Online used car marketplace Shift says it will go public through a reverse merger with Insurance Acquisition in Q3, raising $185M and valuing Shift at $415M (Rolfe Winkler/Wall Street Journal)

Rolfe Winkler / Wall Street Journal:
Online used car marketplace Shift says it will go public through a reverse merger with Insurance Acquisition in Q3, raising $185M and valuing Shift at $415M  —  Shares of Carvana and Vroom soared with temporary closing of bricks-and-mortar dealerships  —  Online used-car seller Shift …



from Techmeme https://ift.tt/3g3Xzru

Comments

Popular posts from this blog

Microsoft says it has no plans to add more backward compatible titles for Xbox One, but says Project Scarlett will run games from all four Xbox generations (Tom Warren/The Verge)

Internal docs: Facebook employees created a test account in 2019 and within days, it was recommended extreme and conspiratorial content, including QAnon Groups (Brandy Zadrozny/NBC News)

Facebook teases Project Cambria, a high-end mixed reality headset coming next year with cameras that allow high-resolution passthrough (Adi Robertson/The Verge)