Rivian stock falls nearly 15% as company sells 75 million shares to raise capital

Rivian stock falls nearly 15% as company sells 75 million shares to raise capital

A motherboard from one of Rivian’s all-electric vehicles. Michael Wayland / CNBC Rivian Automotive stock plunged nearly 15% during midday trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock. The capital raise occurred during extended hours trading after Rivian shares rose 8.1%…

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Kuaishou shares jump after Tencent joins .8 billion raise for Kling AI subsidiary

Kuaishou shares jump after Tencent joins $2.8 billion raise for Kling AI subsidiary

Kuaishou headquarters is pictured on November 5, 2020, in Beijing, China. VCG | Visual China Group | Getty Images Kuaishou Technology shares rose nearly 7% Friday before trimming gains, after the company announced a capital injection of nearly $2.8 billion into its artificial intelligence subsidiary, Kling AI, with backing from tech giant Tencent. The Beijing-based short video…

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“Digital Colonialism”: U.S. Demands to Access Africans’ Data Raise Privacy, Sovereignty Concerns

“Digital Colonialism”: U.S. Demands to Access Africans’ Data Raise Privacy, Sovereignty Concerns

Reporting Highlights Strings Attached: U.S. officials are demanding access to the health data of millions of Africans as a condition of giving billions of dollars in lifesaving aid to African countries. Privacy Concerns: Experts said the deals are vague and lack standard language to guard personal data from being exposed, misused or commercialized without people’s…

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