Stripe raises US$6.5 billion at US$50 billion valuation – nearly half its peak
The payments processing giant has cut its valuation multiple times since its $95 billion high in early 2021.
Business
Only the ‘first domino to drop’: Grim warning in wake of SVB collapse
US bank stocks shed tens of billions of dollars in market value as their nightmarish week continues.
Ryan Reynolds’ Mint Mobile acquired in eye-watering $2 billion deal
The actor will continue to serve as a spokesperson for the brand.
When 80,000 years of science meets emerging tech
As the founder of Australia’s first Indigenous edu-tech company, CEO Mikaela Jade has created a place where Indigenous cultures and critical technologies meet.
Who’s on top of the Australian wealth tree?
Mining magnates have dominated this year’s Australia’s 50 Richest list and a surprising number of them stem from only two families.
From doing your taxes, to sitting an exam: Here’s what GPT-4 is capable of
However, the new version of ChatGPT could have been a lot more contentious, the company admits and has instituted substantive new guardrails to prevent malicious answers.
Facebook parent Meta axes another 10,000 jobs
Shares of the Facebook parent rose 4% following the announcement and are up 50% year-to-date.
How Spotify, Instagram and Twitter are trying to catch up to TikTok
Amid TikTok’s explosion in popularity, other social media platforms are trying out their own versions of its signature features.
Bank stock losses top $185bn in SVB collapse aftermath
Regional banking stocks such as Western Alliance and First Republic tumbled Monday following the failures of Silicon Valley Bank and Signature Bank.
Everything you need to know about Silicon Valley Bank’s collapse—the biggest bank failure since 2008
The California-based tech startup lender was shut down by the state’s financial regulator Friday.