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Silicon Valley Is Losing Its Luster With Millennials

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Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. s move last year when it announced it was leaving San Francisco for Denver, which is also growing. Reuters pointed to VF Corp.’s

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Farfetch Raises $250M To Grow Luxury Fashion Platform

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Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release.

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Williams-Sonoma Tops Q4 Forecasts, Announces Leadership Changes

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The San Francisco–based company, which is known for selling cookware and home furnishings , posted revenue of $1.58 The company also announced some leadership changes that will take place within its Pottery Barn Brands. The retailer said it had profit of $1.63 per share and earnings of $1.55 million, or $3.41

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DoorDash, mRelief Pair On Food Stamps For Low-Wage Workers

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Startup mRelief, which helps low-income workers access food stamps, is teaming up with food delivery startup DoorDash to offer DoorDash credit to people eligible for food stamps in San Francisco, according to a report in TechCrunch. Last year, the startup debuted an end-to-end process to aid food stamp enrollment in San Francisco.

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Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay

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Lyft, the San Francisco-based ridesharing company, has laid off 17 percent of its workforce and imposed salary reductions for executives for three months, CNBC reported. The company said it will lay off 982 employees and furlough an additional 288 to trim operating costs due to the COVID-19 pandemic. At 12:30 p.m.,

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Indian Digital Payments Platform Cashfree Lands $35M From Apis Partners  

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Cashfree has maintained a leadership position in this space and is now going through a period of rapid growth.”. Cashfree is a “2017 alumnus of Y Combinator,” the San Francisco-based startup incubator, according to the release.

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Car Marketplace CarGurus Has Acquired Autolist

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Autolist is based in San Francisco, and the terms of the deal were not revealed. CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website.