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Bloomberg Technology

SoFi Shares Surge and Amazon Cancels iRobot Deal

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 29 January 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow take a look at SoFi shares surging after the company posts its first-ever profit. Plus, shares of iRobot slump as its CEO steps down and its deal with Amazon is scrapped.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm Caroline Hud.

0:43.0

I'm Caroline Heide in Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco.

0:59.0

This is Bloomberg Technology.

1:00.0

So-Fi shares are surging.

1:02.0

After posting its first ever profit our conversation

1:05.2

with the CEO Antoninoto that's coming up. Plus shares of iRobotel as the

1:10.6

Amazon deal is scrapped and the CEO steps down.

1:14.1

Details on why the acquisition was terminated.

1:17.2

And a real sign that tech companies are throwing their hats

1:20.3

into the 2024 IPO market revival ring.

1:23.0

We talk about Reddit's public market plans

1:25.5

and its potential valuation.

1:27.0

But first, well let's check in on the companies that are already public

1:30.0

and where they're trading.

1:31.0

Because right now, we are waiting on so much economic

...

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