TheStreet recaps the best stories with Jim Cramer from the past week including Microsoft's possible acquisition of Discord, Tesla to accept bitcoin and more.
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Discord IPO |
Discord was founded in 2012 by Jason Citron. The company has not officially endorsed a plan to participate in an IPO.
Discord offers an all-in-one voice and text chat geared towards gamers. As of 2020, the company claimed 56 million monthly players and nearly 1 billion messages sent daily. Discord has raised nearly $500 million in Venture Capital funding from investors including FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. Per company press releases, Discord last raised $100 million in June 2020 at a post-money valuation of $3.5 billion.
| Date of Last Funding Round | June 2020 |
| Value at Last Round | $3.55 B |
| Amount of Last Raise | $101.32 MM |
| Total Funding to Date | $348.7 MM |
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TheStreet recaps the best stories with Jim Cramer from the past week including Microsoft's possible acquisition of Discord, Tesla to accept bitcoin and more.
Recent Microsoft executive comments in internal meetings and public conferences show: It's all about getting in on content creators and communities.
The tech giant is canny about the companies it wants to snap up.
Investors cheer vaccine distribution progress; Microsoft reportedly is in advanced talks to buy messaging platform Discord; Tesla's Elon Musk is ordered to delete anti-union tweet; GameStop soars 53%.
Investors cheer vaccine distribution progress; Microsoft reportedly is in advanced talks to buy messaging platform Discord; Tesla's Elon Musk is ordered to delete anti-union tweet; GameStop soars 53%.
Discord has reached out to potential buyers and Microsoft is one of them, the report said, citing people familiar with the matter, while one of them said it was more likely to go public than sell itself./The Covid-19 pandemic has boosted the prospects of gaming companies as people stayed at home and turned to video games for entertainment during lockdowns.
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