Stripe, a richly-valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, first reported by The Information, puts Stripe’s internal per-share price at $24.71, down 40% since peaking. The 11% cut comes after a prior internal valuation cut that […]
Stripe’s internal valuation gets cut to $63 billion by Natasha Mascarenhas originally published on TechCrunch
Indonesia’s PasarPolis is now able to underwrite its own products, making it one of Indonesia’s first full-stack insurtechs. This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. PasarPolis is able to underwrite insurance products because of its […]
PasarPolis is now one of Indonesia’s first full-stack insurtechs by Catherine Shu originally published on TechCrunch
Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music, K-pop artists management, and other media (movie and […]
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF by Kate Park originally published on TechCrunch
When you look at fourth quarter worldwide PC sales data from Canalys, IDC and Gartner, it’s fair to say that the news was not great with all three firms seeing precipitous declines from 2021 highs. In fact, the numbers plunged for the fourth consecutive quarter with sales falling 28% according to IDC, 28.5% according to […]
PC sales slip for fourth straight quarter in Q4 as demand remains muted by Ron Miller originally published on TechCrunch
The last time the U.S. pushed for more domestic solar production, it didn’t turn out so well. Here’s how this time is different.
US solar manufacturing gets boost with $2.5B Georgia deal by Tim De Chant originally published on TechCrunch
Where do we go from here? Is the next step looking at alternative funding, or is it staying on the battleground, always ready to fight?
Funding for Black founders remains dismal — where do we go from here? by Dominic-Madori Davis originally published on TechCrunch
The continuing onslaught of tech layoffs has not let up in the new year. Last week, we saw big layoff announcements from Amazon and Salesforce with thousands of employees being let go. Yesterday CRN reported that Cloud Software Group was undertaking massive layoffs. Today the company confirmed it was laying off 15% of the workforce. Although […]
Company created by Citrix-Tibco merger confirms it has laid off 15% of staff by Ron Miller originally published on TechCrunch