Payments start-up Square is raising at least $100m in a funding round that valued the group at $6bn, up from a $5bn valuation earlier this year, according to a new company filing.
Paypal will soon start to enable merchants on its payments processing network to accept bitcoin, a sign of the growing acceptance and maturation of the volatile digital currency sometimes derided as magic internet money.
It’s already obvious that investment into start-ups is booming, and new data out today shows just how loudly the market is roaring. Read more
A new tie-up between a payment company affiliated with Chinese e-commerce group Alibaba and a US-based payments processor could soon make it far easier for Chinese shoppers to buy online from overseas retailers.
Stripe, a San Francisco start-up that handles payments for online retailers, has started to let online retailers accept purchases made through Alipay, an Alibaba-affiliated payment method that is by far China’s most popular way of paying for goods bought online. Read more
What can a company that proposes using drones to deliver goods instantaneously do to impress?
Amazon tried hard with its Fire phone, the first smartphone ever from the e-commerce giant. It sort of succeeds, but the best thing about the phone is the vision of what it could become after a few rounds of refinements and tweaks. Read more
A win for online education and sensible sanctions regulation. Today, online course provider Coursera says it is able to re-open the majority of its classes to Iranian students, a few months after US sanctions on Iran and certain other nations forced the start-up to block learners in those countries from its site.
Google’s first ever public report on its diversity is out, and the numbers are not hugely shocking. Women make up less than a third of its workforce globally, while 5 per cent of its US staff are black or Hispanic.
More notable: The fact that Google admits it was in the wrong not to have released this data earlier. Read more
Famed internet analyst Mary Meeker’s latest prognostications on how the internet is developing were out today. The key — perhaps unsurprisingly — is mobile, and how it’s reshaping what gadgets we buy, what we use them for, and where exactly those users are from.
Here are five key figures from her report: Read more
After the correction in tech stocks in recent weeks, investors would be forgiven for being surprised by the performance of two tech IPOs in New York this week. Read more