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Shein files confidentially for US IPO

Multiple media reports say Singapore-based fast-fashion platform Shein has secretly planned a US IPO. The Wall Street Journal reported it Monday. This year, Shein raised $2 billion at a $66 billion valuation, but it could go public at $90 billion. As previously reported, the online fashion upstart, which disrupted Zara …

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Judge to weigh competition harm vs. Google gains in search antitrust case

Two weeks ago, the U.S. Justice Department completed its evidentiary phase in its Google antitrust trial, with closing arguments scheduled for May 2024. Can an industry giant legally engage in anticompetitive business practices if they improve its product and its customers’? Apparently, Judge Amit Mehta has “no idea” how he …

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Elon Musk’s brain implant startup Neuralink quietly raises $43M

Elon Musk’s implantable brain wave reading chip company, Neuralink, has raised $43 million in venture capital, according to an SEC filing. According to this week’s filing, the company increased its early August tranche, which Peter Thiel’s Founders Fund led, from $280 million to $323 million. The filing lists 32 investors. …

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