Home Buyer Opendoor Is Going Public In $4.8 Billion Merger (2 minute read)
Opendoor is a platform that lets homeowners quickly sell their houses. The company will go public through a merger with Social Capital Hedosophia Holdings II, a shell company led by a venture capitalist and early Facebook executive. Opendoor generated $4.7 billion in revenue in 2019 with 18,000 home sales across 21 markets. It laid off a third of its employees in April. While the company is still operating at a loss, the deal values Opendoor at an enterprise value of $4.8 billion.
Hereβs everything Apple just announced (9 minute read)
Apple has announced a new virtual fitness service, a subscription service called Apple One, and a new lineup of Apple Watches and iPads. The Apple Watch Series 6 can measure blood-oxygen saturation and features the new Apple S6 processor. At a lower price, the Apple Watch SE offers an S5 processor and has an accelerometer, gyroscope, altimeter, and fall detection. The new iPad Air features a 10.9-inch Liquid Retina display with 3.8M pixels, Touch ID on the power button, the Apple A14 Bionic, and USB-C. Apple also announced a new iPad which features an A12 Bionic, a Neural Engine, and support for Apple's Magic Keyboard. iOS 14 will launch today, with new features such as widgets, security enhancements, and more. New iPhones were not announced.