Plaid valued at $8B in employee share sale

plaid, a company that connects financial applications to users’ bank accounts, enabling payments and data verification, has given employees permission to sell some of its shares at a valuation of $8 billion, the company confirmed to techcrunch on thursday. This valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in…

Read More

PayPal might not be looking to sell itself, report

PayPal may not be attempting a takeover, Semaphore reportedCiting people familiar with the matter. Earlier this week, Bloomberg reported that Stripe expressed interest Buying some or all of PayPal’s holdings, including core products PayPal and its services, as well as other companies such as Venmo. Stripe declined to comment for this story. But unnamed sources…

Read More

eBay to lay off 800 staff

eBay is cutting about 800 jobs, or 6% of its full-time workforce. “We are taking steps to reinvest in our business and align our structure with our strategic priorities, which will impact certain roles in our workforce,” the company said in a statement. “We are grateful for the contributions of the affected employees and are…

Read More

Welcome to the post-hype crypto market

Crypto startups are coming back into the conversation, but ETHDenver Last week, there was as much talk about the token as it was about Washington. Policy changes are increasing rapidly in the market tying rope And stablecoins face scrutiny, players like stripe Re-enter the conversation, and startups will either gain traction or cool off. The…

Read More

Waymo to begin testing in Chicago and Charlotte

Waymo is bringing its robotaxis chicago And charlotte The company said Wednesday as part of its effort to continue expanding autonomous vehicles. Starting today, Waymo will begin manual mapping and initial data collection to lay the groundwork for operations in those cities. Waymo typically enters a new city by conducting months of manual driving and…

Read More