Equity Equity Monday: New unicorns kick off the week as India get cross with Starlink
Nov 29, 2021
Dive into the latest buzz in the tech world with standout updates like India's regulatory push against Starlink. Exciting news emerges as Raspberry Pi aims for a public debut, while unicorns Slice and Thought Machine celebrate their impressive valuations. Explore significant acquisitions, including Booking Holdings' purchase of Etraveli Group for $1.8 billion. Plus, get insights into shifts in consumer spending post-pandemic and what they mean for the future. Finally, an intriguing essay on cryptocurrency brings up thought-provoking points in the investment landscape.
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Raspberry Pi's Unexpected IPO
- Raspberry Pi, the micro-computer manufacturer, may go public in London in Spring 2022.
- This is surprising given its last valuation of $550 million after a $45 million raise in September.
India Halts Starlink
- India's Department of Technology told Starlink to stop its internet services immediately.
- Starlink needs to comply with India's regulatory framework for satellite-based communication services.
Black Friday Sales Dip
- Black Friday online sales dipped slightly from $9 billion in 2020 to $8.9 billion in 2021.
- Increased at-home spending during the pandemic might have reduced demand for Black Friday deals.