Rackspace’s IPO Comeback: What You Need to Know
Cloud computing giant Rackspace is making headlines with its return to the public markets after a six-year hiatus. The company, which initially went public in 2008 before being acquired by Apollo Global Management for $4.3 billion in 2016, aims to use IPO proceeds to reduce its debt burden.
Financial Insights: A Valuation Puzzle
TechCrunch’s Alex Wilhelm analyzed Rackspace’s financials and found its valuation challenging to pin down:
“Rackspace’s tech-adjacent business may attract investors, but its sluggish growth, high debt, and modest margins complicate its valuation.”
Tech Industry Highlights
Apple’s ARM Transition Gains Clarity
- Latest Report: Analyst Ming-Chi Kuo predicts Apple will launch its first ARM-based 13.3-inch MacBook in Q4 2020, marking a pivotal shift in its hardware strategy.
Facebook’s Code Change Disrupts Major Apps
- Outage Impact: A Facebook SDK update caused crashes across Spotify, Pinterest, and Waze, highlighting the risks of centralized platform dependencies.
Google Faces 49th Antitrust Probe
- California Joins In: The state has reportedly launched an investigation into Google’s competitive practices, aligning with nearly every other U.S. state.
Startup & Funding Roundup
Rivian Accelerates EV Ambitions with $2.5B Raise
- What’s Next: The electric vehicle startup plans to debut its R1T pickup, R1S SUV, and Amazon delivery vans in 2021.
Zomato’s Financial Turnaround
- Progress Report: India’s food delivery leader projects a reduced monthly cash burn of under $1M, signaling potential stabilization in a tough market.
Expert Analysis from Extra Crunch
Trivia Royale’s Meteoric Rise
- Case Study: Thor Fridriksson’s new game hit 2.5M downloads in 3 weeks. Key takeaways on virality and App Store optimization.
Klook’s Pandemic Pivot
- Adaptation Wins: The travel unicorn shifted to DIY activity kits and virtual tours as global travel demand collapsed.
Operator Collective’s Inclusive Investing Model
- By the Numbers: 90% of its 130 operator LPs are women, and 40% are people of color—redefining venture capital diversity.
Beyond Tech: Global Collaborations
NASA & Japan Strengthen Space Ties
- Partnership Scope: The agreement covers the International Space Station, Artemis missions, and the Lunar Gateway program, advancing global space exploration.
Equity Podcast: Immigration’s Role in Silicon Valley
- Key Discussion: How U.S. visa policy changes could disrupt the tech industry’s talent pipeline.
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