Plaid raised $575M at a $6.1B valuation, below its peak $13B+ valuation in 2021, mostly to cover employees' tax bills for those converting RSUs to common stock
Pioneer of open banking will use $575mn raised from BlackRock and others to cover employee taxes and share buybacks
Sources: OpenAI is letting current and former staff sell ~$1.5B worth of RSUs until December 24 in a tender offer to SoftBank, a deal spurred by Masayoshi Son
OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.
Source: Databricks tells investors it aims to raise $7B to $9B at a ~$61B valuation, to cash out employees that hold RSUs and cover the staff taxes it would owe
Cory Weinberg / The Information : X: @bryce , @alex , @josephjacks_ , and @eastdakota X: Bryce Roberts / @bryce : Zero reason for companies with high demand for their stock to go public anymore. None...
Source: X is giving employees RSUs at $45 per share, implying a $19B valuation; in March 2023, X offered stock at a $20B valuation; Musk bought Twitter for $44B
i mean to be fair it was probably only worth 20-25 when he bought it, so he only erased 1-6 billion in value personally — also not for nothing it's encouraging to see that rule 701 has some actual b...
Stripe raised a $6.5B+ Series I at a $50B valuation to help its employees cover tax obligations for the expiration of RSUs and to fund a new stock tender offer
Digital payments firm Stripe on Wednesday announced that it has raised more than $6.5 billion at a $50 billion valuation.
Sources: Stripe is raising $6B at a $50B valuation from Thrive Capital, General Catalyst, a16z, and Founders Fund to help early employees exercise their RSUs
Eric Newcomer / Newcomer : Tweets: @buccocapital , @ericnewcomer , @kateclarktweets , @carnage4life , @mylesudland , @415_aaron , @ppgosavi , and @carnage4life Tweets: BuccoCapital Guy / @buccocapita...
Sources: Coinbase is pausing new projects, freezing hiring, cutting costs, and giving staff more stock grants after its stock fell 75%+ in the past six months
Good morning, and welcome to Protocol Fintech. Michael Bellusci / CoinDesk : Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report Aislinn Keely / The Bloc...
Musk says he may not “actually be able to” buy Twitter, he is motivated by its public interest value, it should open source its algorithm, and he has a Plan B
Utopian good—with another six architectural and business model reforms. Let me run the place in my spare time from finding, funding, and growing Deep Tech breakthroughs. https://twitter.com/... Kurt W...
Jack Dorsey's tweet sparks uproar: “You don't own ‘web3.’ The VCs and their LPs do. It will never escape their incentives. It's ultimately a centralized entity”
Happy Friday Everyone 👋 — SIX things you need to know this week in 60 seconds. Ana Grabundzija / CryptoSlate : Reformed maxi Erik Vorhees joins the burning debate spurred by Jack Dorsey's Web3 rant ...
Google lowers Play Store subscription fees to 15% and fees for ebooks and on-demand music streaming services to “as low as 10%”; IAP cut seems to be unaffected
here are the details Sareena Dayaram / CNET : Google to cut Play Store fees for subscription-based apps next year Chris Wallace / MCV/DEVELOP : Google cuts the Play Store subscription share to 15% Kul...