An Indian-American Entrepreneur Takes PayPal to Court Over A ‘Minority-Focused’ Investment Program That Didn’t Include Asians
On June 11, 2020, PayPal launched a $530 million program to invest in "minority-focused investment funds" and "address economic inequality." One of...
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The Crowdfunding Campaign for Deadly Israeli Military Drones
The war in Gaza has been good for the drone startup XTEND. Since October 7, the Tel Aviv company has pivoted to providing the Israeli military with...
Read MorePayPal brings many of its brands under a single umbrella, but Venmo remains a stand-alone
For Frank Keller, it's a pivotal moment at PayPal. After two years, two CEOs and endless brand strategy meetings, the company is, in his view, ready...
Read MoreFintechs like Block and PayPal are battling like never before to be your all-in-one online bank
Jack Dorsey's Block got started as Square, offering small businesses a simple way to accept payments via smartphone. Affirm began as an online...
Read MorePayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027
At PayPal's first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn't just an easy way to split the...
Read MoreDemocrat senators question what Elon Musk plans to do with sensitive CFPB data
Democrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against the moves that the Trump administration...
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PayPal lays off 2,500 workers one week after CEO announces 'new chapter'
PayPal is slashing 9% of its workforce — about 2,500 jobs. The CEO said cuts will "right-size our business." PayPal's stock has slid more than 20%...
Read MoreBlock's 28% plunge in February leads fintech sell-off, while Stripe shows benefit of staying private
Stripe has once again shown why sometimes it's better to be private. During a February sell-off for fintech stocks, Block plunged 28%, its steepest...
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Peter Thiel invests in group to recreate the Olympics on steroids — literally
Peter Thiel has invested in an effort to create an Olympic Games that welcomes doping. The PayPal cofounder was one of several investors named...
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