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Welcome readers. Jordan Parker Erb is here, ready to fill you in on the biggest tech news. Today, I’m sharing 37 tech companies that can be bought by private equity firms.
No time to waste – let’s get started.
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1. We ranked the tech companies most likely to be bought by private equity firms. It’s been a tough year for tech companies, but the downturn isn’t bad news for everyone — PE firms have the opportunity to buy profitable, fast-growing companies at bargain-basement prices.
- Cyndx, a market research firm, provided Insider with information on tech companies that are potential acquisition targets based on revenue, stock price and expected earnings for the next year.
- Tech companies that private equity firms acquire can be bought for as little as a check, according to the filing.
- Prices have fallen so much “private equity firms are licking their chops,” one investor told Insider.
Here are 37 companies to buy.
In other news:
2. It was reported that Elon Musk had an affair with the wife of the founder of Google Sergey Brin. The alleged affair, first reported by the Wall Street Journal, occurred last fall. Brin, Elon Musk’s longtime friend, reportedly filed for divorce following the affair. Here’s what we know so far — and see everything we know about Nicole Shanahan’s alleged relationship with Mack.
3. Andreessen Horowitz is getting fancy. The venture capital firm has announced that it will move to “the cloud,” where it will be primarily virtual, but will maintain physical locations in technology centers nationwide. See what the A16z means beyond Silicon Valley.
4. Now might be the best time to buy a used Peloton bike. Some pandemic-era Peloton enthusiasts are taking to Craigslist and Facebook marketplaces to sell their gear at deeply discounted prices. Why users are splitting up in their pelotons.
5. These are the most important VCs in New York. Based on recommendations and investment data, Insider compiled a list of the city’s top VCs from firms like Stellar Capital and Women Founders Fund. Meet the 59 most important investors in the Big Apple.
6. Companies including Amazon and Apple have the largest pay gap between CEOs and employees. According to a new report, the pay gap between S&P 500 CEOs and their employees will widen further in 2021, with Amazon holding the largest pay gap by far. See the full list of companies with the highest pay gaps.
7. This was supposed to be the year of social marketing. It didn’t happen. Industry insiders have predicted that 2022 will be the year of social marketing, with social media platforms launching new shopping features — but with mixed results. Here’s what platforms have done to attract influencers and brands.
8. Bill Gates gave away $6 billion worth of stocks this week – but he’s still the world’s fifth-richest person. The donation to the Bill & Melinda Gates Foundation comes a week after Gates pledged to give $20 billion to the foundation this month. Here’s the latest.
Odds and Ends:
9. Steve Jobs’ prototype for the original Apple computer is up for auction. An example of the original Apple-1 computer has been used to secure Apple’s first major order – and the bid has already reached $230,000. Look here.
10. We got an early look at the electric Cadillac Celeste. The Celestial, an ultra-luxury electric car, is rumored to cost $300,000 when it goes on sale. Take a look inside the high-tech EV.
What we are looking at today:
From the Insider Keep up to date with the latest technology news by watching The Refresh from Insider, a dynamic audio news briefing from the Insider newsroom. Listen here.
Edited by Jordan Parker Erb in New York. (Feedback or tips? Email jeb@insider.com or tweet @jordanparkerrb.) Edited by Halam Bullock (Tweet.). @hallam_bullock) in London.
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