Tesla to Sell Up to $5 Billion in Stock

Sam Hadla September 1, 2020 No Comments

Tesla to Sell Up to $5 Billion in Stock

Tesla Inc. said it planned to raise up to $5 billion through stock offerings from time to time as the electric-vehicle maker, which has enjoyed a surging share price, makes another investment push. The return to capital markets comes after the stock split 5-for-1 on Monday, sending it up 13% to $498.32. The planned fundraising represents roughly 1.1% of Tesla’s $464 billion market capitalization, according to FactSet.  

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The US needs to talk about long-term coronavirus symptoms, a doctor and a patient say

Sam Hadla September 1, 2020 No Comments

The US needs to talk about long-term coronavirus symptoms, a doctor and a patient say

CNN)It’s been almost five months since Shelby Hedgecock tested positive for Covid-19, and the former personal trainer said her symptoms are still debilitating. Hedgecock is among patients who call themselves “long-haul survivors” — those who experience symptoms long after testing positive. And long-term effects like theirs need to be taken seriously, a doctor researching these symptoms told CNN on Monday night. “This is the conversation that needs to be had in the medical and the research community, not just in the sufferers who are actually dealing with it,” Dr. William Li said. Covid-19 can be a prolonged illness, even among young adults without underlying chronic medical conditions, the US Centers for Disease Control and Prevention reported in July. Thirty-five percent of patients surveyed by the agency said they still weren’t back to their usual good health even two to three weeks after testing positive for the disease. The rest said they’d returned […]

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OfferUp and letgo combine marketplaces, post-acquisition

Sam Hadla September 1, 2020 No Comments

OfferUp and letgo combine marketplaces, post-acquisition

OfferUp and letgo combine marketplaces, post-acquisition Earlier this year, online marketplace OfferUp  raised $120 million and acquired a top competitor, letgo, as a part of the fundraise led by letgo’s majority investor, OLX Group. As a part of the deal, OfferUp said it planned to eventually combine the businesses’ respective marketplaces into one but didn’t get into specifics of how that merger would take place. Today, OfferUp says it has now combined the OfferUp and letgo marketplaces into a new app and explained how the transition will work for former letgo users. The newly combined OfferUp and letgo application is available across both iOS and Android, and expands the number of deals, buyers and sellers, by nature of its combined communities. With the expansion and merger, users on the new marketplace will also gain access to features like nationwide shipping and OfferUp’s safety programs like TruYou and Community MeetUp Spots. In addition, the listings on the app will never expire, though […]

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