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Showing posts from March, 2021

Spain’s Glovo picks up $528M as the food deliver market continues to heat up

On the heels of Deliveroo raising more than $2 billion ahead of its debut on the London Stock Exchange this week, another hopeful in the food delivery sector has closed a super-sized round. Glovo , a startup out of Spain with 10 million users that delivers restaurant take-out, groceries and other items in partnership with brick-and-mortar businesses, has picked up a Series F of $528 million (€450 million). Glovo aims to become the market leader in the 20 markets in Europe where it is live today, in part by expanding its “q-commerce” service — the delivery of items to urban consumers in 30 minutes or less — and it will be using the money to double down on that strategy. This is a milestone funding round not just for the company, but its home country: it marks the largest-ever round raised by a Spanish startup. “We started in Spain, where you have access to far less capital than other countries in Europe. We do more with less and that’s made us leaner,” said Sacha Michaud, the co-fo...

Matt Gaetz said he's talked to every conservative network about a post-Congress gig, but Fox News denied his claims, saying it had 'no interest in hiring him'

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Rep. Matt Gaetz is reportedly under investigation for violating sex-trafficking laws. Samuel Corum/Getty Images Florida Rep. Matt Gaetz says he has been talking to major networks about potential gigs. Gaetz said he had spoken with Newsmax, OANN, and Fox News, among others, about "life after Congress." But Fox News told the Daily Beast they have "no interest in hiring him." See more stories on Insider's business page . Florida GOP Rep. Matt Gaetz again teased a possible early retirement from Congress on Wednesday, saying he'd been speaking to executives at popular right-wing news networks to suss out possible gigs. But his job hunt hit an early stumbling block when a Fox News spokesperson said the network had no interest in hiring him. Gaetz told the Daily Beast he had been talking to major right-wing news networks including Newsmax, the One American News Network, and Fox News, over the past weeks. "Yes. I've had many conversations with...

Celonis announces significant partnership with IBM to sell its process mining software

Before you can improve a workflow, you have to understand how work advances through a business, which is more complex than you might imagine inside a large enterprise. That’s where Celonis comes in. It uses software to identify how work moves through an organization and suggests more efficient ways of getting the same work done, also known as process mining Today, the company announced a significant partnership with IBM where IBM Global Services will train 10,000 consultants worldwide on Celonis. The deal gives Celonis, a company with around 1200 employees access to the massive selling and consulting unit, while IBM gets a deep understanding of a piece of technology that is at the front end of the workflow automation trend . Miguel Milano, chief revenue officer at Celonis says that digitizing processes has been a trend for several years. It has sped up due to COVID, and it’s partly why the two companies have decided to work together. “Intelligent workflows, or more broadly spoken w...

A judge ordered Lil Nas X's 'Satan shoe' maker to halt all orders, but they've reportedly already started shipping and the rapper is hosting a giveaway for the 666th pair

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Lil Nas X's "Satan Shoe" collaboration with MSCHF. MSCHF/Twitter A judge ruled MSCHF, the brand that made Lil Nas X's "Satan shoe," must stop fulfilling orders. Nike filed a temporary restraining order Wednesday morning requesting MSCHF not ship orders. Lil Nas X and MSCHF collaborated on the shoe, which resembles the Nike Air Max 97. See more stories on Insider's business page . A court ordered MSCHF, the retail startup that made Lil Nas X's "Satan Shoe," to stop fulfilling orders immediately on Wednesday evening. Singer Lil Nas X and MSCHF collaborated on the shoe to promote his new music video "MONTERO (Call Me By Your Name)," which uses imagery resembling heaven and hell. The shoe resembled Nike's Air Max 97, and MSCHF said it included one drop of human blood in the midsole. Nike, which had no involvement in the Satan Shoe, filed a temporary restraining order Wednesday morning requesting MSCHF not ship orders o...

California man accused of using stun gun on police officer who had a heart attack during the Capitol riot has been arrested

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Trump supporters clash with police and security forces as people try to storm the US Capitol on January 6 Brent Stirton/Getty Images A man accused of using a stun gun on a police officer during the Capitol attack has been arrested. The officer suffered a mild heart attack during the attack. Daniel Rodriguez, a known Trump superfan, faces eight charges related to his participation in the riot. See more stories on Insider's business page . A 38-year-old apparent Trump superfan, identified on camera as a suspect in the assault of a police officer during the Capitol insurrection on January 6, was arrested Wednesday. Daniel Joseph Rodriguez, a California man accused of being part of a mob that swarmed DC Metropolitan Police Officer Mike Fanone during the riot, was arrested in Fontana, California, and indicted on eight counts, according to court documents. Fanone suffered a mild heart attack during the attack and said he pleaded for his life when a crowd of rioters began to ...

Officials discovered nearly 200 baby tortoises wrapped in plastic in a suitcase in a Galapagos airport

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A wildlife official handles a baby turtle that was found along with other turtles in a suitcase at the airport before they could be smuggled from the Galapagos Islands, in Santa Cruz, Galapagos Islands, Ecuador March 29, 2021. via REUTERS Nearly 200 baby tortoises were discovered in a suitcase by officials at a Galapagos airport Sunday. Officials said they believed the hatchlings were removed from tortoise nests on Santa Cruz Island. The tortoises have been sent to the Giant Tortoise Breeding and Rearing Center to be cared for. See more stories on Insider's business page . Officials at an airport on the Galapagos Islands discovered 185 newborn tortoises hidden in a suitcase going through a security X-ray. A wildlife official handles baby turtles that were found in a suitcase at the airport before they could be smuggled from the Galapagos, in Santa Cruz, Galapagos Islands, Ecuador March 29, 2021. via REUTERs The tortoise hatchlings were discovered Sunday wrapped in pla...

IBM's CEO predicts a hybrid remote-work model for 80% of employees post-pandemic

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Photo by Brian Ach/Getty Images for Wired IBM expects 80% of its employees to work in hybrid remote roles post-pandemic, Bloomberg reported. CEO Arvind Krishna also said IBM will likely scale back its office space significantly. Some tech companies take a flexible approach to work; Amazon and others want workers in the office. See more stories on Insider's business page . IBM is joining the growing list of tech companies planning to take a flexible approach to remote work even after the pandemic, though it does have concerns about how the strategy could impact its company culture. IBM CEO Arvind Krishna told Bloomberg's Emily Chang on Wednesday 80% of the company's employees may stay in hybrid roles indefinitely, spending "at least three days a week, maybe not all eight to 10 hours, but at least some fraction of those three days, in the office." Krishna said 10% to 20% of employees could potentially stay fully remote, but that he worried "abo...

Netflix secures the rights to the 'Knives Out' sequels starring Daniel Craig, reports say

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Daniel Craig and Ana de Armas in "Knives Out" and Robert Downey Jr alongside Jake Gyllenhaal in "Zodiac." Paramount Pictures/Warner Bros. Pictures/Lionsgate Netflix has acquired rights to two "Knives Out" sequels in a $450 million deal, according to Variety. See more stories on Insider's business page . Netflix closed on a massive deal for two sequels to the 2019 blockbuster "Knives Out," with Rian Johnson set to direct and Daniel Craig featuring again as Benoit Blanc, according to Deadline and Variety . Netflix spent $450 million on the sequels, according to the reports, making it one of the largest streaming-movie deals ever. According to Deadline, Apple, Amazon, and Netflix bid on rights to the sequels. The first film, acquired by Media Rights Capital and distributed through Lionsgate, cost $40 million and grossed $311 million. The first sequel will begin shooting in Greece on June 28, and casting will now start. This story is ...