The record amount of capital funneled into U.S. startups this year meant massive valuation gains for a handful of top companies. The value of fintech business Stripe, which benefited from new enthusiasm around digital financial services amid the pandemic, climbed $13.5 billion this year to $36 billion, for example. Stripe’s currently in talks with investors about a new round of capital,...
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Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy. But as Musk’s ownership of Twitter nears the end of its third month, he has yet to release details of the new stock compensation plan, according to several employees. Employees at...
Snap Warns Revenue Could Fall 10% This Quarter
PayPal Lays Off 7% of Staff
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