Stripe CEO Patrick Collison pushed back on allegations that the company had used unethical methods to get information from rival Plaid when it launched a new financial services product that gives Stripe customers access to their users’ financial data, similar to what Plaid does. In an email to staff Friday, Collison defended his team’s launch of its new product Financial Connections, but said...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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