (IPO) after lifting its pricing range, signaling a frenzied interest from investors.



a person wearing a helmet: FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City


© Reuters/CARLO ALLEGRI
FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City

DoorDash, the biggest U.S. third-party delivery company for restaurants, plans to sell 33 million shares at between $90 and $95 apiece, it said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1792789/000119312520309968/d752207ds1a.htm. It had earlier targeted a price range of between $75 and $85 per share.

Founded in 2013, DoorDash is backed by the Vision Fund managed by Japanese tech giant SoftBank Group Corp, venture capital firm Sequoia Capital and the Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund.

Video: DoorDash kicks off IPO roadshow with updated filing (CNBC)

DoorDash kicks

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Microsoft aims to help businesses get handle on data with new tool

By Stephen Nellis



a store inside of a building: FILE PHOTO: A Microsoft logo is seen in Los Angeles


© Reuters/LUCY NICHOLSON
FILE PHOTO: A Microsoft logo is seen in Los Angeles

(Reuters) – Microsoft Corp on Thursday announced a new cloud-based tool designed to help corporate customers understand where data is scattered throughout their operations and whether they are in compliance with data privacy regulations.

Once known for its Windows operating system and applications such as Office, Microsoft has built a large business in cloud computing, helping store and process huge amounts of data for corporate customers.

Last year, it introduced a tool called Azure Synapse that is being used by companies such as FedEx Corp to analyze the flow of its 16 million daily packages.

Gallery: 14 of the best email apps to help you achieve inbox zero (Pocket-lint)

But for large companies, stores of data have become so large, and distributed across so many countries, that Microsoft is rolling out a tool called

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PubMatic Aims For $100 Million IPO

PubMatic (PUBM) intends to raise $100 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.

Redwood City, California-based PubMatic was founded to enable real-time programmatic advertising transactions via its specialized purpose-built advertising database and delivery infrastructure.

The system exists to help publishers and application developers monetize their advertising placement inventory in an efficient and reliable manner across different devices and platforms.

Management is headed by co-founder and CEO Rajeev Goel, who was previously product marketing director at SAP AG (SAP).

Below is a brief overview video of PubMatic:

Source: PubMatic

The firm provides a sell side advertising infrastructure platform within the digital advertising ecosystem, as shown in the graphic below:

pubmaticoffering

In addition, PubMatic has integrated its system with demand side platforms such as The Trade Desk (TTD) and Google DV360 (GOOG).

PubMatic has received at least $96 million from investors

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Airbnb aims for $35 billion valuation in long-awaited IPO

(Reuters) – Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.

FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo

In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.

Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch.

Airbnb struggled

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IBM aims for quantum computing safe encryption, security tools

IBM Cloud said it will offer cryptography technology that will be futureproofed for quantum computing deployments.

Big Blue, which is among the key players in the quantum computing race, launched Quantum Safe Cryptography for Key Management and Application Transactions.

Quantum computing promises to solve new problems, leap past supercomputers and possibly used to easily break encryption algorithms and data security measures.

IBM’s bet is that it can combine its security and hybrid cloud knowhow with its quantum computing research.

The new tools under the quantum-safe effort from IBM include:

  • Quantum Safe Crypto Support, a service to secure data transmissions between hardware externally and internally via a quantum-safe algorithm.
  • Extended IBM Cloud Hyper Protect Crypto Service, a design to protect transactional data within applications. The protection covers encryption schemes in databases and digital signature validation.

These services will support the following:

  • IBM Key Protect and for Red Hat OpenShift on IBM
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DoorDash aims for up to $27 billion valuation in IPO

  • DoorDash is seeking to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering.
  • Those numbers would make DoorDash one of the most high-profile stock market debuts of the year.
  • Visit Business Insider’s homepage for more stories.

(Reuters) – Food-delivery startup DoorDash is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.

SoftBank-backed DoorDash plans to sell 33 million shares priced between $75 and $85 apiece, it said in a regulatory filing on Monday, as it looks to take advantage of a boom in U.S. capital markets.

DoorDash and rivals Uber Eats, GrubHub Inc and Postmates Inc have benefited from a surge in demand for food delivery services due to widespread COVID-19 lockdowns.

The company reported a surge in revenue

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Fighting space junk: UT, IBM project aims to bring order to orbital chaos – Business – Austin American-Statesman

It’s getting crowded in Earth’s orbital space.

More than half a million man-made objects — ranging from as small as a speck to as large as a school bus — are orbiting the planet at a variety of speeds and paths. Many of those devices are no longer active — space junk, if you will — and only about 26,000 satellites are being tracked.

Still, various governments and private companies have plans to send 20,000 more objects into orbit within the next five years.

Satellites serve a variety of key uses, from national security to keeping the Internet online. But for the most part space traffic — and the resulting debris — is being tracked imperfectly, inconsistently or not at all.

“There are no sort of laws or rules right now in the space. It’s the Wild West. Whoever can put stuff up, it’s yours,” said Naeem Altaf, an Austin-based

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Spaceloon aims to take science beyond the stratosphere

Sub-orbital spaceflight is an expensive business, and the reliance on rocketry continues to limit access to space and leave gaps in our knowledge of the upper atmosphere. Spaceloon is looking to address these problems with its balloon technology, and you can get on board to help.

Balloons have long been used to collect scientific data about the Earth’s atmosphere, but current state-of-the-art high-altitude balloons can be unreliable and top out at altitudes of around 30 to 35 km (19 to 22 miles). In fact, the current record for the highest altitude for an unmanned balloon is 53.7 km (33.4 miles), achieved by the Japan Aerospace Exploration Agency (JAXA) in 2013.

Spaceloon is reaching higher. With its patent-pending technology it is looking to enable altitude-specific, consistent and reliable access right up to altitudes of 80 km (50 miles) – that’s right through the stratosphere into the mesosphere, a region of the

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A New ‘Buy Black’ Campaign Aims to Avert an Amazon Surveillance State

Illustration for article titled A New Buy Black Campaign Aims to Avert an Amazon Surveillance State

Illustration: Angelica Alzona, Ben Currie, Photo: Ring, Shutterstock

After a summer of nationwide protests against unchecked state violence brutalizing Black people in America, Amazon’s ever-escalating push to make itself indispensable to daily police work is drawing fresh scrutiny from a host of leading civil rights advocates. The tech giant’s efforts to support and enhance police surveillance capabilities, aimed unevenly at communities of color, has given rise to a new digital campaign urging Americans to be more conscientious with their spending dollars—by giving that money instead to Black-owned businesses.

MediaJustice, a nonprofit working to grow grassroots movements against racial and economic inequality, launched the campaign, “Break Up With Amazon,” on Wednesday. It hopes over time to build a consumer coalition sizeable enough to force the world’s largest retailer to end its business practices that are secretly arming police with powerfully invasive tools. Specifically, its flawed facial

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Watch Live: Russian spacewalk aims to prepare International Space Station for new module

Two Russian cosmonauts suited up for a spacewalk outside the International Space Station Wednesday to begin preparing the Pirs airlock and docking compartment for removal next year to make way for attachment of a new laboratory module.

The excursion, starting around 9:30 a.m. EST, also will validate using the Poisk docking compartment, on the opposite side of the station from Pirs, as an airlock for future Russian spacewalks after its older counterpart has been removed.

The spacewalk comes two days after arrival of four astronauts aboard a SpaceX Crew Dragon commercial ferry ship and will be carried out by Expedition 64 commander Sergey Ryzhikov and Sergey Kud-Sverchkov, both making their first trips outside the space station.


How to watch the spacewalk today

  • What: Two Russian cosmonauts will perform a spacewalk outside the International Space Station
  • Date: Wednesday, November 18, 2020
  • Time: It is expected to start at 9:30 a.m. ET
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