Tech

BRIEF: Stripe receives USD6.2M in equity funding
Tech

BRIEF: Stripe receives USD6.2M in equity funding

According to a latest SEC filing, Stripe has just raised about USD6.2 million from several investors. William Gaybrick, Stripe’s chief financial officer signed the filing. Stripe is a US technology company, operating in over 25 countries, that allows both private individuals and businesses to accept payments over the Internet. According […]

Former Yahoo, Altaba announces share buyback
Tech

Former Yahoo, Altaba announces share buyback

Former Yahoo Inc., Altaba Inc., said its Board of Directors has authorized the repurchase of up to $5 billion of its common stock. Altaba announced in June that it had repurchased approximately 64.5 million common shares, or approximately 6.7% of the Company’s issued and outstanding shares, for $3.4 billion in […]

Russia’s Yandex says net profit rose by 69% in Q2
Tech

Russia’s Yandex says net profit rose by 69% in Q2

Russia’s largest Internet search company said its net profit for the second quarter rose 69% in the second quarter to RUB3.5 billion. “Our team delivered another strong quarter,” said Arkady Volozh, Chief Executive Officer of Yandex. “Our agreement with Uber to combine ride-sharing operations in Russia and five neighboring countries […]

Stripe acquired Payable to integrate tax filings for merchants
Tech

Stripe acquired Payable to integrate tax filings for merchants

Stripe has acquired Payable to help make it easier for platforms and marketplaces on Stripe Connect to meet their tax reporting obligations worldwide. Multi-sided platforms around the world are using Stripe Connect to accept money, pay it out to third parties, and eliminate all the complexity that’s typically involved. One traditional pain […]

Nasdaq to acquire market surveillance provider, Sybenetix
Tech

Nasdaq to acquire market surveillance provider, Sybenetix

Nasdaq has entered into a definitive agreement to acquire Sybenetix, a surveillance provider that combines behavioral analytics and cognitive computing with financial markets expertise. Sybenetix’s technology offering is designed to solve key surveillance challenges facing the asset management industry. The addition of Sybenetix to Nasdaq’s Risk & Surveillance suite of solutions, […]

Alphabet appoints Sundar Pichai to its board
Tech

Alphabet appoints Sundar Pichai to its board

Alphabet Inc., the parent company of Google said it has appointed Sundar Pichai to its board of directors. The company’s board consists of the company’s founders Larry Page and Sergey Brin. Mr. Sundar Pichai has been the Chief Executive Officer of Google Inc., since October 02, 2015. Mr. Pichai leads […]