Stripe, the payments startup, has raised $245 million in a new round of venture funding, giving the company a valuation of $20 billion. According to a report in a tech outlet, citing the payments company, the round of fundraising was led by Tiger Global Management and included new investors DST Global and Sequoia. Existing investors […]
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Swiss startup SEBA Crypto AG has raised $103 million to build a bank offering crypto-related services. Switzerland-based startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to set up a bank offering cryptocurrency-related services, Reuters reported September 26. SEBA is reportedly headed by former UBS bankers — Guido Buehler as chief executive […]
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Eating out with friends or family can be a wonderful experience full of good food, fellowship and an all-around feeling of fraternal bliss. Planning to eat out with a group of friends and family, on the other hand, often turns into a friction-filled experience when one realizes that it is almost impossible to find a […]
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California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., in which Uber will pay $148 million to resolve allegations that it violated state laws pertaining to data breach reporting. In a press release, the two AGs said […]
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What’s old is always new again, and what’s new is often so very old. That’s not just the pseudo-intellectual basis of some booze-fueled, impromptu seminar held in a dorm room on Tuesday night because the internet went down. It’s an anchoring principle of modern economics, retail, marketing and culture. For the latest proof, just look […]
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AMC Theatres announced on Wednesday (Sept. 26) that its AMC Stubs A-List, which launched three months ago, has seen membership sign-ups from August and September outpace the company’s expectations, with more than 380,000 moviegoers now part of the subscription service. In a press release, the company said the member count has increased by 120,000 during the […]
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Amazon’s Echo smart speakers were facing connectivity issues in the U.K. and elsewhere in Europe earlier on Wednesday (Sept. 26), but are now up and running again. Reuters, citing outage tracker Downdetector.com, reported the website had logged hundreds of reports about problems with the Echo speakers that power Alexa, Amazon’s voice-activated digital assistant. The report noted […]
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JPMorgan Chase is reportedly in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). CNBC, citing people familiar with the matter, reported that JPMorgan is seen as in the lead to be the underwriter after Goldman Sachs and Morgan Stanley opted not to go after the Lyft IPO, as […]
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Circle announced on Wednesday (Sept. 26) that, along with the CENTRE open source consortium, it has launched a service to tokenize U.S. dollars and use them on public blockchain on the internet. In a company blog post, Circle said individuals and institutions can enroll in the service to deposit U.S. dollars from bank accounts, convert […]
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For Google, a bit of backtracking. In the wake of controversy over its Chrome browser that dominated headlines this week, the search giant has said it will change some of the ways the web browser operates. Concerns had been raised this week over how the company tracks users via Chrome. As had been reported via The […]
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