Financial Daily Dose 3.15.2021 | Top Story: Stripe Hits $95 Billion Valuation, Tops Among Startups

Robins Kaplan LLP
Contact

Robins Kaplan LLP

Six-hundred million in its latest funding round means that payments company Stripe’s valuation now tops $95 billion, “making it the most valuable start-up in the United States” - NYTimes and WSJ and Bloomberg and MarketWatch

Popular but strapped communications app Telegram, on the other hand, is in desperate need of advertisers and oh, say, $700 million or so - WSJ

Chinese tech giant Xiaomi has secured a federal court ruling blocking enforcement of a U.S. ban on its technology, casting “doubt on the Pentagon’s decision in January to designate Xiaomi as a company with links to the Chinese military” - WSJ and Law360

After decades of being slowly starved of federal funds, state, local, and tribal governments are about to find themselves flush with American Rescue Plan funds—some $350 billion worth. So what’s on tap after the budget holes are plugged and pandemic-related costs are satisfied? Long-overdue civic initiatives, for starters - NYTimes

And while we’re feeling rosy, how about a spate of reasons from The Upshot to be optimistic about American economic growth - NYTimes

Meet [with a veil of anonymity, of course] the whistleblower largely responsible for the new DOJ allegations unveiled last week accusing Credit Suisse of continuing to “help[] rich Americans hide their wealth from tax collectors,” seven years after the bank paid $2.6 billion and promised federal officials it would stop the practice and close a series of offending accounts - NYTimes

As we hit the year mark for the pandemic label, the Journal looks back at March 2020, the “month coronavirus unraveled American business” - WSJ

Stewart Bainum, the Maryland hotel exec who led the charge to create a nonprofit organization to buy and run the Baltimore Sun as part of a spinoff from the Alden Global/Tribune Publishing deal, is reportedly throwing a wrench in plans over a disagreement with Alden and may make “a bid for all of Tribune Publishing” himself - NYTimes

A “long-simmering” dispute between Microsoft and Google boiled over on Friday in an unusually public way at a hearing about the effect of tech giants on the news industry, with Microsoft President Brad Smith calling out Google by name in his prepared remarks and eliciting a near-immediate response from a top Google exec - WSJ

Former Theranos chief Elizabeth Holmes revealed last week that she’s pregnant, and she and prosecutors have reached a deal to push back her trial by several months—an agreement that still needs court blessing – Law360

The Journal explores how Shopify is providing a means for small- and medium-sized retailers to fight Amazon without having to sell to consumers directly - WSJ

The unlikely alliance between a pirate (Sir Francis Drake) and a queen (Elizabeth I) as a driving force behind what would become the British Empire? Perhaps a bit of a stretch, but well worth a read anyway in the hands of Nigel Cliff - NYTimes

Stay safe.

Written by:

Robins Kaplan LLP
Contact
more
less

Robins Kaplan LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.