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Articles related to "billion"


What Nancy Pelosi wants in the next stimulus package - Business Insider

  • The federal government made history in March when it passed into law a $2.2 trillion stimulus package that included an unprecedented expansion of unemployment benefits and a massive $349 billion program for small-business lending.
  • The phase-four "Heroes Act" would also extend the $600 weekly bonus to unemployment benefits through January, which Republicans have repeatedly pushed back against, calling it a "disincentive" for people to go back to work.
  • Other measures include providing $75 billion for coronavirus testing and tracing, doling out more $1,200 direct payments to people (up to $6,000 per household), extending weekly $600 federal unemployment benefits through January, and giving renters and homeowners $175 billion in aid.
  • Pelosi told The New York Times in March that her preference for a phase four would include some kind of retroactive rollback of the limit on the state and local tax deduction.

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What Nancy Pelosi wants in the next stimulus package - Business Insider

  • The federal government made history in March when it passed into law a $2.2 trillion stimulus package that included an unprecedented expansion of unemployment benefits and a massive $349 billion program for small-business lending.
  • The phase-four "Heroes Act" would also extend the $600 weekly bonus to unemployment benefits through January, which Republicans have repeatedly pushed back against, calling it a "disincentive" for people to go back to work.
  • Other measures include providing $75 billion for coronavirus testing and tracing, doling out more $1,200 direct payments to people (up to $6,000 per household), extending weekly $600 federal unemployment benefits through January, and giving renters and homeowners $175 billion in aid.
  • Pelosi told The New York Times in March that her preference for a phase four would include some kind of retroactive rollback of the limit on the state and local tax deduction.

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Hear how working from home is changing startups and investing at Disrupt 2020

  • These are critical questions, which is why we are hosting a panel of VC investor superstars to talk more about them on the Extra Crunch stage at TechCrunch Disrupt 2020.
  • He’s backed a little social tool called Slack (I refuse to call it a productivity tool, but that might be one person’s opinion), as well as that remote-first startup GitLab, which has received upwards of a $3 billion valuation, and fintech infra company Plaid, which was sold to Visa last year for $5.3 billion in one of the biggest fintech exits of 2019.
  • From how to build products to how to build teams to what investors are looking for in startups in our crazy pandemic world, this panel has got you covered.

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Etsy's on fire as reusable face mask sales surge

  • Everyone from home crafters on Etsy to large retailers like Gap and Walmart are now selling fabric face masks.
  • For Etsy, an online marketplace for crafters who sell everything from homemade jewelry to clothing and furniture, face masks have erupted into the platform's hottest new product category.
  • Market estimates for face masks range anywhere from $1 billion in sales by 2021 to as much as $9 billion, assuming that 50% of the US population will be wearing a reusable mask by this time next year.
  • A report from Chicago-based global market research firm Arizton Advisory and Intelligence, estimates the cloth face mask market will reach $800 million in the US, and $3 billion globally, by the end of 2020.
  • Saunders projects for a 12-month period (May 2020 to May 2021), reusable face mask sales will reach $1.16 billion.

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TikTok’s potential $588 per user valuation in Microsoft deal

  • Given that social media in 2012 represented a far less developed market and the almost ten year lead time, it’s difficult to directly compare Instagram to TikTok. Today Instagram is valued at over $100 billion and has over 1 billion users, placing its per user rate at $100.
  • If Facebook is some leading indicator for the pinnacle of per user value for social media, then at $50 billion for the roughly 85 million American users, TikTok’s per user value would be $588 (this doesn’t change significantly when accounting for the Australian/Canadia/NZ markets given low penetration).
  • Microsoft isn’t negotiating a price range between $20-50 billion based on revenue projections of which a majority are derivative of the Chinese Douyin market, they are at the table on the basis of becoming potentially larger than the largest social media platform in the world.

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Blackstone to Acquire Ancestry.com for $4.7B

  • Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.
  • The deal is Blackstone’s first acquisition out of Blackstone Capital Partners VIII, the largest-ever private equity fund that raised $26 billion from investors last year.
  • Blackstone is buying Ancestry.com from private equity firms Silver Lake, Spectrum Equity and Permira.
  • Singapore’s sovereign wealth fund GIC, another Ancestry.com investor, said it will continue to maintain a significant minority stake in the company.
  • The acquisition’s price tag represents a significant jump to Ancestry.com’s valuation from four years ago, when Silver Lake and GIC invested in the Lehi, Utah-based company at a $2.6 billion valuation.
  • All quotes delayed a minimum of 15 minutes.
  • See here for a complete list of exchanges and delays.

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TikTok clones are coming: Instagram Reels, Byte, Triller, and more

  • With that window of opportunity opening, a new class of apps has elbowed into the spotlight: Byte, Triller, Zynn, Clash, Instagram, and Snapchat are all offering TikTok clones or music features designed to fill the hole TikTok might leave.
  • But Instagram is launching a much more significant threat: a feature called Reels that lets people publish short videos set to music that others can watch and discover.
  • (It still plans to offer rewards for engagement, but Zynn has yet to announce what those rewards will be.) It’s not entirely fair to say these apps are all clones — Triller has been around since 2015, and Zynn is based on a popular Chinese app — but one way or another, they’ve all landed on essentially the same formula: short videos, an endless feed, often paired with music.

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Bezos just took his first post-COVID (stock) dump — and it’s worth $3.1B

  • Amazon‘s Jeff Bezos unloaded $3.1 billion worth of company stock earlier this week, representing a little less than 2% of his personal stake in the ecommerce giant.
  • Bezos‘ August dumps, which were all made as part of a pre-determined trading plan lodged with the SEC, brings the total value of the billionaire chief exec’s $AMZN sales to a jaw-clenching $7.2 billion.
  • In total, Bezos sold 1 million shares, and while the price varied, he generally got around $3,130 per share.
  • Amazon Web Services CEO Andrew Jassy sold around $22 million worth of their company stock alongside Bezos, according to the SEC docs gathered by finance portal Finviz.
  • He generated around $680 million on January 31, and more than $3.3 billion during the first week of February.
  • Bezos previously pledged to sell roughly $1 billion per year to fund his space exploration project Blue Origin.

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In a sign of digital health's rise, Livongo and Teladoc Health agree to $18.5 billion merger

  • The union of Teladoc Health, a provider of virtual care services, and Livongo, which has made a name for itself by integrating hardware and software to monitor and manage chronic conditions like diabetes, will create a giant in the emerging field of telemedicine and virtual care.
  • But the new reality of healthcare delivery in the era of COVID-19 rapidly accelerated the adoption of digital and remote care services like those Livongo was selling to its customers — and investor came calling as a result.
  • The companies emphasized their combined ability to engage with patients and monitor and manage their conditions using technology.
  • Gorevic will run the combined company and David Snow will serve as the chair of the new board — which will be comprised of eight current Teladoc board members and five members of the Livongo board.

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Microsoft Should Score a Bargain on TikTok - History Says It Won’t

  • TikTok presents a golden opportunity for Microsoft (NASDAQ: MSFT) to expand its fledgling digital advertising business in ways the $1.6 trillion software giant could only dream of before.
  • With the Trump administration putting ByteDance on the hot seat, Microsoft should be poised to scoop up the app for a bargain.
  • Two years later, the enterprise software giant took a $7.6 billion write-down on the acquisition.
  • And just one year before purchasing Nokia, Microsoft took a $6.2 billion write-down on advertising firm aQuantive.
  • Before Microsoft emerged as a serious suitor for TikTok, investors valued it at $50 billion – 50 times its projected revenues for 2020.
  • Despite Microsoft’s unimpressive history at acquisitions, the conditions are ripe to scoop up TikTok’s U.S. business at a serious discount.
  • Will Microsoft, finally sensing its opportunity to join the digital advertising race in a big way, act desperate once again and overpay?

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