{"id":19636,"date":"2020-07-11T07:55:16","date_gmt":"2020-07-11T07:55:16","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/daily-crunch-rackspace-is-going-public-again.html"},"modified":"2020-07-11T07:55:16","modified_gmt":"2020-07-11T07:55:16","slug":"daily-crunch-rackspace-is-going-public-again","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/daily-crunch-rackspace-is-going-public-again.html","title":{"rendered":"Daily Crunch: Rackspace is going public again"},"content":{"rendered":"

We look at Rackspace\u2019s <\/a> finances, a Facebook code change causes numerous app issues and electric vehicle company Rivian raises $2.5 billion. Here\u2019s your Daily Crunch for July 10, 2020.<\/p>\n

The big story: Rackspace is going public again<\/strong><\/p>\n

The cloud computing company first went public in 2008, before accepting a $4.3 billion offer to go private from Apollo Global Management. Rackspace says it will use the proceeds from the IPO to lower its debt load.<\/p>\n

Alex Wilhelm took a deep dive into Rackspace\u2019s finances<\/a>, concluding that the proper valuation is a \u201cpuzzle\u201d:<\/p>\n

\n

The company is tech-ish, which means it will find some interest. But its slow growth rate, heavy debts and lackluster margins make it hard to pin a fair multiple onto.<\/p>\n<\/blockquote>\n

The tech giants<\/strong><\/p>\n

New report outlines potential roadmap for Apple\u2019s ARM-based MacBooks<\/a> \u2014 Analyst Ming-Chi Kuo said that a 13.3-inch MacBook powered by Apple\u2019s new processors will arrive in the fourth quarter of this year.<\/p>\n

Facebook code change caused outage for Spotify, Pinterest and Waze apps<\/a> \u2014 Looks like Facebook was responsible for some crashing apps this morning.<\/p>\n

California reportedly launches antitrust investigation into Google<\/a> \u2014 This makes California the 49th state to launch an antitrust investigation into the search giant, according to Politico<\/a>.<\/p>\n

Startups, funding and venture capital<\/strong><\/p>\n

Rivian raises $2.5 billion as it pushes to bring its electric RT1 pickup, R1S SUV to market<\/a> \u2014 The company plans to bring its electric pickup truck and SUV, as well as delivery vans for Amazon, to market in 2021.<\/p>\n

A glint of hope for India\u2019s food delivery market as Zomato projects monthly cash burn of less than $1 million<\/a> \u2014\u00a0\u201cWe\u2019ll only lose $1 million this month\u201d doesn\u2019t feel like a huge accomplishment, but at least things seem to be headed in the right direction.<\/p>\n

Advice and analysis from Extra Crunch<\/strong><\/p>\n

How Thor Fridriksson\u2019s \u2018Trivia Royale\u2019 earned 2.5 million downloads in 3 weeks<\/a> \u2014 The latest game from the QuizUp founder was (briefly) the top app in the App Store. We talk to Fridriksson about how he did it.<\/p>\n

COVID-19 pivot: Travel unicorn Klook sees jump in staycations<\/a> \u2014 With bookings for overseas experiences plummeting, Klook began offering do-it-yourself kits for stay-at-home projects and partnered with landmark sites to offer virtual tours.<\/p>\n

Operator Collective brings diversity and inclusion to enterprise investing<\/a> \u2014 The firm, founded last year, said it currently has 130 operator LPs, 90% of them women and 40% of them people of color.<\/p>\n

(Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here<\/a>.)<\/p>\n

Everything else<\/strong><\/p>\n

NASA signs agreement with Japan to cooperate across Space Station, Artemis and Lunar Gateway projects<\/a> \u2014 Japan first expressed its intent to participate in the Lunar Gateway program in October 2019, making it one of the first countries to do so.<\/p>\n

Equity: Silicon Valley is built on immigrant innovation<\/a> \u2014 The latest episode of Equity discusses how recent visa changes will affect Silicon Valley.<\/p>\n

Five reasons to attend TC Early Stage online<\/a> \u2014 July 21 and 22! I will be there!<\/p>\n

The Daily Crunch is TechCrunch\u2019s roundup of our biggest and most important stories. If you\u2019d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here<\/a>.<\/em><\/p>\n

\"\"<\/a><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/XiKidQIcZDA\/<\/p>","protected":false},"excerpt":{"rendered":"

We look at Rackspace\u2019s finances, a Facebook code change causes numerous app issues and electric vehicle company Rivian raises $2.5 billion. Here\u2019s your Daily Crunch for July 10, 2020. The <\/p>\n","protected":false},"author":1,"featured_media":19637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-19636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t