Payments business Stripe is expected to close another round of funding at a valuation between $70 billion and $100 billion, according to a Bloomberg report. The company, founded in 2010 by brothers Patrick and John Collison, raised $600 million at a $36 billion valuation in April. Stripe has raised nearly $2 billion to date from Sequoia Capital, GV, General Catalyst, Andreessen Horowitz...
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For Tech CEOs, ‘Challenging’ Means Dismal
Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
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