Coinbase’s blockbuster debut is a ‘watershed’ for crypto — but there are risks ahead

Coinbase is set to go public through a blockbuster direct listing Wednesday, and investors are hailing it as a “watershed” moment for the cryptocurrency industry. The digital currency exchange could be valued at as much as $100 billion, making it more valuable than major trading venue operators like New York Stock Exchange parent Intercontinental Exchange … Read more

Venture funding soared to record $64 billion in Q1

Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised $64 billion in the first three months of the year, according to analysis this week … Read more

SoftBank invests $500 million in digital mortgage lender

Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest … Read more

Bitcoin exchange Kraken considers going public after record trading volumes in the first quarter

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Cryptocurrency exchange Kraken is considering going public through a direct listing in 2022, after seeing record trading volumes and new clients amid a surge in the price of … Read more

Sneaker reseller StockX’s valuation jumps to $3.8 billion

Scott Cutler, CEO, StockX Scott Mlyn | CNBC StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion. On Thursday, StockX announced the conclusion of a $195 million secondary tender offering as well as an additional $60 million in Series E-1 primary shares. “This … Read more

Tesla refunds customers for duplicate charges after outcry

This photo of a production version of Tesla’s Model Y was included in the company’s Q4 2019 earnings report. Tesla Tesla has refunded customers it charged twice for new vehicle purchases made at the end of the first quarter, CNBC has learned. The refunds followed CNBC’s reporting on the duplicate charges and a video review … Read more

Tesla double-charged some customers for new cars, leaving them desperate for refund details

Christopher Lee and his 2021 Tesla Model Y Christopher T. Lee Last week, after paying for brand new Tesla electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to find the company had charged them twice, taking tens of thousands of dollars from their bank accounts … Read more

Elon Musk turns down $1 million offer to buy his tweet as an NFT

Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Win McNamee | Getty Images Tesla and SpaceX CEO Elon Musk withdrew the offer to sell one of his tweets as a non-fungible token (or NFT) on Tuesday, even though a bidder had offered … Read more

Tesla moves Automotive president Jerome Guillen to lead trucking business

US electric car maker Tesla Vice President Jerome Guillen poses at the Paris Auto Show on the last press day on October 3, 2014. The Paris Auto show opens to the public on Saturday.  Eric Piermont | AFP | Getty Images Tesla has moved its former president of Automotive, Jerome Guillen, into the role of … Read more

Fidelity leads a $376 million investment in Starling, valuing the UK digital bank at $1.5 billion

The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — Starling Bank, a digital-only challenger bank in the U.K., said Monday that it’s raised £272 million ($376 million) in an investment round. The fresh cash injection, led by Fidelity Investments, values Starling at £1.1 billion, or $1.5 billion. … Read more