Pre-IPO Sector News Update

June 1, 2010

Last week, ByteDance reported that the company generated $17 billion in revenue with $3 billion in profit.

Magic Leap’s CEO planned to step down as the company was searching for his replacement.

Marqeta raised $150 million at a $4.3 billion valuation.

SpaceX raised $346 million in its latest funding round.

Zoox was having advanced talks to be acquired by Amazon.

The news articles and links presented below are available for your reference.

BYTEDANCE

“TikTok Owner ByteDance Reportedly Made a Profit of $3 Billion on $17 Billion of Revenue Last Year"

• https://www.cnbc.com/2020/05/27/tiktok-bytedance-profit.html

MAGIC LEAP

“Magic Leap CEO Rony Abovitz is Out"

• https://techcrunch.com/2020/05/28/magic-leap-ceo-rony-abovitz-is-out/

MARQETA

“Payments Startup Marqeta More Than Doubles Valuation To $4.3 Billion"

• https://www.forbes.com/sites/jeffkauflin/2020/05/28/payments-startup-marqeta-more-than-doubles-valuation-to-43-billion/#28835bcf6c8d

SPACEX

“SpaceX Raises $346 Million in Most Recent Funding Round"

• https://www.cnbc.com/2020/05/26/spacex-raised-over-567-million-in-first-2020-funding-round.html

ZOOX

“Amazon Reportedly in Advanced Talks to Acquire Autonomous Vehicle Startup Zoox"

• https://www.geekwire.com/2020/amazon-reportedly-advanced-talks-acquire-autonomous-vehicle-startup-zoox/