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Beep Appoints Mark Joseph to Board of Directors By Investing.com

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© Reuters. Beep appoints Mark Joseph to the Board of Directors

By Michael Elkins

Beep, the provider of electric mobility solutions, today announced that it has appointed Mark Joseph to the company’s Board of Directors.

Joseph brings with him 30 years of leadership experience in public and private transportation. Previously serving as CEO of Transdev North America (TDNA) from 2006 to 2017, he became Transdev Group’s global commercial president and a member of the Global Executive Committee. Under his leadership, TDNA has increased annual revenue from $50 million to $1.5 billion, serving 200 sites with 20,000 employees.

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“Mark has deep experience in the public and private transportation fields, and his insight and experience will help us continue our growth, innovation and ability to serve our public and private sector customers,” said Joe Moi, CEO of Pip. . “We welcome him to the Beep family as we continue to enhance our technology platform and expand our services to expand our use cases and grow our business.”

“Beep is an exciting and innovative leader in the next generation of autonomous transportation solutions.” Yusef said. “The company’s focus on enabling mobility for everyone through shared first- and last-mile shuttle services has the potential to profoundly change our communities for the better, reducing congestion and carbon emissions while expanding transportation options to underserved communities. I look forward to partnering with Joe, his team, and fellow Board members.” .

Joseph’s appointment follows the company’s recent announcement of induction into the International Intelligent Transportation Systems (ITS) Conference Hall of Fame as the winner of the 2022 Industry Award in the Americas for their autonomous vehicle network in Lake Nona. Beep is also part of the largest independent shuttle project in US history.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.