News about Silicon Valley business almost everyday.
SAN JOSE — eBay, one of the world’s largest online marketplaces, has introduced eBay Refurbished, a new destination for like-new products. Shoppers can discover refurbished items from brands like Apple, Samsung and Dyson, all backed with a one- or two-year warranty. Through this new offering, the deeply discounted inventory is sourced directly from premium brands […]
NVIDIA says it will help its 9,000+ members of NVIDIA Inception with a better chance to get venture capital funding. The company is introducing a new program benefit to connect these startups with a rapidly growing community of 200 VCs and investors. The NVIDIA Inception VC Alliance will open new paths for startups to engage, create […]
SAN FRANCISCO — Dollar General has announced a delivery partnership with DoorDash to offer on-demand delivery of household essential items, including food, snacks, cleaning supplies, and more, at everyday low prices customers trust Dollar General to provide. Shares in Doordash are up 23% this week following the Dollar General announcement and also the company’s $8 […]
Southwest Airlines has selected 52 nonprofit organizations that will each receive 100 domestic one-way Southwest travel awards to help spread kindness and support their missions. The winning organizations were chosen as part of a contest the carrier launched in September after achieving one million Acts of Kindness in 2021, a goal set to celebrate Southwest’s 50th Anniversary. […]
Venmo, the online payment service owned by PayPal, has introduced a new feature that will allow customers to set price alerts for the cryptocurrencies on the Venmo platform, to help them track the price of the four cryptocurrencies available to buy, hold and sell on Venmo. Venmo customers can now enable alerts to receive push […]
SANTA CLARA — New housing data shows 2021’s feverish home sales pace broke a yearly record in October, even as fall sales activity followed steadier seasonal patterns. With last month marking the eighth straight month of buyers snatching up homes more quickly than the fastest pace in previous years and fewer new sellers entering the market than […]
CUPERTINO — Alex Gorsky, chairman and CEO of Johnson & Johnson, has been elected to Apple’s board of directors. Gorsky will bring decades of experience in corporate leadership and health technologies to Apple’s board. Apple — maker of iPhones, Macs and iPads — is the world’s second-largest company based on stock market capitalization just behind […]
Stanford University announced a 40.1% investment return in its endowment funds for the year ending June 30, 2021. The Merged Pool is the principal investment vehicle for the university’s endowment. Stanford’s performance surpassed the 33.4 percent median return for U.S. college and university endowments for the year, as preliminarily reported by Cambridge Associates, and represented […]
NASA’s SpaceX Crew-2 astronauts safely splashed down in the Gulf of Mexico off the coast of Florida Monday aboard the Crew Dragon Endeavour spacecraft, completing the agency’s second long-duration commercial crew mission to the International Space Station. The mission set a record for the longest spaceflight by a U.S. crewed spacecraft. The international crew of four spent 199 days in […]
Apple Original Films has debuted a new movie with Academy Award-winning actor Tom Hanks called “Finch,” which debuted in select theaters and on Apple TV+ last Friday, November 5. This is the second movie starring Hanks to appear exclusively on Apple TV+ following last year’s Greyhound movie about a World War II submarine battle. Those […]
SAN JOSE — McAfee Corp., a provider of computer security and virus protection, has agreed to be acquired by an investor group led by Advent International Corporation and Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). The […]
SAN FRANCISCO and MENLO PARK — Nextdoor, Inc., which operates a social neighborhood network, is set to go public tomorrow with Khosla Ventures Acquisition Co. II (Nasdaq: KVSB) (“KVSB”), a special purpose acquisition company sponsored by an affiliate of venture capital firm Khosla Ventures, LLC. The combined company is expected to start trading on The New York […]