Orderbook digest

We are happy to announce the launch of a unique project — a news digest that includes the most recent stories of top global companies whose tokenized shares are traded on Orderbook. Every week, we will share hot news that might influence the further development of these projects and the value of their shares at https://insights.orderbook.io/

We hope this will help you save your time and keep track of all essential information for successful trading.

🚀 Airbnb is closing its domestic business in China

Airbnb will shut down all listings and experiences in mainland China starting July 30, joining a long list of Western internet platforms that have opted out of the China market. All mainland Chinese listings — homes and experiences — will be taken down by this summer.

🚀 Robinhood reaches settlement of suits over 2020 trading outage

Lawyers for Robinhood Markets Inc. said they had reached an agreement in principle to resolve the litigation by some investors who were blocked from trading shares in high-flying stocks during an outage in March 2020.

🚀 DigitalOcean announces the development of serverless technology

On the heels of acquiring serverless computing platform Nimbella, DigitalOcean announced a new offering called DigitalOcean Functions based on Nimbella’s technology and aimed to provide a developer-friendly and cost-competitive serverless platform.

🚀 DigitalOcean announces new $300 million share repurchase program

DigitalOcean’s board of directors has approved a new plan to repurchase up to $300M-worth of its common stock. This plan will add to the $300M program announced in February 2022 and completed in May 2022.

🚀 Klarna brings Klarna Card to the US market

Klarna announced the launch of the Klarna Card in the US, bringing the company’s popular “Pay in 4” service to a physical VISA card form.

🚀 Klarna’s CEO shares names of laid-off workers on LinkedIn

Klarna had to cut about 10% of its roughly 5,000 workers to trim costs after losing $487 million last year. Afterward, the CEO of the company, Sebastian Siemiatkowski, followed up with a LinkedIn post that included a Google spreadsheet listing hundreds of the laid-off workers by name to connect them to recruiters and help them find new jobs.

🚀 Rubrik appoints a former Director of CISA as Chair of its new Advisory Board

Rubrik announced the appointment of Chris Krebs as Chair of its new CISO Advisory Board. Krebs is a former Director of the US Cybersecurity and Infrastructure Security Agency (CISA). In this role, he will create and lead a strategic CISO Advisory Board to help private and public sector organizations tackle the unprecedented growth of cyber attacks, including ransomware.

🚀 StoreDot raises $200M to start mass-producing 100in5 cells as early as 2024

StoreDot raises over $200M, including investments from major global automotive manufacturers like Daimler, Volvo, Polestar, VinFast and Ola Electric. It is already working closely with its partners to collaborate on future electric vehicle fast-charging architectures.

🚀 Elon Musk says an IPO of SpaceX’s Starlink is still “3 or 4 years” away

The CEO of SpaceX, Elon Musk, told employees that the company isn’t likely to take its Starlink satellite internet business public until 2025 or later. This way, he extended the timeline of a potential IPO yet again.

🚀 NASA and SpaceX delay the launch of a Cargo Dragon

The space agency had been planning to launch the spacecraft on June 12 but announced the delay due to an issue during the prelaunch loading of hypergolic propellants.

🚀 NASA will buy 5 more astronaut missions from SpaceX

The five-flight purchase adds to a $3.5 billion contract awarded to SpaceX in February for three additional astronaut missions with its Falcon 9 rocket and Dragon capsule. NASA said at the time that it might order more flights from SpaceX.

Find more breaking news in our dedicated blog.

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