SFBT Monday Digest: Cargo congestion; Marin bank makes acquisition

Acquisitions

Summary

While Los Angeles port officials see progress in reducing their bottleneck of cargo ships, Oakland now has an even longer line, with potential congestion expected to through summer. On Friday, 25 container carriers were waiting to enter the Port of Oakland at anchor in San Francisco Bay and in a holding area offshore, up from 21 at the beginning of last week. (Axios) Clubhouse, the live audio content app, raised an undisclosed amount of funding at a $4 billion post-money valuation led by existing backer Andreessen Horowitz. (Axios) Most of the Bay Area has been stuck in the orange tier for a month, but on Tuesday Marin County could move into the yellow, the least restrictive of the state’s four-tiered pandemic reopening plan. (San Francisco Chronicle) Charles “Chuck” Geschke, the co-founder of Adobe Inc., died Friday in Los Altos at age 81.

Classifications

industries
Fintech & Banking
applications
Data Management

AskAI Classifications

Labels
Financial Software SaaS Data & Analytics

Linked Companies

Bloomberg
$1B+