65B

Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal

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Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding at … Read more

Alameda had a $65B line of credit and ‘unlimited withdrawals’

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The Sam Bankman-Fried trial gained steam after a somewhat sleepier first half of the day. That’s when prosecutors and the defense asked a witness and former FTX developer about the technical details of the crypto exchange as well as Alameda Research. But that changed around 4 p.m. when FTX co-founder and CTO Gary Wang took … Read more