Installment lender Zip has succumbed to market pressures dragging down the buy now, pay later sector. The firm on Tuesday announced that it is terminating its prior agreement to buy its rival Sezzle in an all-stock deal that was initially valued at $354 million. Zip cited the current macroeconomic climate, which includes rising interest rates and lower consumer spending, as the reason it is no...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Weekend startups culture
The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat