Stripe's new investment talk is an effort to rectify past mistakes

  • 📰 axios
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The payments giant is considering a massive valuation cut.

that Stripe is in talks to raise new funding, most of the chatter was about a $60 billion valuation that's well below what the payments giant previously fetched.Between the lines:

The new investment, which still remains in the negotiation stage, isn't being structured so as to artificially retain the company's last valuation. Stripe is accepting that it's worth less than it was before.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Layoff tracker: Mass layoffs by tech companies big and small hit the Bay AreaPaypal, Alphabet, Salesforce, Meta, Splunk, Stripe. Here's an overview of Bay Area tech companies that have recently executed a mass layoff. Biden’s economy
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Layoff tracker: Mass layoffs by tech companies big and small hit the Bay AreaPaypal, Alphabet, Salesforce, Meta, Splunk, Stripe. Here's an overview of Bay Area tech companies that have recently executed a mass layoff. Biden’s economy
Source: abc7newsbayarea - 🏆 529. / 51 Read more »