The FaceCoin

Last Friday was a ROUGH day for the Facebook Libra team. In one day, four payment processors—Stripe, Visa, Mastercard, and Mercado Pago—withdrew from participation in the Libra Association, the Geneva-based group Facebook created to develop their virtual currency.

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Sean Steigerwald
Investment scalpers

IPOs are cool again, but you know what's not cool? The "pop" some stocks experience in the first hours/days of trading.That doesn't mean it was a successful IPO, that means it was priced poorly, the company left money on the table,  and a few select institutions took it off said table and placed it right in their pockets.

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Sean Steigerwald
Inside Game

Soon, you'll know Paul Martino as the producer of "Inside Game," the movie that is really, really going to piss off Adam Silver, the commissioner of the NBA.

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Sean Steigerwald
Drug drones are a go

UPS’s drone subsidiary announced this week that it was the first operator to receive a key certificate from the FAA. The approval clears the way for the parcel delivery company to start slinging packages via drone.

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Sean Steigerwald
Shopify acquisition

Shopify (NYSE: SHOP) agreed to buy 6 River Systems, a Waltham, Mass.-based provider of warehouse fulfillment robotics, for $450 million in cash and stock (60/40 split).

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Sean Steigerwald
Cruisin' and Snoozin'

Voyage, an autonomous ride-hail startup focused on retirement communities, raised $31 million in Series B funding. Franklin Templeton led, and was joined by Khosla Ventures, Chevron Technology Ventures, and the VC arm of Jaguar Land Rover.

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Sean Steigerwald