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Meal-Kit Maker Blue Apron to Be Sold
The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership. Source link
EV Startup VinFast's Stock Rally Pushes Value Higher Than GM, Ford
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly $86 billion market value. Source
Israeli AI Startup Vesttoo Sparks a Global Insurance Scandal
The Tel Aviv-based firm is embroiled in an alleged multibillion-dollar fraud involving faked letters of credit, and may fire its founders. Source link
Rental Cars Are the New Airbnb
Entrepreneurs are renting out fleets of cars through services including Turo and Getaround, or building their own websites. Source link
Venture Firms Scale Back Megafunds
The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. Source link
Sam Altman-Backed Nuclear Startup Is Going Public Through Altman's SPAC
Oklo, which is developing a small modular nuclear reactor, is valued at around $850 million. Source link
Rivian's Rally Makes No Sense—Unless It Uses It to Raise Cash
Shares in the electric-vehicle startup are on track for a record-breaking streak of gains that it could exploit to shore up its balance sheet. Source
The Math Problem Stymieing Small Businesses in Rural America
The gap between real-estate appraisals and construction costs is getting wider, holding back entrepreneurs and the revitalization of rural communities. Source link
Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up
Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300 employees. Source link