Here are the top trending news from the world of technology…check it out
Coinbase lists on Nasdaq, Valuation soars to $85 Bn
Coinbase made history on Wednesday as it becomes one of the first cryptocurrency exchanges to go public and it made a pretty impressive debut at Nasdaq. Making its debut at a price of $250 per share, it ended the day with a healthy price of $328.28, which eventually soared the company’s valuation to $85 Bn on a fully diluted. Coinbase’s public listing will allow investors to invest in cryptocurrency with the help of the almighty dollar.
It is raining unicorns in India, fintech startup Zeta may be the next to hit billion dollar valuation
According to reports, Indian fintech startup Zeta is in the last stage of negotiation with SoftBank to raise a massive funding round, which is likely to propel the startup to coveted unicorn club. Zeta is a full stack API platform that help banks in launching retail products in a hassle-free way. Zeta will become the latest entrant in the unicorn space, which saw four high-profile Indian startups hitting the billion-dollar valuation. Three startups – ShareChat, GupShup and Cred – were funded by Tiger Global.
Richard Branson sells over $150 Mn Virgin Galactic stocks
Richard Branson has sold shares worth $150 Mn shares of Virgin Galactic shares in the open market. Branson’s decision to dilute his stake in his space tourism company has come almost a month after Virgin Galactic’s Chairman Chamath Palihapitiya diluted its complete stake in the company. Virgin Galactic was founded with the aim of revolutionizing the space tourism, flying humans into the enigmatic world of space and bringing them back to earth.
Ford’s boss takes a jab at Tesla’s CEO Elon Musk
Ford’s CEO Jim Farley on Thursday took to Twitter to post the video of its upcoming hands-free highway driving system. But the video was posted with a tweet that said “BlueCruise! We tested in the real world, so our customers don’t have to.” The tweet was apparently meant as a jab at Tesla CEO Elon Musk as in it has faced flaks for using customers and real roads for testing similar system.