Friday, May 10th, 2019

Uber Goes Public

The highly-anticipated IPO debuts on the New York Stock Exchange today.

The company is offering 180 million of its common stock shares “at a price to the public of $45.00 per share” which according to CNBC, values the company at an implied market value of $82.4 billion.

The company stated in its S-1 filing that it currently operates in over 700 cities, and generates approximately 17 million trips a day.

Netflix Acquires a Children’s Educational Content Media Brand
Press Release

The on-demand streaming company announced that it has acquired StoryBots, “the children’s learning and entertainment brand behind the hit Emmy Award-winning Netflix Original series Ask The StoryBots”.

The deal looks to bring “educational content to its growing member base of kids and families around the world.”

Terms of the deal were not disclosed.

Nike Unveils a New Technology Product
Nike News

The sportswear brand announced that it’s launching Nike Fit, “a new scanning solution that uses a proprietary combination of computer vision, data science, machine learning, artificial intelligence and recommendation algorithms.”

The company stated that Nike Fit will be available within the Nike app and will use technology that measures the full shape of both feet to help customers find the perfect fit for each Nike shoe style.