Reddit’s potential investors reportedly want the company to seek a $5 billion IPO valuation. That’s according to a report Sunday (Jan. 28) by Bloomberg News, citing sources familiar with the discussions around the social media platform’s planned initial public offering (IPO). In an email to PYMNTS on...
Valentine’s Day has long been associated with the exchange of thoughtful gifts, and few tokens of affection are as iconic as a bouquet of flowers. The impact of inflation on consumer purchasing power, however, has led many to reassess the significance of these traditional gestures....
Proof Technology has secured $30.4 million in Series B funding to advance its online litigation services marketplace. This investment will enable the legal technology company to scale its platform for legal document serving, eFiling and other litigation services, Proof Technology said in a Friday (Jan. 26) press...
The Biden administration is reportedly set to propose new requirements for cloud computing companies in an effort to enhance security and protect sensitive data. The proposed “know your customer” regulations aim to identify who is accessing U.S. cloud technology to train artificial intelligence (AI) models,...
Sierra, an enterprise-focused AI startup co-founded by OpenAI Chairman Bret Taylor and former Google executive Clay Bavor, is reportedly on the verge of achieving unicorn status with a new investment. Sequoia Capital is expected to lead an $85 million funding round valuing Sierra at nearly $1 billion, Bloomberg reported Friday (Jan. 26), citing an...
Airbnb will add about 2% to its guest service fees when guests pay with a currency different from the one set by the host in their listing. This additional amount for cross-currency bookings will be added to guest service fees, beginning April 1, the online marketplace...
With subscription companies seeking more frictionless ways to drive conversion, tech giants are looking to capture the opportunity, offering one-click solutions and other quicker, easier options. Digital payments company PayPal, for example, announced a range of products and services Thursday (Jan. 25), including the addition...
eCommerce firms are grappling with the widespread impact of fraud, and according to PYMNTS Intelligence research, more than 80% encountered true fraud — verified instances of fraudulent activities, not just suspected cases or false positives — in the past year. The PYMNTS Intelligence study “Fraud...
Generative artificial intelligence tends to grow in leaps and bounds. And increasingly, so do the companies behind the technology, including Microsoft, which reached a market valuation of $3 trillion Wednesday (Jan. 24) due to the impact of AI on investor’s appetites, consolidating its position as...
