Walt Disney stock’s post-earnings run continued this week after Dan Loeb’s Third Point sent a letter to CEO Bob Chapek revealing another large stake and outlining suggestions for the entertainment giant. While an analyst at Citi Research sees merit in most of Loeb’s suggestions, he’s doesn’t think ESPN should be spun off. In his letter to Chapek, Loeb reiterated his view that Disney should keep its dividend suspended so it can put free cash flow toward reinvestments in the business, paying down debt, or repurchasing shares. Read More...
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YC grad QuotaBook raises $11M to scale its equity management platform
QuotaBook, a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. The Korean startup, which graduated from Y Combinator (YC)’s Winter 21 batch, was founded by former venture capitalists Andy Choi, Dan Hong and Pilseon Jun, in 2019. Choi, the company’s CEO, said in an interview with TechCrunch that in their capacity as investors, the three noticed that in Korea and many other Asian countries, startups were still relying on Excel when managing their cap tables, stock options, stakeholder and other related information.
