Coupang, the Amazon of South Korea, is coming to the US stock market

Which one would you rather be? The Groupon of Korea or the Amazon of Korea? For one entrepreneur, it was an easy choice…

Coupang, the Amazon of South Korea is coming to the US stock market. On Feb. 12, Coupang filed to go public and will join other global e-commerce giants like Alibaba and JD on the US market.

Zynga’s turnaround comes to an end and moves into growth mode

Everyone loves a comeback story — this one’s about Zynga, the mobile game creator.

On Feb. 10, Zynga reported its fourth-quarter earnings report:

• $616m in sales up 61% from the previous year
• 36m average daily mobile users, growth of 77% from the previous year

Lyft moves up on stronger earnings — but future depends on self-driving vehicles

Lyft’s future depends on self-driving cars but the future seems to be arriving a little late.

On Feb. 9, Lyft reported stronger than expected quarterly earnings — sending shares up 8%.

• Sales of $570m vs $563m expected
• Active riders of 12.5m vs 13.2m expected
• Net loss of $458.2m up from $356m in the last quarter of 2019

Hindenburg Research goes after Clover Health, the insurance firm backed by Chamath Palihapitiya

Hindenburg, the firm that famously revealed the fraud behind electric vehicle maker, Nikola ($NKLA) in 2020, is back at it again.

This time, they’re targeting Clover, the insurtech company, backed by famous investor and SPAC evangelist, Chamath Palihapitiya.