Snap’s turnaround throughout most of 2019 ended on a sour note, with the company’s losses swelling while it missed estimates for revenue goals in the fourth quarter. The parent company of Snapchat reported $561 million in revenue, just missing the consensus estimate of $563 million. Thanks partly to a $100 million payment to settle a class action lawsuit over IPO disclosures, Snap’s costs rose...
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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....
TikTok CEO To Testify Before Congress
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
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