Tag: spent
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EV startup Rivian has poached dozens from Ford, McLaren, Tesla, and Faraday Future
Ever since coming out of stealth mode last year, Michigan-based EV startup Rivian has declared huge investments from Amazon and Ford. At exactly the exact same period, the startup has over doubled in size since last spring, and now employs 750 individuals . The startup has hired dozens of workers from Ford, McLaren, and Tesla,…
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Uber relies on Google Maps for its business and spent $58 million on it over three years (GOOGL, GOOG)
David Gray/Reuters Uber filed to go public on Thursday, and its paperwork indicates that Uber spent $58 million on Google Maps between 2016 and 2018. Uber sees Google Maps as”critical” to its business, it states in the filing. If Google and Uber were to finish their agreement, this could harm Uber’s company because mapping services…