![]() The trio, who participated in Y Combinator’s summer 2021 cohort, come from a mixture of backgrounds in payments, technology, APIs and investment services.Īll of them came to the U.S. The products are also compliant with local regulations.Ĭo-founder and CEO Gustavo Trigos started the San Francisco-based company in 2021 with Simon Avila and Daniel Osvath. Mentum is out to change that in Latin America, and is working on customizable investment APIs and widgets so businesses in Latin America can build and offer fully digital investment products, like local mutual funds, ETFs and stocks, to their customers. Investment in stocks or retirement accounts can seem like a complicated process if you are not sure where to begin. Last month, Ford reported it lost $3.1 billion in GAAP terms in Q1, largely due to a write-off of the value of its stake in Rivian.Īmazon reported a $7.6 billion loss on its investment in Rivian. That freefall has also affected its largest shareholders, Ford and Amazon. Rivian shares have fallen more than 75% since its public market opener. Rivian’s share price reached as high as $179.47 a week later, before coming back down to earth. (At the time, GM’s market cap was $86.31 billion Ford’s was $78.2 billion.) history and put its market cap above GM as well as Ford. ![]() Rivian debuted as a publicly traded company in November with an opening share price of $106.75, a price that made it one of the largest IPOs in U.S. ![]() The news has further accelerated the decline of Rivian’s share price since its IPO last year. #SPOTIFY JOE ROGAN DEAL SAID BE UPDATE#TechCrunch will update the article if Ford responds to a request for comment. Faber followed up on Monday, describing the sale as “done.” The sell-off came as an insider lockup for the stock expired Sunday. Over the weekend, David Faber of CNBC reported that Ford would sell 8 million of its Rivian shares through Goldman Sachs. Rivian’s stock price fell more than 17% Monday, a drop prompted by a CNBC report that Ford was selling 8 million shares of the EV automaker.įord held a 12% stake, or about 102 million shares, of Rivian. Additional reporting was contributed by Nicole Sperling in Los Angeles and Marc Tracy and Jessica Cheung in New York. Katherine Rosman and Ben Sisario reported from New York, Mike Isaac reported from Oakland, Calif., and Adam Satariano reported from London. Rogan had decided to remove them after meetings with Spotify executives and “his own reflections.” Rogan’s show had been removed from the platform. Ek wrote that “canceling voices is a slippery slope” but acknowledged that a number of episodes of Mr. “That could put at risk their future podcast strategy,” Mr. Rogan could alienate his legion of fans and set a slippery precedent with other podcasters, according to Mark Mulligan, an industry analyst with Midia Research. “We’re not in the business of dictating the discourse that these creators want to have on their shows,” he told employees earlier this month in a speech first reported by The Verge, adding that “if we only wanted to make content that we all like and agree with, we will need to eliminate religion, and politics, and comedy, and health, and environment, and education, the list goes on and on and on.”Īnd as a business matter, censoring Mr. ![]() Ek has made it clear that he is wary of taking on the role of censor. Kelly and XXXTentacion from playlists in 2018 for content or conduct deemed offensive, a decision the company quickly reversed. Many employees there - and in the United States - were angry when Spotify removed music by R. Ek, a publicity-shy executive who grew up in a suburb of Stockholm, and many of the company’s engineers and longest-tenured employees are based.įree expression is a deeply held belief in Sweden. Management of the crisis in the United States may have been further complicated because Spotify’s headquarters is nearly 4,000 miles away, in Sweden, where Mr. ![]()
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