![]() And, in Latin America, just 2% of the population in each country have access to investment products, and that’s mainly because they are high-net-worth individuals, Trigos said. from Latin America to study and work, and in the course of using some of the investment apps offered in the U.S., they struggled to find similar products in Latin America that provided a way to fully invest. The trio, who participated in Y Combinator’s summer 2021 cohort, come from a mixture of backgrounds in payments, technology, APIs and investment services.Īll of them came to the U.S. The products are also compliant with local regulations.Ĭo-founder and CEO Gustavo Trigos started the San Francisco-based company in 2021 with Simon Avila and Daniel Osvath. Mentum is out to change that in Latin America, and is working on customizable investment APIs and widgets so businesses in Latin America can build and offer fully digital investment products, like local mutual funds, ETFs and stocks, to their customers. Investment in stocks or retirement accounts can seem like a complicated process if you are not sure where to begin. ![]() Last month, Ford reported it lost $3.1 billion in GAAP terms in Q1, largely due to a write-off of the value of its stake in Rivian.Īmazon reported a $7.6 billion loss on its investment in Rivian. That freefall has also affected its largest shareholders, Ford and Amazon. Rivian shares have fallen more than 75% since its public market opener. Rivian’s share price reached as high as $179.47 a week later, before coming back down to earth. (At the time, GM’s market cap was $86.31 billion Ford’s was $78.2 billion.) history and put its market cap above GM as well as Ford. Rivian debuted as a publicly traded company in November with an opening share price of $106.75, a price that made it one of the largest IPOs in U.S. The news has further accelerated the decline of Rivian’s share price since its IPO last year. TechCrunch will update the article if Ford responds to a request for comment. Faber followed up on Monday, describing the sale as “done.” The sell-off came as an insider lockup for the stock expired Sunday. Over the weekend, David Faber of CNBC reported that Ford would sell 8 million of its Rivian shares through Goldman Sachs. Hosted by 44 Bytes.Rivian’s stock price fell more than 17% Monday, a drop prompted by a CNBC report that Ford was selling 8 million shares of the EV automaker.įord held a 12% stake, or about 102 million shares, of Rivian. © 2022 Hookshot Media, partner of ReedPop. Join 400,366 people following Push Square: New PS5, PS4 Games This Week (22nd August to 28th August)Īmericans Earn the Fewest Platinum Trophies for PS5, PS4 ![]() PS5 Stock: Where to Buy PlayStation 5 and When in August. It also has new motion controllers, which feature haptic feedback, adaptive triggers, and finger-tracking. The device is promising an OLED screen resolution of 2000x2040 per eye – which is more than double that of the original PSVR. When it comes to virtual reality headsets, PSVR2’s specs are heads-and-shoulders above the nearest competition. It also showcased a lengthy trailer for first-party production, Horizon Call of the Mountain. The Japanese giant’s generally been pretty secretive about the device, unveiling information in a scatter-shot manner and only announcing a handful of games so far.Įarlier in the year, as part of a State of Play livestream, the firm confirmed that Resident Evil Village, No Man’s Sky, and The Walking Dead: Saints and Sinners Chapter 2 Retribution would all be playable on the headset. It perhaps didn’t take a genius to figure out that PSVR2’s release date would be early next year, but this is the first time we’ve heard the company officially mention it. #PSVR2 /R3MwWVPyNt- PlayStation UK August 22, 2022 PlayStation France was first to let the cat out of the bag, but other major regional accounts have since followed with the relatively simple message, including PlayStation UK. PSVR2 will release in early 2023, Sony has confirmed.
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