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PayPal's Stripe Talks, Anthropic's $200 Billion Bet and More: This Week In Tech As the week wraps up, here’s a quick look at some of the top stories that made headlines. Benzinga · Aug 16
PayPal in talks with Stripe and private equity firm over sale: report In July, Stripe and private equity firm Advent International made a joint offer to buy the digital payments pioneer for $60.50 a share, which would have valued PayPal at around $53 billion, according to media reports. PayPal has struggled to compete with other payments providers including Apple Pay and Google… The Economic Times · Aug 15
How to help after Colombia's devastating earthquake Colombia is grappling with the aftermath of a 7.4-magnitude earthquake that struck Monday, affecting a large part of the western region The Independent UK · Aug 14
Is Australia’s buy now, pay later boom at an end? Several firms promised to disrupt the consumer credit market by offering consumers their purchases instantly and the bill later. Did it work? The Guardian - AU · Aug 13
Did you order GrubHub? You might be getting a check in the mail GrubHub falsely said drivers in New York could earn up to $40 an hour, while median pay was about $10, the FTC says The Independent UK · Aug 13
Quote of the day by Peter Thiel: 'First mover advantage is a trap, it's much better to be the last mover' PayPal founder Peter Thiel contradicted the well-known business lesson that being the first mover in a sector has its own advantage and suggested that it is highly overrated and a trap. Because first-movers can become unseated by a new entrant and he supported his theory by citing how Microsoft remained… The Times of India · Aug 11
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These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI PayPal, Texas Instruments and J.B. Hunt drew heavy analyst upgrades in July, fueled by a buyout offer, strong earnings and industrial growth, despite limited AI exposure. MarketBeat · Aug 10
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The Times of India · Aug 2 Quote of the day by Elon Musk: Some people don't like change, but you need to embrace change if the alternative is disaster Elon Musk, a leading figure in entrepreneurship, emphasizes the importance of change to sidestep potential crises. He played a key role in founding PayPal and has heavily invested in pioneering firms like SpaceX and Tesla, reshaping various fields. Musk aims to tackle pressing issues such as sustainable energy and space…
Reason · Jul 31 Review: When Banks Do the Government's Bidding Transaction Denied explains how the feds pressure banks to punish disfavored groups like the NRA.
The Independent UK · Jul 28 Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers Elon Musk's social media company X, previously Twitter, has launched X Money, a bank account-like service for users to send money to each other
The Economic Times · Jul 28 PayPal presses on with turnaround in pivotal quarter as sale questions linger PayPal has detailed its cost-saving plans through 2029. The company also raised its 2026 profit forecast above market expectations. These results emerge as takeover speculation continues to swirl around the firm. PayPal's board considers the recent acquisition offer inadequate. The payments giant is implementing changes to streamline operations and cut…
Benzinga · Jul 27 PayPal Prediction Market Earnings Preview: Will Management Talk About Stripe? PayPal Holdings (NASDAQ:PYPL) reports second-quarter results Tuesday morning, one week after its board reportedly rejected a $53 billion takeover offer from Stripe and Advent International.
Barchart · Jul 24 Truist Just Upgraded PayPal Stock. Here's Why. PayPal stock inches higher as Truist upgrades the fintech firm to "Hold." Here’s what made analyst Matthew Coad lift his rating on PYPL shares.
TechRadar · Jul 24 Be careful where you click — ChatGPT joins Microsoft, Google in most-impersonated brands online OpenAI debuts in the top 10 most impersonated companies, seeing nearly as many attacks as PayPal, WhatsApp, Facebook.
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MarketBeat · Jul 22 PayPal Rejected a $53 Billion Takeover Bid: Is the Stock Undervalued? PayPal rejected a $53.4 billion buyout bid from Stripe and Advent International, but its PYUSD stablecoin, Visa integration, and improving fundamentals suggest shares may still be undervalued.
Fortune · Jul 22 Ray Dalio warned Elon Musk against betting all his money on Mars exploration: The SpaceX CEO said there was 'no need' for a financial backup plan "Making money is not a big deal" for Elon Musk, says hedge fund founder, Ray Dalio.