Investments

Payments processor Stripe raised $6.5 billion in its latest fundraising round ending on Wednesday. During this round of fundraising, the company reduced its valuation to $50 billion; almost 50% lower than two years ago. Valued at $95 billion in March 2021, Stripe vastly exceeded...

Back in 2021, payment processor Stripe set a record with a valuation of $95 billion. But after the latest funding round, which raised $6.5 billion, the company’s valuation got almost cut in half, dropping to $50 billion. The latest Series I funding round saw contributions...

Italy's Prime Minister Giorgia Meloni announced on Wednesday that her government is not yet ready to ratify a reform for the euro zone's 500 billion euro ($526.15 billion) bailout fund as "further reflection" is required. Italy is the only European Union member who has...

Meta Platforms Inc confirmed on Friday that it is in the process of exploring strategic alternatives to Kustomer, the customer service software company that it acquired at the end of last year. Kustomer sells CRM software for businesses to foster communication with customers via phone,...

Citi analyst Jason Bazinet expressed the claim that Disney could consider selling its 67% stake in online streaming company Hulu. Bazinet offered the following observation in a note to clients: "We believe Disney may sell its 67% stake in Hulu. In parallel, we suspect...

Shark Tank star and investor Kevin O'Leary revealed that he is considering an investment in ChatGPT ahead of the parent company OpenAI's next round of funding. The company was valued at $29 billion during an early January funding round, during which Microsoft injected a...