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Group Commerce Startup Massdrop Raises $40M

Steve El-Hage Massdrop is announcing that it has raised $40 million in Series B funding. The company focuses on what it calls “community-driven commerce.” It allows people who are interested in things like high-quality audio, men’s fashion and quilting (yes, those are all actual Massdrop communities) to connect with other enthusiasts, discuss products, make purchases with group discounts… Read More

Google Shares Spike 6% After ‘Alphabet’ Restructuring

google-earnings2 Google just announced a big restructuring of the company, sending shares up about 6 percent in extended trading. After the announcement, shares of Google rose 5 percent, but have since risen even further. As part of the restructuring, Larry page is now the new CEO of a parent company called Alphabet, while Sundar Pichai will be CEO of Google. According to a regulatory filing,… Read More
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