Category: Stripe Inc

Stripe Buys A.I. Start-Up OpenRouter for $7.5 Billion

The New York Times – Business:
The deal is significant for the artificial intelligence industry, uniting Stripe’s payments business with OpenRouter’s helping businesses direct their spending on A.I. models.
They’ve Been Waiting Years to Go Public. They’re Still Waiting.

Some tech companies are delaying or pulling their listing plans as the Trump administration’s tariff announcements and other changes cause market volatility and uncertainty.
Why the Justice Department is Targeting Visa

The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks

The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.
Want to Invest in SpaceX or Stripe? There’s a Fund for That.

A new publicly traded fund allows individual investors to own a piece of 23 private tech companies, including Stripe, SpaceX, OpenAI and Discord.
How the Dream of Building a California City From Scratch Got Started

A former Goldman Sachs trader moved to the Bay Area to make it in tech. He ended up buying rural land with money from some of Silicon Valley’s wealthiest people.
Credit Suisse Shares Jump As Banking Backstops Go Global

The New York Times – Business:
Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.
Stripe Raises New Funding That Values It at $50 Billion

The New York Times – Business:
The payments processing start-up was valued at $95 billion in 2021, but private company dealmaking has been hurt by souring global economic conditions.
Why Stripe Is Raising Money at a Lower Valuation

The New York Times – Business:
Stripe’s plan to raise billions at a lower valuation underlines the challenges facing start-ups seeking money as the market for initial public offerings stays shut.
Thrive Capital Said to Lead Potential Investment in Stripe

The New York Times – Business:
Thrive has committed $1 billion, which would value the payments provider Stripe at about $55 billion to $60 billion, people with knowledge of the matter said.
Stripe Hires Investment Banks to Explore Public Listing

The New York Times – Business:
The payments processing start-up, one of the world’s most valuable private companies, could go public in the next year, people with knowledge of the matter said.
Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes

The New York Times – Business:
Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.