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I was laid off from Rivian after surviving 3 earlier layoffs. It was almost a relief when it was over.

On Wednesday, Rivian announced it was laying off 10% of salaried staff, but impacted workers wouldn…

Grace Kay   


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1 min read

Arm's IPO debut is coming today at a valuation of $54.5 billion

The listing could revive the ailing IPO market and prompt more companies to go public following a p…

Joseph Wilkins   


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5 mins read

Wall Street is loving AI while Big Tech is warning employees about how they use it

In today's big story, we're looking at Wall Street's love affair with Nvidia (and AI) while Big Tec…

Dan DeFrancesco   


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1 min read

Tesla challenger Rivian's market value almost doubled in 2 weeks as its stock price hit a 2023 high

Rivian Automotive's stock has been on fire lately, almost doubling in price over just two weeks and…

Joseph Wilkins   


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1 min read

Chip designer Arm looks to ride the AI boom with the biggest US IPO since 2021

Arm's planned IPO, which hopes to raise up to $10 billion, is set to be the largest US listing sinc…

Joseph Wilkins   


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Rivian plunges 22% as Ford and other investors to sell millions of shares as lock-up period expires

A lock-up period last six months after a company goes public, preventing insiders and early investo…

Matthew Fox   


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Rivian falls 9% after 'Twilight Zone' quarter reveals massive supply chain disruptions and reduced 2022 production guidance

"One more major PR blunder or meaningful delivery push out for Rivian reservation customers could e…

Matthew Fox   


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EV stocks are seeing a historic sell-off, with some down 90% from their peak

The industry is being slammed by higher borrowing costs, slow growth in Europe, and expiring subsid…

Aruni Soni   


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Phil Rosen   


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Rivian soars 29% in IPO debut, valuing electric truck company above peers at nearly $100 billion

The Rivian IPO raised $11.9 billion from the sale of 153 million shares, making it the sixth bigges…

Matthew Fox   


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1 min read

Rivian plans to sell a portion of its $60 billion IPO directly to SoFi users

The electric vehicle company plans to sell 135 million Class A shares in its IPO, and 675,000 share…

Matthew Fox   


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2 mins read

The big winners in Rivian's $77 billion IPO include Amazon, Ford, and a Saudi investor that sells gas-fueled cars

The Rivian IPO will raise $11.9 billion for the electric vehicle manufacturer, making it the sixth …

Matthew Fox   


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Dan Loeb's hedge fund Third Point netted a $300 million profit from Rivian's IPO, report says

Third Point was among the big winners from EV startup Rivian's blockbuster IPO earlier this month.

Harry Robertson   


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Rivian drops 18% in its first down day as a public company following massive post-IPO surge

The strong up and down trading moves Rivian highlights the heightened volatility risk posed to inve…

Matthew Fox   


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1 min read

Rivian extends post-IPO rally to 93% with Biden expected to sign $1 trillion infrastructure bill that includes billions for EVs

The bill allocates $7.5 billion to the buildout of a network of 500,000 electric charging stations …

Matthew Fox   


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Amazon-backed Rivian aims for $66.5 billion market value as the Tesla rival goes public at a higher price than expected

Rivian has priced its IPO at $78 per share, higher than it had initially expected, as excitement bu…

Harry Robertson   


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2 mins read

Cathie Wood reportedly said Ark Invest won't buy Rivian stock due to the EV maker's 'rich' valuation

Wood's comments came before Rivian's first public trades this afternoon, when the company was value…

Matthew Fox   


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Amazon-backed Rivian is targeting an IPO valuation above $60 billion. That could make the EV startup more valuable than Honda.

With a $60 billion valuation, electric vehicle-focused Rivian's market worth could top that of carm…

Shalini Nagarajan   


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Chamath Palihapitiya defends Rivian's $110 billion market cap, and says the EV startup's critics remind him of Tesla bears

Billionaire investor Chamath Palihapitiya said Rivian had "done a very smart path to market" by boo…

Harry Robertson   


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Rivian is now the 2nd most valuable US carmaker after its IPO surge - and its founder R.J. Scaringe is worth $2.2 billion

The Amazon-backed electric-vehicle startup has only ever delivered about 150 cars, but is now worth…

Harry Robertson