A corporate venture arm shuts down having learned the hard way that throwing $1B at startups doesn't magically make a payments giant innovative.
Read full article →A stock with fewer shares than a mid-cap biotech somehow validates trillion-dollar valuations.
Read full article →In a stunning move, a fossil fuel giant considers buying another fossil fuel giant to 'deepen presence' in energy transition.
Read full article →A Canadian pharma company signals either commanding investor demand or a desperate closing window.
Read full article →Nothing says 'we hear your concerns' like writing the rulebook you're about to break.
Read full article →The chip giant that cornered AI demand now desperately needs someone—anyone—to buy its processors for something other than training models.
Read full article →Same investors, same company, wildly different price—a masterclass in financial theater.
Read full article →When environmental liabilities become investor relations problems.
Read full article →When environmental liabilities become investor relations problems.
Read full article →Dylan Robbins raised $20M for a gaming company by apparently convincing investors they were funding artificial intelligence.
Read full article →DumbCapital covers venture capital and M&A in North America with the skepticism these markets have long deserved and rarely received. We are not impressed by large numbers. We are not moved by press releases. All articles are satirical commentary based on real, publicly reported deals. Nothing here is financial advice.