Goldman Sachs & Morgan Stanley think Uber is more valuable than Ford, GM and Chrysler – combined
Not bad for a company that famously owns no cars and produces nothing. The valuation proposals from GS and MS would stake Uber’s value around $120 billion, double the company’s valuation from it’s most recent fundraising round, which was a mere two months ago
Denver based SendGrid acquired by Twilio for $2B
A darling of the emerging, and now positively frothy, Denver tech scene, SendGrid was acquired by Twilio in an all stock stock deal.
Allbirds (your editor’s favorite shoes for brewery hopping around Denver) valued at $1.4B after a $50M Series C
The shoe manufacturer’s simple direct-to-consumer business model, limited colors + limited styles, has allowed Allbirds to become a Shoe-icorn. Eclipsing the $1 billion valuation mark in only three years.
The Permian Basin now produces nearly as much oil as Iran
Six years into a boom enabled by advances in drilling and extraction technology, growth is slowing down. Constricted by supply and more importantly, labor, shortages how much longer can the Permian be the engine for US oil output growth?
Facebook tries its hand at censor
The social network giant will remove false and misleading voting-related posts in the lead up to and during the upcoming mid-term elections. False posts such as brawls breaking out at polling places or the ability to vote via text will be taken down by the platform’s third party fact checkers.