Stripe gets an arbitrary evaluation, Facebook promotes the COVID vaccine, and Elon Musk has an interesting new title. This is your daily crunch for March 15, 2021.
Big Story: Stripe is priced at $ 95B
That’s right: the popular payment company has Raised $ 600 million In new funding at a valuation of $ 95 billion. It says that it will use the funds to expand into Europe while expanding its global payment and treasury network.
In a statement, chairman and co-founder John Collison said, “Whether in fintech, mobility, retail or SaaS, there is a huge growth opportunity for the European digital economy.”
Meanwhile, at Extra Crunch, Alex Wilhelm takes a closer look Company new development number, Like the fact that it is now working with more than 50 companies each processing more than $ 1 billion annually.
Facebook to label all COVID-19 vaccine posts with pointers to official information – The company says it has also implemented some “temporary” measures aimed at limiting the spread of vaccination misinformation / combative vaccine.
Excellency Elon the First, Technococking of Tesla – In Musk-Speak, his new title still translates to Chief Executive Officer of Electric Car Company.
Netflix received 35 Oscar nominations, including 10 for ‘Manak’ – Of course, this is a streaming-focused year for movies overall.
Startup, Funding and Venture Capital
Airtable has now been valued at $ 5.77B with $ 270 in Series E funding – Airtable is a relational database that describes as a smoked-up version of many Excel or Google sheets (and has at least one TechCrunch editor sworn by it).
WeWork opens up its products in an attempt to eliminate itself, but will the strategy work? – The epidemic presented Wawork with challenges, but also, some might say, opportunities.
ElevateBio raises $ 525M to further its cell and gene therapy technologies – The company’s business model focuses on both the development and commercialization of its own therapies, working through long-term partnerships with academic research institutes.
Additional crisis advice and analysis
Julia Collins and Sarah Kunst set out to build a fundraising process – Collins is the first black woman to co-founder a venture-backed Unicorn, so it should be no surprise that investors lined up to place bets on her latest venture.
Olo widens IPO range as Digital Ion sees possible $ 5B debut valuation – It is a busy day in IPO-Bhoomi.
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US e-commerce is on track for its first $ 1 trillion year by 2022 due to enduring epidemic effects According to a new report by Adobe’s e-commerce division, the COVID-19 epidemic boosted online shopping to the tune of $ 183 billion.
BMW debuted the next generation of its iDrive operating system – With its new system, BMW is expanding the center dashboard display all the way through the cockpit.
4 signs your product is not as accessible as you think – Bringing decades-long legacy code and design into the future is not easy.
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