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Amazon discloses 20% stake in electric vehicle startup Rivian, makers of future delivery van

GeekWire

billion, and are recorded within “Other assets” on our consolidated balance sheets with adjustments recognized in “Other income (expense), net” on our consolidated statements of operations. Founded in 2009, Rivian has raised about $10.5 representing an approximately 20% ownership interest, had a carrying value of $2.7 billion and $3.8

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Adaptive Biotech hires Goldman Sachs to explore ‘strategic alternatives’ for key business lines

GeekWire

GeekWire File Photo) With revenues declining and net losses increasing, Seattle-based Adaptive Biotechnologies on Thursday said it hired Goldman Sachs to help conduct a review of strategic alternatives for its Minimal Residual Disease (MRD) and Immune Medicine businesses. . Adaptive’s net loss came in at $50.3

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Amazon leads $2.5B funding round in Rivian, maker of the tech giant’s future electric delivery vans

GeekWire

Amazon made the investment through its Climate Pledge Fund , which is aimed at backing companies that accelerate Amazon’s pledge to be net zero carbon across its businesses by 2040. Founded in 2009, Rivian has raised about $10.5 billion financing round. billion to date. and funds and accounts advised by T.

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Amazon-backed electric vehicle maker Rivian files to go public at reported $80B valuation

GeekWire

Amazon is investing through its Climate Pledge Fund , which is aimed at backing companies that accelerate Amazon’s pledge to be net zero carbon across its businesses by 2040. “In ” Founded in 2009, Rivian has raised $10.5 billion to date, but it has been hit with delays when it comes to delivery of its R1T pickup.

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Uber thinks it could actually turn a profit this quarter

The Verge

Whereas the company previously expected to make a net loss of under $100 million, it now believes it could make an adjusted profit of up to $25 million. “We A Financial Times report from June said that Uber’s total losses since its founding in 2009 measured over $22 billion.

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Adaptive Biotechnologies revenue rises 57% in 2021 to $154.3M

GeekWire

Net loss for 2021 came in at $207.3 million in the fourth quarter, up 26%, with a net loss of $61.4 Revenue is increasing faster than operating expenses, which were $363.3 million in 2021, a 45% increase from 2020. million, up from $146.2 million in 2020. Adaptive reported revenue of $37.9 million, up from $44.6

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Vacation rental giant Vacasa to go public via SPAC at $4.5B valuation, reveals revenue projections

GeekWire

Founded in 2009, Vacasa manages more than 30,000 vacation homes in 34 U.S. An investor presentation reveals that Vacasa is not yet profitable, with an adjusted net loss of $35 million last year, down from $66.4 -based vacation rental platform Vacasa is going public. billion in 2023, and gross bookings of $1.6 billion in 2021.

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