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Alphabet’s CaptialG is leading Lyft’s $1 billion investment run

Lyft’s total evaluation is now up to $11 billion. Although Uber might have been first to market, Lyft is rapidly making a name for itself in the ride-sharing industry. The company announced through its official blog that Alphabet’s CapitalG investment arm is leading the company’s latest $1 billion investing run, and because of this, Lyft is now valued at a total of $11 billion. This is a huge step for Lyft, and the fact that it’s working this closely with Alphabet is truly fascinating. Lyft and Waymo (Alphabet’s self-driving car…

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Toys ‘R’ Us Considering $2 Billion IPO For Asia Business: Report

Toys “R” Us announced in September it filed for bankruptcy in the face of declines in revenue, given the price competition from online retailers and its inability to service debt. While the company’s North American business is in the doldrums, it seems to be doing quite well in Asia, where a report Tuesday claimed it was considering a $2 billion initial public offering (IPO). The Asian subsidiary, Toys “R” Us Asia, was set up in 1986, and the parent company holds about 85 percent stake in it, the rest owned…

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Marijuana Sales In Colorado Hit $1 Billion In 8 Months

Marijuana sales in Colorado hit $1 billion in a record eight months, according to data analysis from the Denver Post’s weed site, The Cannabist Tuesday. This is the second year in a row that the industry has made $1 billion in sales. Last year it took ten months to hit the $1 billion mark in combined recreational and medical marijuana sales. Colorado legalized recreational marijuana in 2012 and sales began in January of 2014. The 2014 sales of marijuana were $699,198,805 and the 2015 sales were $996,184,788. Last year Colorado…

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Exclusive – Trump border 'wall' to cost $21.6 billion, take 3.5 years to build: internal report

Top Stories: WASHINGTON (Reuters) – President Donald Trump’s “wall” along the U.S.-Mexico border would be a series of fences and walls that would cost as much as $21.6 billion, and take more than three years to construct, based on a U.S. Department of Homeland Security internal report seen by Reuters on Thursday. Exclusive – Trump border 'wall' to cost .6 billion, take 3.5 years to build: internal report

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