Sneaker and streetwear empire GOAT hits $3.7 billion valuation in Series F raise

The GOAT Group parent company shared today that it has raised $195 million in a Series F raise valuing the fashion giant at some $3.7 billion. The raise was led by a handful of hedge funds and P/E firms including Park West Asset Management, Franklin Templeton, Adage Capital Management, Ulysses Management and funds & accounts advised by T. Rowe Price Associates. GOAT has surgically defined a corner of fashion commerce outside of Amazon’s purview while growing the appeal of street wear and sneakers to a broader audience of consumers. GOAT Group…

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Microsoft’s Windows 11 Updating to Work with More Apps and Devices

When you choose a computer or smartphone to these days, you have to pick among several groups. There’s Apple’s software, which powers the Mac computer, iPhones and iPads, all designed to work together to help you share files, video chat and watch TV as easily as possible. There’s Google’s Android, which powers an array of phones, tablets and computers. But with Windows 11, Microsoft wants to break that mold. The software giant said Thursday that its next major version of Windows will launch as a free upgrade this fall, offering a host…

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Snackpass valued $400M+, Crosses 500K users

While every food delivery company is trying to get an edge on its rivals with discount codes, faster service, and a turn into the realm of spooky with ghost kitchens and dark stores, a startup built on a lighter, social concept — letting people see what their friends are chomping on, making it possible to order food and drinks for each other and group order, with buyers picking it all up for themselves — has just raised a substantial Series B and says that it is already profitable in a…

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New IRS child tax credit portal is now open: Learn what it does

The latest tools from the IRS will help families find out if they’re eligible for the child tax credit payments and opt out if they’d like. We’ll tell you how to use them. Both IRS child tax credit portals are officially available for use, the agency said Tuesday, as well as a new eligibility tool. One portal — called the Child Tax Credit Update Portal — will let you verify if your family qualifies for the tax credit and unenroll from getting monthly payments this year. A Spanish version will be available soon, the…

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The Last Supermoon of 2021: How to see the super strawberry moon

A super strawberry moon will grace the sky on Thursday, June 24. What a year it’s been for moon viewing. After May’s “super flower blood moon” eclipse, we’re returning to a straight-up full moon on Thursday. It will be the last supermoon of 2021. The June full moon is sometimes called the “strawberry moon,” according to the Farmer’s Almanac, which says the nickname is connected to strawberries ripening in certain parts of North America. It’s not a reference to the color of the moon. “Supermoon” is a loose term. It’s used…

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Huawei operating system coming to smartphones in Asia

An update of HarmonyOS, the operating system developed by Huawei, means it will now be installed in a wider range of products, including its smartphones. It is due to roll out across Asia following a launch event on 2 June. There is no date for a global launch yet. A trade ban imposed by the US last year effectively prevented Huawei devices from working fully with Google’s Android platform because it blocked access to essential apps like Gmail. However, Huawei said it did not consider Harmony to be a replacement…

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JBS: World’s largest meat supplier hit by cyber-attack

The world’s largest meat processing company has been targeted by a sophisticated cyber-attack. Computer networks at JBS were hacked, causing some operations in Australia, Canada and the US to temporarily shut down, affecting thousands of workers. The company believes the ransomware attack originated from a criminal group likely based in Russia, the White House said. The attack could lead to shortages of meat or raise prices for consumers. In a ransomware attack, hackers get into a computer network and threaten to cause disruption or delete files unless a ransom is…

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