The CEOs of Amazon and Facebook have the same message to Congress and the public ahead of Wednesday’s blockbuster antitrust hearing: Our companies do a lot for America and we have plenty of competition. In written testimony released by the House antitrust subcommittee, founder and CEO Jeff Bezos touted impressive stats about his company’s investments in the U.S. and described his upbringing as...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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