Snap doesn’t appear to be feeling business pain from the coronavirus pandemic, at least not yet. The maker of Snapchat reported 44% higher revenue for the first quarter, to $462 million, just above the midpoint of the company’s guidance. It also added 39 million daily users, a 20% jump, and trimmed its losses. The news sent its stock soaring roughly 20% in after-hours trading. Looking ahead, the...
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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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