Chime, an online banking startup with about five million customers, has been suffering an outage over the last day that has made it impossible for those customers to get hold of their money. According to this article from Bloomberg, the outage initially disabled the bank’s debit cards, too, leaving customers stranded. The debit cards were working again, the article says, but the company’s...
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Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists. And he plans to alter employees’ stock plans so the company can delay a public offering. Is this a sign that more tech firms will once again try to delay going public? Not necessarily. But Stripe is positioning itself to stay private for...
Dell to Lay Off 5% of Staff
FTX Sets Deadline for Politicians, Others to Return Donations
Apple Retailers in China Cut iPhone Prices
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