The New Paper

March 5, 2021

The New Paper Weekly Recap: Business

  • Warren Buffett released his annual shareholder letter (3/1)
  • Klarna raised $1B in new funding at a $31B valuation, making the "buy now, pay later" firm the highest-valued private European fintech company (3/2)
  • Zoom reported a 369% increase in quarterly revenue (3/2)
  • Volvo Cars announced plans to sell only “fully electric” vehicles by 2030 (3/2)
  • Microsoft unveiled Mesh yesterday, a “mixed-reality” platform (3/3)
  • Instacart raised $265M in new funding at a $39B valuation (3/3)
  • Google said it will not build new personal identifiers to track users across websites after it phases out the use of third-party cookies next year (3/4)
  • General Motors announced plans to extend shutdowns at three plants in Kansas, Canada, and Mexico due to ongoing semiconductor shortages (3/4)
  • Netflix released “Fast Laughs” – a new TikTok-like mobile app feature (3/4)
  • SpaceX successfully landed its Starship prototype for the first time. While the ship exploded shortly after landing, the test was viewed as a success (3/4)
  • ViacomCBS launched Paramount+ – a new streaming service that includes BET, CBS, Comedy Central, MTV, Nickelodeon, and Paramount Pictures (3/5)
This story is from the March 5, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.