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Tag: paying

Robotic Automations

Spotify will start paying video podcast hosts based on how well their videos perform | TechCrunch


Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube’s dominance in the video podcast space. Although creators can already monetize their podcasts on the platform, they are now being incentivized to publish a video component alongside their […]

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Software Development in Sri Lanka

Robotic Automations

Crypto CEO kidnapped in Toronto, released after paying $1M ransom | TechCrunch


The CEO of Canadian cryptocurrency firm, WonderFi, was kidnapped and held for ransom on Wednesday, according to CBC. Dean Skurka was reportedly shoved into a vehicle in downtown Toronto during rush hour, only to be released uninjured after electronically sending $1 million (presumably CAD) to his captors. The WonderFi CEO is the latest crypto celebrity […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

Deal Dive: A Stripe secondary deal worth paying attention to


Venture capitalists and founders are hoping — praying? — for exits to pick back up in 2024. A recent TechCrunch+ survey found that there is consensus among VCs that exits will start to rebound this year, but the when and the how are still a bit fuzzy.

The consensus, though, is that fintech Stripe will go public this year. The investors surveyed clearly aren’t the only ones who are excited about a potential Stripe exit in 2024, either. According to secondary data tracker Caplight, there has been an absolute flurry of buyers looking to get shares in the company in recent months.

While bids tell us one thing, deals tell us another, and a closed transaction this week tells us a lot about what could happen to Stripe in 2024. On Tuesday, literally the day after New Year’s Day, a secondary sale closed that valued Stripe shares at $21.06 apiece; that values the startup at $53.65 billion, according to Caplight data.

Stripe declined to comment.

There are a few reasons why this deal is worth paying attention to. For one, Stripe’s $53 billion value marks an increase from the company’s most recent primary round last March, when Stripe was valued at $50 billion.


Software Development in Sri Lanka

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