San Francisco Financial News

Swiggy, eyewear brand Lenskart, omni-channel retailer FirstCry and business-to-business commerce startup OfBusiness, are readying to tap the public markets, said Navneet Govil, managing partner and chief financial officer at SoftBank Vision Fund. These startups are at various stages of preparing for their initial public offering with companies like FirstCry expected to file their draft IPO papers by the end of 2023, Govil told ET in an interview Tuesday.

Canva has added two new investors to its register following an investor secondary transaction, Street Talk understands.

An Associated Press reporter recalls the first time he took a ride in a car without sitting in the driver’s seat

After just four days, the giant ‘X’ sign that graced the roof of Twitter’s headquarters in San Francisco has been taken down.The San Francisco Department of Building Inspection said Monday it received 24 complaints about the illuminated sign, which was put up without a permit.“This morning, building inspectors observed the structure being dismantled,” a spokesperson from the city’s Department of Building Inspection said by email on Monday. “The property owner will be assessed fees for the unpermitted installation of the illuminated structure.” ‘X’ marks the spot of billionaire Elon Musk’s latest antic since buying Twitter.A giant, light-up sign of an X appeared on the rooftop of Twitter’s headquarters in San Francisco on Friday, less than a week after Musk announced that the social media platform was rebranding to X.Viral videos showed the sign blasting white light and occasionally strobing over the weekend.

By Abhirup Roy

In this article

Airbnb says its second-quarter profit rose more than 70% from a year ago to $650 million thanks to strong bookings for summer-vacation rentals

Kevin Kelly knew his small factory outside San Francisco would soon see demand wilt for the plastic bags it churns out for pre-cut salads and other produce. In the past, he would have swiftly chopped 10% of the workers that run his bag-making machines, or about 15 people. But after struggling to fill jobs during the boom triggered by the COVID-19 pandemic, he didn't this time.

families while they wait for initial screenings after crossing the border, signaling they are comfortable with early results of what is intended as an alternative to detention. The curfews began in May in four cities and, on Friday, grow to 13 locations, U.S. Immigration and Customs Enforcement officials told advocates.

Airbnb forecast third-quarter revenue above market estimates on Thursday, but industry fears of softening U.S. domestic demand sent the vacation rental firm's shares down 1.2% in after-hours trading. The San Francisco-based company forecast quarterly revenue between $3.3 billion and $3.4 billion, ahead of analysts' average estimate of $3.22 billion, according to Refinitiv data.

Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement. 

DoorDash set records for total orders and revenue in the second quarter as its grocery and convenience deliveries accelerated and it improved driver efficiency

Thomas Edison's pioneering incandescent light bulb, which cast illumination by heating a filament until it glowed, is fading into history

A San Francisco judge has ordered tech consultant Nima Momeni to stand trial for murder in the stabbing death of Cash App founder Bob Lee

Thomas Edison's pioneering incandescent light bulb, which cast illumination by heating a filament until it glowed, is fading into history

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members

Tech consultant Nima Momeni will stand trial for murder in the stabbing death of Cash App founder Bob Lee, a San Francisco judge ordered Tuesday. Lee's violent death shocked the tech community as fellow executives and engineers praised his generosity, curiosity and leadership skills. He was 43 and chief product officer of cryptocurrency platform MobileCoin when he died.

operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company's shares rose about 4% in premarket trading, while rival Lyft's shares increased 2%, as Uber also reported a surprise second-quarter profit. Uber's cost controls ranging from layoffs to lower transaction costs and maintaining a steady headcount have helped the company maintain its target to post operating income profitability this year.

KB Advisory founder Kristin Bentz discusses whether the U.S. economy is starting to see cracks in consumer spending on Making Money.

Major League Baseball has paid its $185 million settlement of a lawsuit by minor leaguers alleging violations of minimum wage laws

A brightly flashing “X” sign has been removed from the San Francisco headquarters of the company formerly known as Twitter just days after it was installed