Arm, the U.K.-based company controlled by Japanese investment giant SoftBank, listed on New York’s Nasdaq on Thursday at an IPO price of $51 per share for a valuation of almost $60 billion. The initial buzz has since fizzled, with the stock suffering successive daily declines to close the Tuesday trading session at $55.17. Cathie Wood, … Read more
Marketing automation company Klaviyo became the latest tech company to try to join the public markets, after Instacart and Arm submitted IPO filings. Klaviyo got its start in the e-commerce industry, helping businesses better target their email and text message marketing to shoppers. One of its biggest backers and sources of business is Canadian e-commerce … Read more
A bipartisan push in Washington to clamp down on credit card fees is pitting retailers like Walmart against network payment processors such as Visa. Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year. “It’s time to inject real competition into the credit card network market, which is dominated … Read more