Friday Business Roundup: Alibaba stock surge, DesktopMetal raises funds without product, Karhoo gets $250M to do what Uber doesn’t
Oct30
The world of tech was astir with eye-catching activity this week. DesktopMetal, a startup that has no product or even a website yet, raised $14.4 million this week purely based on their awesome team composition. Alibaba announced expectation-shattering performance in its second quarter, causing their stock to surge. Karhoo, a company that plans to level the playing field for licensed taxi companies against Uber, raised a significant funding round ahead of their upcoming launch. It’s been a bustling week, so before you leave the office for the weekend, let us quickly recap the week’s events. We picked out the need-to-knows…
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