Business

Tinder founders sue IAC claiming company robbed them of stock options

A group of founders, current executives as well as early employees of Tinder sued the dating app’s owner IAC as well as its subsidiary Match Group for at least $2 billion, claiming the defendants “robbed Tinder employees” by cooking financial information, “undermining Tinder’s valuation as well as unlawfully stripping away their Tinder stock options.” Plaintiffs within the case filed in ...

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Alphabet invests $375 million in Josh Kushner-founded Oscar Health

Alphabet has invested $375 million in Oscar Health, a 6-year-old health insurance start-up co-founded by Joshua Kushner, the brother of Donald Trump adviser Jared Kushner. The brand-new funding comes only a few months after two different subsidiaries of Alphabet — venture firm Capital G along with life sciences division Verily — participated in a $165 million round which sources familiar ...

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Cramer Remix: Why in which stock could be red hot

Luke Sharrett | Bloomberg | Getty Images Customers carry Coach Inc. shopping bags after shopping at a store during a charity preview event on the eve of the grand opening of the Outlet Shoppes of The Bluegrass in Simpsonville, Kentucky. Tapestry along with also Home Depot both reported second-quarter earnings before the bell on Tuesday, along with also CNBC’s Jim ...

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Y Combinator to set up China arm with ex-Baidu COO Qi Lu as CEO

David Paul Morris | Bloomberg | Getty Images Qi Lu speaks during a keynote session at the Microsoft Developers Build Conference in San Francisco, California, U.S. on March 31, 2016. American start-up incubator Y Combinator is actually setting up shop in China, using a fresh unit to be led by former Baidu chief operating officer Qi Lu. Sam Altman, Y ...

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What Tesla takeover proposal could look like

currently of which Tesla CEO Elon Musk has hired advisers for his plan to take the U.S. electric car maker private, in addition to the Tesla board has named a special committee of independent directors to evaluate This specific — two steps CNBC reported might happen last week— the next milestone can be for Musk to actually put together a ...

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Apple looks to develop chip for processing health data

Apple includes a team exploring a custom processor that will can make better sense of health information coming off sensors through deep inside its devices, job listings show. The effort hints at Apple’s ability to pump out custom chips on as-needed basis, reflecting a greater level of vertical integration than various other technology companies. Building custom chips for narrow functions ...

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