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Roblox Tops $45 Billion on First Day of Trading as Gaming Booms

When the pandemic forced people indoors a year ago, many passed the time by playing games on their iPhones, building gaming computers and exploring the latest blockbuster titles on their […]







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Market Edges Toward Euphoria, Despite Pandemic’s Toll

“It’s not as obvious a bubble as 20 years ago,” said Jay Ritter, a finance professor at the University of Florida who studies initial public offerings. “But we’re close to […]




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‘This Is Insanity’: Start-Ups End Year in a Deal Frenzy

SAN FRANCISCO — Hopin, a virtual events start-up in London, had seven employees and was valued at $38 million at the beginning of the year. Johnny Boufarhat, the company’s chief […]




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Why China Halted Ant’s I.P.O., Dealing Jack Ma a Blow

This was supposed to be the week that one of China’s biggest tech companies threw the most lucrative coming-out party in history, sending a swaggering message about the country’s economic […]




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Ant Group’s I.P.O. Is Halted by Shanghai Stock Exchange

Ant Group challenged China’s state-dominated banking system by bringing easy-to-use payments, borrowing and investing to hundreds of millions of smartphones across the country. On Tuesday, Chinese officialdom reminded the company […]




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Airbnb Fights Its ‘Party House Problem’

The luxury cabin in Incline Village, Nev., just north of Lake Tahoe, has a hot tub, sauna, pool table, fire pit, two patios and a backyard full of towering pine […]




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Ant Challenged Beijing and Prospered. Now It Toes the Line.

As Jack Ma of Alibaba helped turn China into the world’s biggest e-commerce market over the past two decades, he was also vowing to pull off a more audacious transformation. […]