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HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
Tesla stock struggles as delivery fears and Musk bets test investor faith
Invezz· 2026-03-27 17:59
Tesla stock struggles as delivery fears and Musk bets test investor faith Tesla stock struggles as delivery fears and Musk bets test investor faith Artificial intelligence This score is generated through AI-driven analysis of the article's content. Author Ananthu C U Mar 27, 2026, 17:59 PM Shares of Tesla remained under pressure on Friday, extending a weak run as investors weighed softer delivery expectations, geopolitical risks, and uncertainty surrounding CEO Elon Musk's long-term strategy. The stock fell ...
Seagate vs. IBM: Which Enterprise Storage Stock is the Better Bet?
ZACKS· 2026-03-27 17:55
Key Takeaways Seagate benefits from AI-driven storage demand, HAMR growth and nearline capacity booked through 2026.IBM is focusing on hybrid cloud, AI software, and consulting, with generative AI business surpassing $12.5B.STX surged 346% in a year while IBM fell 0.9%, reflecting different growth and valuation profiles.The global data explosion driven by AI, cloud computing, IoT and analytics is reshaping the enterprise storage industry. Organizations are generating unprecedented volumes of data, and the n ...
Walmart or Costco: Who's Winning the Modern Retail Game Right Now?
ZACKS· 2026-03-27 17:55
Key Takeaways Walmart and Costco are retail giants using low prices, private labels and digital growth to drive sales. Walmart sees e-commerce, ads and membership grow fast, boosting margins and diversifying earnings. Costco posts 9% sales growth, strong renewals and digital sales rising over 20%. Walmart Inc. (WMT) and Costco Wholesale Corporation (COST) are two of the largest global retail powerhouses, both leveraging scale, value pricing and membership-driven ecosystems to drive consistent traffic and st ...
Is Trump losing his grip on the market? Sustained stock declines suggest the president's influence has waned.
MarketWatch· 2026-03-27 17:55
President Trump's willingness to de-escalate the Iran conflict has kept stocks from even larger losses in March — but is he losing his grip on markets? ...
Amazon Drops 3%: What Macro Pressure and AI Spending Concerns Mean for AMZN Stock Right Now
247Wallst· 2026-03-27 17:52
Amazon Drops 3%: What Macro Pressure and AI Spending Concerns Mean for AMZN Stock Right Now - 24/7 Wall St. S&P 5006,397.30 -1.57% Dow Jones45,371.20 -1.59% Nasdaq 10023,213.20 -1.88% Russell 20002,455.11 -2.01% FTSE 1009,970.00 +0.10% Nikkei 22551,737.00 -1.79% Stock Market Live March 27, 2026: S&P 500 (SPY) Slips Despite Trump Deadline Extension Investing Amazon Drops 3%: What Macro Pressure and AI Spending Concerns Mean for AMZN Stock Right Now By David MoadelPublished Mar 27, 1:52PM EDT Quick Read Am ...
Group Casino: Repayments confirmation to Quatrim secured bondholders
Globenewswire· 2026-03-27 17:50
Repayments confirmation to Quatrim secured bondholders Paris, March 27, 2026 Groupe Casino announces that it has repaid on March 27, 2026, €20.8m of the secured debt carried by its subsidiary Quatrim, including €19.9m of principal and €0.9m of accrued interest (including €0.2m of PIK interests for the period between April 6, 2025 and October 5, 2025 and € 0.7m of accrued interests for the period between October 6, 2025 and March 26, 2026). Following this transaction, the nominal amount of the Quatrim secure ...
Internet Giants ETF Cuts Meta and Alphabet in Rebalance
Etftrends· 2026-03-27 17:48
Internet Giants ETF Cuts Meta and Alphabet in Rebalance The rebalance trimmed Meta from 7.37% to 6% and Alphabet from 7.25% to 6%, according to ETF Database. The move echoes themes from Morningstar's 2026 Global Outlook, which urged investors to reduce dependence on the Magnificent Seven and take advantage of more attractive valuations elsewhere in technology. The ALPS O'Shares Global Internet Giants ETF (OGIG)reduced its exposure to Meta Platforms Inc. (META)and Alphabet Inc. (GOOGL)during its Ma ...
Epstein victims sue Google, Trump administration for disclosing personal information
CNBC· 2026-03-27 17:48
A tablet screen displays a portrait of Jeffrey Epstein beside the U.S. Department of Justice website page titled Epstein Library, Feb. 11, 2026.A victim of notorious sex predator Jeffrey Epstein filed a class action lawsuit on behalf of herself and other survivors against the Trump administration and Google for allegedly wrongfully disclosing and publishing personal information about them.The suit, filed on Thursday in U.S. District Court for the Northern District of California, where Google is headquartere ...
MicroCloud Hologram Inc. Reports 39.1% Increase in Total Revenue for Fiscal 2025
Prnewswire· 2026-03-27 17:47
<!doctype html> <!-- For structured data --> <!-- For language declaration --> MicroCloud Hologram Inc. Reports 39.1% Increase in Total Revenue for Fiscal 2025 <!-- Additional Authorable Meta tags --> Accessibility StatementSkip NavigationSHENZHEN, China, March 27, 2026 /PRNewswire/ -- MicroCloud Hologram Inc. (Nasdaq: HOLO) ("MicroCloud" or the "Company") today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commi ...