Why Israel’s startup community killed an IPO

Shellanoo Group founder O.D. Kobo Shellanoo Group An amazing drama unfolded this week in Israel’s tech community after tech startup Shellanoo Group filed to go public in the Tel Aviv stock exchange. The tight-knit community, who knew the company’s work intimately was appalled at some of the claims made in the IPO documents, with one VC calling…

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The stock-market rout just drove the S&P 500, Dow below a key level – MarketWatch

After weeks of virtual dormancy, a bona fide stock-market selloff took hold on Wall Street. Both the S&P 500 index SPX, -2.45% and the Dow Jones Industrial Average DJIA, -2.13% plunged below their 50-day moving averages, precipitated by a rout in equities and government bonds, like the 10-year Treasury note TMUBMUSD10Y, +4.91% on intensifying fears…

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Sorry Tesla, you can’t issue yourself a dealer franchise, court rules | Ars Technica

Enlarge / The Tesla Model S. cache hit 527:single/related:4f5b12bac369e16ac29b58d0bd49fb9e empty A state court has ruled that Tesla cannot issue itself a franchise to sell vehicles directly to consumers in Missouri, a blow to the electric carmaker that wanted to comport with the state’s franchise requirement without having to sell cars through an independent dealership. In…

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