Dec 20, 2019

Takeaway.com ups its takeover bid in effort to beat out Prosus for Just Eat

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Venture capital funding fled U.S. and China for Britain in 2019

Reproduced from Tech Nation; Chart: Axios Visuals

Venture capital funding fell significantly in the U.S. and China last year, but boomed in the U.K., rising to a record $13.2 billion, according to a report prepared for the British government by industry group Tech Nation and research firm Dealroom.

Why it matters: The U.K. saw a significant increase in the number of deals and amount of money pledged by venture capital firms, far outpacing other European economies, with half the total funding coming from firms and investors based in the U.S. and Asia.

Go deeperArrowJan 16, 2020

Layoffs begin at SoftBank-backed delivery company Rappi

Rappi logo

Rappi, an on-demand delivery startup operating in Latin America, this week laid off hundreds of employees, Axios has learned.

Why it matters: On-demand delivery of meals and other products is coming under increased financial pressure, as no one has managed to make the model profitable.

Go deeperArrowJan 9, 2020

The world's 500 richest people saw their collective net worth grow by 25% in 2019

Priscilla Chan and Mark Zuckerberg. Photo: Ian Tuttle/Getty Images for Breakthrough Prize

The world's 500 richest people added $1.2 trillion to their collective net worth in 2019, boosting their holdings by 25% to $5.9 trillion, according to Bloomberg.

Why it matters: Income inequality has become a key issue for politicians around the globe, highlighted by the fact that the wealthiest 0.1% of Americans now hold a larger share of wealth at any point since 1929 — the start of the Great Depression.

Go deeperArrowDec 27, 2019