The pressure Uber is feeling after recent “gig worker” legislation in California means the company may fundamentally change its business in the U.S. and beyond to benefit drivers, potentially at the company’s own expense. The latest change is a test allowing some drivers in the state to set fares higher or lower than Uber, theoretically giving them a chance to earn more than Uber would have...
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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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