Payment giant Stripe raises $6.5bn, slashes valuation by half
American payment processor firm Stripe has raised $6.5 billion in fresh funding and at same time lowered its valuation to $50 billion, the company said on Wednesday.
- Key points to note
The fresh funds...
Zuckerberg confirms Meta will lay off 10,000 employees
Meta, the parent company of Facebook, has confirmed it is laying off another 10,000 workers. It is the second wave of cuts at the...
Naira scarcity forces Indian keke maker Bajaj to cut production
Indian motorcycle and three-wheeler maker Bajaj Auto is cutting down on its projected export due to Nigeria’s naira note redesign and demonetization policy that...
Another U.S. bank fails, govt moves to protect customers
United States regulators have shut down a second bank after the collapse of the start-up lender, Silicon Valley Bank, on Friday spread fear about...
Silicon Valley Bank, lender to world’s biggest startups, collapses
U.S. regulators have shut down Silicon Valley Bank, the California-based lender to some of the biggest names in the tech world, making it the...