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Uber Technologies Inc. (UBER) announced that it has entered into a Google (GOOGL) master agreement under which the ride-hailing company will get access to Google Maps platform rides and deliveries services.As part of the four-year agreement, Uber and Google have adopted a new pricing model based on the number of billable trips taken using the services, instead of the number of requests. The transaction also includes tiered volume-based discounts. Financial terms of the agreement weren’t disclosed.The agreement replaces a previous agreement with Google in connection with its Maps services. According to company filings, Uber paid Google about $58 million for using Maps during 2016 to 2018. Google Maps is built into the the ride-hailing company’s app for the use by its drivers and customers.“We do not believe that an alternative mapping solution exists that can provide the global functionality that we require to offer our platform in all of the markets...
Shares in Nikola Corp. (NKLA) plunged almost 15% in extended market trading on Friday as the maker of hydrogen-fueled vehicles filed an offering to sell 23.9 million shares of common stock.The stock dropped to $41.78 in after-market trading on Friday. According to the SEC filing, the 23,9 million shares of common stock are issuable upon the exercise of 890,000 warrants originally issued in a private placement in connection with the initial public offering of VectoIQ and up to 23 million shares. The company expects to receive $11.50 per warrant and generate up to $274.7 million from the exercise of the warrants.In addition, the preliminary share prospectus disclosed that shareholders may offer from time to time to sell 53.4 million shares of common stock.Since Nikola went public on June 4 via a merger with VectoIQ, the stock soared from below $15 before the deal was announced to $48.84 at the close on Friday. Shares...
Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday. The Japanese government hopes to tap the expertise of global chipmakers to rejuvenate the lagging domestic chip industry as advanced chip technologies have become a focal point in national security issues, Yomiuri said. The government is planning to offer a total of several hundred billion yen, or equivalent to several billion dollars, over multiple years to overseas chipmakers who join the project, the daily said, without citing sources....
Twitter Inc disabled a campaign-style video that President Donald Trump retweeted on Saturday, citing a copyright complaint. The video, which included music from the group Linkin Park, disappeared from the president's Twitter feed late Saturday with the notification: "This media has been disabled in response to a report by the copyright owner." Twitter removed the video, which Trump had retweeted from White House social media director Dan Scavino, after it received a Digital Millennium Copyright Act notice from Machine Shop Entertainment, according to a notice posted on the Lumen Database which collects requests for removal of online materials....
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]...
It’s a bullish start to the day. Avoiding a pullback through the day’s pivot levels would bring the major resistance levels into play....
