UK neobank Monzo hits $5.9B valuation with secondary market sale

  Monzo is now valued at $5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially … Read more

Tesla unveils its ‘Cybercab’ robotaxi

  Tesla has introduced a robotaxi called Cybercab during its “We, Robot” event at Warner Bros. Discovery’s studio in California, six months after Elon Musk revealed that the company was going to launch one. Musk made his way to the stage on a Cybercab, which has no steering wheels or pedals, announcing that “there’s 20 … Read more

Bluesky is having a moment… on Threads

  Bluesky seems to have a bold new strategy to entice potential new users: posting on Threads. The rival social media service joined Threads amid a surge in complaints from users who are increasingly frustrated with Meta’s policies. While complaints about Meta’s policies aren’t a new topic, they’ve gained new prominence over the last week … Read more

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