Uber’s valuation may be looking at a haircut — Japan’s SoftBank is officially offering to purchase shares of the firm at a $48 billion valuation. That is a 30 percent discount off of Uber’s most recent valuation of $68.5 billion, a person familiar with the matter...
On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Walmart CEO Doug McMillon said the company’s turnaround, which was aimed at pushing back against Amazon’s dominance, is finally starting to resonate with Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
PayPal announced Monday (Nov. 20) it has inked a deal with Acorns, the investing platform, in which customers can use PayPal to fund their investment accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Deliveroo, the U.K. food delivery startup, has landed $98 million in fresh venture funding led by T. Rowe Price Associates and Fidelity Management & Research Company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The European Securities and Markets Authority (ESMA) warned investors about the risks of initial coin offerings (ICOs) in a statement on Monday (Nov. 13) and also issued rules for firms that become involved in them. Get the Full Story Complete the form to unlock this...
Recent moves from Donald Trump to undo policy changes in U.S. relations with Cuba have caused U.S. businesses to pull back on excitement over getting involved with the island, according to news from Reuters on Friday (Nov. 10). Get the Full Story Complete the form to...
Trouva, an online marketplace for merchants that don’t sell their products online, has raised $10 million in a new round of venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Despite failing to meet growth projections and seeing a decrease in ad sales, Snapchat disclosed that Tencent has increased its stake in the company by more than 12 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
