Tag Archives: peter thiel

PayPal lost over 8% of its stock price yesterday as it feels the brunt of the biting coronavirus epidemic. The company’s execs have also been dumping shares.Just like many other companies, PayPal Holdings Inc (NASDAQ: PYPL) is not having a field day at all. The company’s stock is reacting quite unfavorably to the coronavirus epidemic burning large holes through the stock market. Currently, PayPal (PYPL) stock isn’t exactly doing great, causing the company and investors to be a little worried....

Despite the fact that Facebook has faced numerous challenges tackling sensitive ads in the political election period, yesterday FB stock started to rise and showed some signs of recovering.Facebook (FB) stock price showed signs of recovering from the falling trend that had started forming before the market closed yesterday. The stock started reversing after hitting $207 where it is currently trading at $210.76 per share at the time of news reporting. The volatility on the Facebook stock is...

German fintech bank N26 has told customers that it’s pulling out of the UK because it won’t have a license to operate there after Brexit. The company said it will close down all UK accounts on April 15 and is advising customers to transfer their funds to alternative bank accounts.German online bank N26 announced on Tuesday it is leaving the United Kingdom because, after Brexit, it will be enabled to operate there. The company said that “with the UK having left the EU at the end of January, we...

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...

U.S. Senator Johny Isakson was serving well at his position in United States Senate. However, health issues are chasing the old man: he decided to leave the job and enjoy life. The governor Brian Kemp has the power to elect a new member of the Senate to serve till the special elections. Many people approached him with pitches.President Trump Wanted His Brother in Arms to Acquire the SeatPresident Donald Trump suggested appointing Doug Collins at this position. He is a Republican who has been...

Facebook CEO Mark Zuckerberg and board member Peter Thiel met secretly with President Trump in October.The purpose of the meeting – and why it wasn’t disclosed by the White House – remains unknown.After Facebook revealed the meeting had taken place, Democrats dragged Zuckerberg on Twitter.President Donald Trump invited Facebook CEO Mark Zuckerberg and board member Peter Thiel to a White House dinner in October, but didn’t disclose the meeting to the public.Facebook told NBC News about the...

Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such a row of prominent investors including Peter Thiel, an American billionaire and co-founder of PayPal, Palantir Technologies and Founders Fund, and Shasta Ventures, an early-stage venture capital investment firm that invests in enterprise and technology consumer startups.According to Alexander Liegl, CEO of...

U.K based fund transfer service, TrasnferWise Ltd, has announced that in its last fiscal year, the company’s revenues recorded growth by more than 50%. TransferWise which is fully backed by Sir Richard Branson as well as Peter Thiel’s Valar Ventures, had its fiscal year-end on the 19th of March, which confirms the company’s three-year consecutive profit streak.TransferWise successfully pulled in 179 million pounds (about $223 million) in revenue which is an increase of more than half of the...