News about Silicon Valley business almost everyday.
Airbnb CEO and co-founder Brian Chesky is one of the world’s richest men with his stake in the home and apartment rental company. Chesky holds 76,437,399 shares in Airbnb based on SEC filings as of April 23. With a Wednesday closing price of $167.44, Chesky’s stake is worth $12.8 billion. Chesky, 40, earned a salary […]
NASA’s James Webb Space Telescope successfully launched last Saturday at 7:20 a.m. EST on an Ariane 5 rocket from Europe’s Spaceport in French Guiana, South America. [Photo above: NASA’s James Webb Space Telescope is seen above Earth after separating from its Ariane 5 rocket on Dec. 25, 2021. The view is from a camera on the rocket as Webb […]
The median home sale price rose 14.6% year over year to a new all-time high of $361,171 during the four-week period ending December 26, according to a new report from real estate brokerage Redfin. This comes as the number of homes for sale fell to a record low. New listings and pending sales both dropped to their lowest […]
SAN FRANCISCO — San Francisco Equity Partners (SFEP), a private equity firm focused on expansion-stage companies in the consumer sector, has acquired a majority stake in Petaluma-based Rustic Bakery, a pioneer and market leader in organic and specialty foods, and one of the highest-velocity specialty cracker brands in the market. Terms of the deal were […]
According to Doordash, the largest food-delivery service in the country, French Fries and Chicken Nuggets were the most popular food items ordered by customers in 2021. Data is from Doordash and DashPass customers from January to October 2021. Below is the list of 20 most popular food items. Top 20 Ordered Items in 2021 French […]
Instacart, the nation’s largest grocery delivery service, introduced a year ago Electronic Benefits Transfer and Supplemental Nutrition Assistance Program (EBT SNAP) payments integration for its grocery partners. And since then, the company has continued to expand this offering. As of September 2021, 21.39 million households around the nation were using SNAP benefits according to USDA […]
Actor Dwayne Johnson, also known as The Rock, has been chosen as America’s top celebrity dream workout partner in a survey by Life Time fitness centers. The response is one of several from Life Time’s annual survey of nearly 1,000 people across the country to determine trends, fun insights, and habits in the health and […]
LG Display, the South Korean maker of display technologies, has unveiled its newest OLED TV technology ‘OLED EX’. The next-generation OLED EX display implements LG Display’s deuterium and personalized algorithm-based ‘EX Technology,’ which helps boost the display’s overall picture quality by enhancing brightness up to 30 percent compared to conventional OLED displays. The OLED EX […]
The founders of Hashicorp, a cloud platform for businesses that went public earlier this month, are collectively worth $3.3 billion. Shares in Hashicorp were up 8.6% Monday to close at $97.60. The company went public at $80 per share on December 8. Co-founder Mitchell Hashimoto holds 15,127,104 shares in the company worth $1.47 billion. Co-founder […]
Six tech companies were added to the Nasdaq-100 Index (Nasdaq: NDX) last week in an annual reconstitution of the index. The following six companies were added to the Nasdaq 100: Airbnb, Inc. (Nasdaq: ABNB), Fortinet, Inc. (Nasdaq: FTNT), Palo Alto Networks, Inc. (Nasdaq: PANW), Lucid Group, Inc. (Nasdaq: LCID), Zscaler, Inc. (Nasdaq: ZS), Datadog, Inc. […]
California remains the most populous state in the nation from new figures by the U.S. Census Department. According to the U.S. Census Bureau’s Vintage 2021 national and state population estimates and components of change, the population of the United States grew in the past year by 392,665, or 0.1%, the lowest rate since the nation’s […]
Doordash has inked a nationwide partnership with retailer JCPenney to offer on-demand delivery of home, electronics, and beauty & personal care products from more than 600 JCPenney stores nationwide. Just in time for the holidays, consumers can now shop for thousands of items from one of the nation’s leading department stores through the DoorDash app […]