Milan-based buy now, pay later provider Scalapay on Wednesday announced it raised a $497 million Series B led by Alibaba competitor Tencent and Willoughby Capital with participation from Tiger Global, which led Scalapay’s Series A round. The round puts Scalapay’s valuation as high as $1.5 billion, according to a person familiar with the matter. The fintech was last valued at $700 million when it...
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The Briefing Markets
Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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