• Palantir sinks 13% as filings show 3 top executives offloaded 2.7 million shares following lockup expiration

    7 days ago - By Business Insider

    Arnd Wiegmann/Reuters
    Palantir stock slid 13% on Tuesday as insiders take advantage of a lockup expiration to offload shares of the big data company.
    Co-founder Stephen Cohen and two other top executives sold 2.7 million shares of Palantir since the lockup expired on February 18.
    The move comes as the price of Palantir stock continues to fall from Jan. 27 highs of over $39 per share.
    Watch Palantir trade live here.
    Palantir stock sank as much as 13% on Tuesday after regulatory filings showed the company's co-founder Stephen Cohen and two other top executives offloaded 2.7 million shares...
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  • The operator of the world's largest bitcoin mine is looking to raise half a billion via a US listing later this year, report says

    7 days ago - By Business Insider

    SOPA/Getty Images
    German firm Northern Data plans to raise $500 million via a US listing later this year, Bloomberg reported. The company's facility in Rockdale, Texas is the world's largest crypto mine. It first started out as a bitcoin miner in 2009, but later transitioned to operating mines on behalf of clients. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Frankfurt-based Northern Data AG, the operator of the world's largest bitcoin mine, is planning a US listing that could raise as much as $500 million, Bloomberg reported on Monday. The listing, which could...
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  • Ousted WeWork co-founder Adam Neumann is reportedly nearing a settlement in his dispute with SoftBank. If it happens, he'll get $500 million less than previously planned

    7 days ago - By Business Insider

    Adam Neumann, chief executive officer of US co-working firm WeWork, speaks during a signing ceremony in Shanghai.
    Reuters
    Adam Neumann, co-founder of WeWork, is nearing a settlement in a legal dispute with SoftBank, WeWork's owner.
    Neumann could reap almost $500 million in cash from his shares, less than previously planned.
    The deal could lead to WeWork trying again to go public, following its failed IPO in 2019.
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    WeWork co-founder and former CEO Adam Neumann is nearing a settlement in a legal battle with SoftBank, WeWork's owner...
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