CEO's Dad Gets a $3.6 Billion Stock Windfall at Carvana

Ernie Garcia II has benefited from an ownership structure that confers benefits on him and his family and allows them to maintain control of the business-benefits that can come at the expense of other shareholders.

 
Match Group Hopes for Savings From Looser App-Store Payment Rules

The online-dating company is working to sidestep Apple's and Google's payments systems following moves by authorities in the U.S. and South Korea to loosen the tech giants' grip on app-store transactions.

 
In Food Delivery, Iron Fists Could Trump the Invisible Hand

DoorDash, Grubhub and Uber Eats are hoping constitutional arguments can save their profit margins in New York City and potentially elsewhere.

 
Evergrande's Woes Fuel Selloff in Chinese Property Shares

A selloff in Chinese property stocks intensified, as concern mounted about the effects of an official campaign to rein in the sector.

 
Percheron Collects $770 Million for Debut Fund

Former Golden Gate Capital deal makers Chris Collins and Chris Lawler started Percheron last year.

 
Covid-19 Testing Startup Prenetics to Go Public in SPAC Merger

Prenetics Group Ltd. is going public on the Nasdaq Stock Market in a merger with special-purpose acquisition company Artisan Acquisition, in a deal valuing the Covid testing company at $1.25 billion.

 
Microsoft Plans $60 Billion Share-Buyback Program, Raises Dividend

Congressional Democrats have proposed implementing a 2% tax on public companies' stock buybacks.

 
Amazon Is Doing It. So Is Walmart. Why Retail Loves 'Buy Now, Pay Later.'

Retailers big and small are using installment plans to wring more sales out of shoppers who can't get credit cards.

 
Taiwan Battery-Swapping Pioneer Gogoro to Go Public in SPAC Merger

Taiwan's Gogoro will go public in the U.S. via a special-purpose acquisition vehicle merger with Poema Global Holdings that values the battery-swapping pioneer at more than $2.3 billion.

 
Elon Musk's SpaceX Launches First All-Civilian Flight to Orbit

The Inspiration4 mission, led by billionaire businessman Jared Isaacman, would take Americans the farthest into space since 2009.

(END) Dow Jones Newswires

September 16, 2021 13:15 ET (17:15 GMT)

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