Stripe Buys Back Shares at $70 Billion Valuation
Stripe Inc. is repurchasing shares at a $70 billion valuation, the same as its previous share sale.
The deal could result in hundreds of millions of dollars in shares changing hands.
Eligible shareholders, including ex-employee...
OneIM Expands to $8 Billion, Plans New Delhi Office
One Investment Management (OneIM), led by ex-SoftBank Vision Fund co-CEO Rajeev Misra, has increased its fund size by over $1 billion this month.
The fund, now worth $8 billion, is expanding operations with new offices in Japan and ...
DOJ Pushes Google to Sell Chrome Amid Antitrust Battle
The DOJ is set to request a court order for Google to divest its Chrome browser, following a ruling on search market monopoly.
Measures related to AI and Android OS are also expected; Google plans to appeal by August 2025.
Google's...
Amazon Tightens Work-From-Home Rules for Disabled Employees
Amazon is making it harder for disabled employees to work from home, implementing a rigorous vetting process for such requests.
The revised policy is causing unrest among employees, already upset by the five-day return-to-office man...
AI Giants Struggle with Advancements Amid High Costs
Leading AI companies OpenAI, Google, and Anthropic are facing challenges in developing more advanced AI models, with diminishing returns on their investments.
The lack of new, high-quality training data and the high costs associated...
Prosus Earns $2B from Swiggy Stake Amid IPO
Prosus NV has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent.
The company will sell shares in the IPO, retaining 25% of Swiggy, similar to its stake in Tencent.
Prosus's...
Young Generations Face Rising Debt Crisis
Young adults are sinking deeper into debt, with Millennials and Gen Z seeing an average debt increase of 8% and over 15% respectively.
Wages have not kept up with inflation, causing financial strain and anxiety for many.
The ga...
