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Forbes jumps into hot media liquidity summer with a SPAC combo

TechCrunch

The transaction will close either Q4 2021 or Q1 2022, Forbes estimates. Forbes reports that it will sport “an implied pro forma enterprise value of $630 million, net of tax benefits,” after its completion. The company will sport an equity valuation of $830 million after the deal closes, per its own calculations.

Media 252
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It turns out fintech is worth as much as SaaS

TechCrunch

At $43 per share, Remitly is valued less like a fintech company with gross margins in the 50% to 60% range and more like a middle-tier public SaaS firm, flush with recurring revenues and net-dollar retention north of 100%. In the second quarter of 2021, Toast reported revenues of $424.7 Fintech is the new SaaS?

Fintech 254
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Helbiz reports revenue increase but dwindling cash reserves

TechCrunch

Since Helbiz’s public debut in August 2021, its earnings reports have shown a company that burns through dwindling cash reserves, doesn’t pull in enough revenue to make up for its high costs of operations and keeps pivoting away from core operations into new, and sometimes strange, business units. The remaining $1.7

Report 227
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6 Tech Trends that will reshape Media & Entertainment in 2021

Trigent

The number of OTT service users in the United States is expected to reach 198 million by 2021. in 2023 with eSports being touted as the future of sports. Legalized sports betting will also see a surge with 5G technology, and several sports stadiums and similar arenas in the U.S. revenue that was generated in 2018.

Media 98
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Enhancing customer care through deep machine learning at Travelers

CIO

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. This is kind of a team sport for us, so itâ??s And I would say this is kind of a team sport for us, so itâ??s s SVP and chief data & analytics officer, has a crowâ??s

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Daily Crunch: Hackers pinched LastPass customers’ encrypted password vaults, parent company admits

TechCrunch

New companies in this sector raised around $600 million last year, a steep decline from $800 million in 2021. Now here’s five more: Nothing but net : Kyle attended a Niantic event about NBA All-World to give you an inside look at why the Pokémon GO maker is trying its hand at sports.

Company 257
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The Leadership Secrets of Ted Lasso

CEO Insider

Ted Lasso, the sports comedy-drama series, can make anyone a better leader, if you can stop laughing long enough to pay attention. Copyright The CEOWORLD magazine Limited 2021. At first, I was just enjoying the comedy and the setting in London, but after a few episodes I started to experience something deeper. All rights reserved.