🗞️ Friday 5/17 News Roundup

Stay up to date with the latest news, brought to you by Capital Letter

Author

Garrett Lawson
May 17, 2024

Good morning! It's Friday, May 17th. Every Friday we will be highlighting the top news stories of the week that you might have missed!

Private equity firm Permira is acquiring Squarespace, a popular website building and hosting platform, in a deal valued at $6.6 billion.

Melinda Gates has announced her resignation from the Gates Foundation, the philanthropic organization she co-founded with her former husband, Bill Gates. Her departure marks a significant change in the leadership of one of the world's largest charitable foundations.

The return of Roaring Kitty led GameStop and AMC shares to soar. GameStop's shares rallied by 74% on Monday.

Frank McCourt, the former owner of the Los Angeles Dodgers, is part of a bid seeking to acquire TikTok. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet”

The S&P500 and Nasdaq Composite closed with record highs on Wednesday, bolstered by a lighter-than-expected US consumer inflation report. The S&P 500 is up more than 11% year to date.

GolfSuites, a leader in the gamified golfing space, is currently leading a community fundraising effort on the heels of it’s innovative technology, growing revenue, and beautiful courses.

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