DS Group leads Bira parent’s $10M rights issue

Bira beer maker, B9 Beverages, has raised $10 million in rights issues in a round led by existing backer DS Group. The struggling alco-bev player primarily plans to use the funds for working capital requirements.

From X to ex: Is Elon Musk the reason why Linda Yaccarino quit as CEO?

Two years after she was brought in to turn X’s fortunes, Linda Yaccarino has announced that she’s resigning from her role as CEO. While she hasn’t explained her departure, many point to the numerous controversies dogging the platform and its owner, Elon Musk, as reasons for her exit