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Turkish competition board approves Uber acquisition of Getir delivery business
Reuters77d agoneutral
Turkish competition board approves Uber acquisition of Getir delivery business

The Turkish Competition ‌Board said on Friday ‌it had approved Uber ​Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from ‌Emirati controlling ⁠shareholder Mubadala. "The commitment by Uber Technologies ⁠Inc. to invest a total of ​US$500 million ​in ​Turkey is expected ‌to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development ‌of Turkey's digital ​and technology ​infrastructure," ​the competition board ‌said. Uber said in ​February ​it had agreed to acquire Getir's delivery ​arm, ‌expanding the U.S.-based company's ​Turkish footprint.

Bloomberg78d agoneutral
SpaceX Shares End First Week of Trading Up 37% From IPO Price

(Bloomberg) -- SpaceX stock ended higher in its first week of trading, even though its rough ride showed the largest-ever IPO was not immune to the type of share-price volatility that tends to rock big companies after they go public. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealMukesh Ambani’s Promise to Investors on Jio IPO Will Be Tested Th

SpaceX shares tumble as post-IPO frenzy loses steam
Reuters78d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant
TheStreet78d agoneutral
HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant

HIVE Digital Technologies (Nasdaq: HIVE) is turning nearly a decade of renting space in northern Sweden into permanent ownership. The company announced on June 18 that the Boden Municipal Council has approved its acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB, ...

SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)
InvestorsHub78d agoneutral
SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)

SpaceX (NASDAQ:SPCX) shares edged higher in premarket trading on Thursday after posting their first daily decline since the company’s record-breaking stock market debut, following a remarkable rally that briefly propelled the aerospace group above some of the world’s largest technology companies by market value. SPCX rose 1.