Former Uber employees took out loans to exercise options that they still can’t sell — Quartz

Uber employees are lining up to sell their stock to Japanese technology giant SoftBank, which will buy up to 17% of outstanding shares for $33 each. The price represents a 30% discount to Uber’s last valuation, of nearly $70 billion, but for current and former employees, the SoftBank tender offer is a rare chance to convert paper wealth into actual cash. “Everyone’s been reconnecting to … Continue reading Former Uber employees took out loans to exercise options that they still can’t sell — Quartz

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iPhone 8 helped Apple sell 40% more smartphones in China last quarter

While U.S. customers may be indifferent to the new iPhone 8, it appears to be a different story in China. As a result, Apple saw its first in increase smartphone sales in that critical market after an 18-month losing streak. According to a report from Canalys, sales of iPhones rebounded this quarter, growing 40 percent to 11 million from 8 million for the same period … Continue reading iPhone 8 helped Apple sell 40% more smartphones in China last quarter

Apple founder Steve Jobs’ iconic sports car to sell for £300,000 – complete with vintage Motorola phone

Apple founder Steve Jobs’ old BMW convertible is expected to sell for £300,000 at auction – and it comes with the original car phone used by the tech pioneer. The billionaire inventor bought the limited edition Z8 brand new in 2000 and it has averaged less than 1,000 miles a year since then. Jobs was a big fan of German car design and bought the … Continue reading Apple founder Steve Jobs’ iconic sports car to sell for £300,000 – complete with vintage Motorola phone