Swiggy and Zomato, food delivery rivals in India, back UrbanPiper in $24 million funding

Swiggy and Zomato, food delivery rivals in India, back UrbanPiper in $24 million funding

UrbanPiper, a restaurant management platform that processes 18% of all online food orders in India, has raised $24 million in a new financing round from a number of investors including Swiggy and Zomato, the three firms said Monday. The six-year-old startup’s Series B funding was led by existing investors Sequoia Capital India and Tiger Global. … Read more

‘The graveyard shift is the most understaffed:’ I work as a waiter on the Las Vegas Strip. We are overworked, underpaid, and our drunk customers often don’t tip

‘The graveyard shift is the most understaffed:’ I work as a waiter on the Las Vegas Strip. We are overworked, underpaid, and our drunk customers often don’t tip

Dear Quentin,  I currently work at a fast-casual restaurant on the Las Vegas Strip. I have worked at the company for three years. I work at the busiest outlet of this restaurant in the world. During the slow winter months, this restaurant makes an average of $130,000 a week. During the summer months, we make … Read more

The 26-Year-Old Dropout Lapping the Hedge-Fund Field

The 26-Year-Old Dropout Lapping the Hedge-Fund Field

Eva Shang is doing the hedge-fund thing her way. That means making money but also making time to blog about dreams, her labradoodle and her fear of becoming a Silicon Valley has-been at age 26. Legalist Inc., Ms. Shang’s technology-powered investment firm, raised about $400 million in the past six months. Its funds focus on … Read more

2 ETFs To Bet On Amid Wild Uncertainty And Volatility

2 ETFs To Bet On Amid Wild Uncertainty And Volatility

Soaring inflation, Russia’s war on Ukraine, sanctions, uncertainty over global economic contraction and a pandemic that still hasn’t disappeared have investors playing a dubious guessing game as to what sector is going to come out on top. That volatility and uncertainty now seems to be leading money into exchange-traded funds (ETFs) as one of the … Read more

Jack Dorsey rips Twitter’s board, says it has ‘consistently been the dysfunction of the company’

Jack Dorsey rips Twitter’s board, says it has ‘consistently been the dysfunction of the company’

Twitter cofounder and short-time board member Jack Dorsey called out his social media platform’s board on Saturday, saying “it’s consistently been the dysfunction of the company.” “If [sic] look into the history of [the] Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst … Read more

Can IRA Transactions Trigger the Wash-Sale Rule?

Can IRA Transactions Trigger the Wash-Sale Rule?

If you sell stock at a loss, you should be able to use the loss to offset gains on your income taxes, right? Right—except if you violate the wash-sale rule, which states that if you bought and sold the same investment for a loss within a 30-day period, then the loss cannot be used to … Read more