When two friends living in Europe got fed up with money-transfer fees, they knew there had to be a better way, and PayPal's founder agreed.» Read More
Stripe now operates in several countries including Canada, Britain and Ireland, and is beta-testing in European countries such as Finland and Switzerland. It was valued at $1.75 billion in a January round of funding from venture capitalists, including Khosla Ventures, Sequoia Capital and Founders Fund.
SAN FRANCISCO, June 23- A group of influential Internet moguls aim to fix what they refer to as the "big money problem" in Washington politics by, well, raising cash.
SAN FRANCISCO, April 9- Question-and-answer service Quora has raised $80 million in funding led by financier Tiger Global, the latest in a group of no-revenue startups to land outsized checks from investors.
*Xero leads charge, now NZ's 2nd- biggest listed company. WELLINGTON, March 25- New Zealand technology firms are rolling into global markets, selling software to businesses that locks down mundane tasks like accounting and expenses, rather than developing slick social media apps that consumers download free of charge.
SAN FRANCISCO, March 6- Founders Fund, the venture-capital firm behind startups like space exploration company SpaceX and data-mining company Palantir Technologies, said it had raised $1 billion for its latest fund. In addition to Nosek, Founders Fund V will be led by partners Ken Howery, Brian Singerman, Peter Thiel, Lauren Gross, Geoff Lewis and Scott Nolan.
The SEC has embarked on a multi-year deal, worth more than $13 million, to use Palantir's technology to help the agency crunch massive amounts of data, said John Nester, a spokesman for the U.S. securities regulator.
The SEC has embarked on a multi-year deal, worth more than $13 million, to use Palantir to help the agency crunch massive amounts of data, the sources said.
Andrew Brackin, one of the 20 under 20 who received a Thiel Fellowship, talks to CNBC about what it takes to get ahead in tech.
It's a long fall from flying cars to 140 characters.
For almost 10 years, CNBC anchor Maria Bartiromo has covered the Milken Institute's Global Conference in Los Angeles each spring.
PayPal founder Peter Thiel discusses the future of technology, and how he would characterize what's going on in social media, with CNBC's Maria Bartiromo. "I think the story of technology more broadly is doing more with less," he says.
Oct 31- Facebook Inc shares fell nearly 4 percent in busy trade on Wednesday as the company allowed employees to start selling roughly 230 million shares less than six months after its rocky market debut.
*EBay to take pretax restructuring charge of $15 mln. PayPal, the online payment pioneer owned by eBay Inc, said on Monday the full-time jobs would be eliminated as it combines nine product-development groups into one. EBay will take a $15 million pretax restructuring charge in the fourth quarter related to the job reductions.