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Business Peter Thiel

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  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • July 20- PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc's fold, valuing the digital payment processor at about $52 billion. PayPal is a giant in the market it helped create- it processed 4 billion payments totaling about $235 billion in 2014. But the online payments...

  • July 20- PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on Monday, valuing the company at about $52 billion. PayPal, spun off from eBay Inc, is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth Apple Inc,...

  • PayPal valued at about $50 bln ahead of market debut Monday, 20 Jul 2015 | 9:28 AM ET

    July 20- PayPal Holdings Inc shares rose 5.9 percent in premarket trading, ahead of their highly anticipated return to the Nasdaq, valuing the company at about $50 billion. PayPal, spun off from eBay Inc, is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth...

  • SAN FRANCISCO, July 15- Venture-backed lender ZestFinance is raising its standards: its latest product targets subprime borrowers. "Our motivation was middle America, where a small problem, a health issue or bad divorce, could push a perfectly hard-working person out of the core banking system," ZestFinance chief executive Douglas Merrill told Reuters by email.

  • FRANKFURT, June 30- The world's top banks and insurers are seeing their business models challenged by "fintech" start-ups, which are reshaping what consumers and businesses expect from financial services, industry insiders and experts say. A report out Tuesday from the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of...

  • Disruptor 50: No. 7 Palantir Technologies Tuesday, 12 May 2015 | 7:00 AM ET
    Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc.

    The FBI and CIA are clients of this secretive Silicon Valley firm that mines data for intelligence on cybercrime and fraud.

  • Disruptor 50: No. 17 Oscar Tuesday, 12 May 2015 | 7:00 AM ET
    (Left to right) Mario Schlosser, Kevin Nazemi and Josh Kushner of Oscar

    This company is setting itself apart from other health insurers by emphasizing technology, data and its easy-to-understand services.

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • The cash infusion comes as Oscar prepares to expand its operation beyond New York and New Jersey, where it currently operates. "It's openly known that we are going through the licensing process in California and Texas," company Chief Executive Mario Schlosser said in an interview. Oscar, which estimates it now has 40,000 members, added coverage in New Jersey this...

  • Forbes top tech investors unveiled Wednesday, 25 Mar 2015 | 6:53 AM ET
    Forbes top tech investors unveiled

    Bruce Upbin, Forbes technology editor, reveals the names of top tech investors with the Midas touch.

  • Why pot entrepreneurs are moving to Canada Friday, 20 Mar 2015 | 11:40 AM ET
    A worker at Privateer Holdings facility on Vancouver Island, Canada.

    In Canada, marijuana business owners can put their cash into a bank account instead of a vault, and they wear "clean suits" in growing facilities.

  • The quiet start-up inking million-dollar deals Monday, 16 Mar 2015 | 9:48 AM ET
    Quid offices

    The seven-figure deal. It's the holy grail of software. For a small start-up like Quid, it marks entry into the big leagues.

  • TEL AVIV/ FRANKFURT, March 12- Two years after scientists cooked up the first test tube beef hamburger, researchers in Israel are working on an even trickier recipe: the world's first lab-grown chicken. Professor Amit Gefen, a bioengineer at Tel Aviv University, has begun a year-long feasibility study into manufacturing chicken in a lab, funded by a non-profit...

  • LoungeBuddy raises cash, benefits from airport delays Tuesday, 24 Feb 2015 | 12:35 PM ET

    SAN FRANCISCO, Feb 24- LoungeBuddy, a business that allows travelers short-term access to airport lounges, said on Tuesday it had raised $3 million in venture capital, bringing the company's valuation to $18 million. Founders Fund, the venture firm founded by PayPal co-founder Peter Thiel, led the latest round in raising cash but will not take a board seat,...

  • Peter Thiel's fund buys into marijuana business Friday, 9 Jan 2015 | 2:19 AM ET

    Peter Thiel's Founders Fund is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.

  • Peter Thiel eying pot-related investment: Source Tuesday, 16 Dec 2014 | 3:06 PM ET
    Peter Thiel, co-founder of Palantir.

    Peter Thiel is considering a multimillion dollar stake in a private equity firm that's investing in the cannabis space, a source said.

  • Outspoken Peter Thiel silenced by angry protesters Thursday, 11 Dec 2014 | 9:04 AM ET
    Protesters rallying against police violence storm a lecture with PayPal co-founder Peter Thiel at the University of California at Berkeley campus in Berkeley, California December 10, 2014. More than 100 people marched peacefully for several hours before some began breaking windows, looting a cell phone store and spray painting graffiti.

    An appearance by venture capitalist Peter Thiel was cut short at UC Berkeley by demonstrators protesting police killings in Missouri and New York.

  • AvantCredit drafts behind LendingClub's big move Thursday, 4 Dec 2014 | 12:01 AM ET

    With LendingClub set to raise $800 million in an IPO next week, online lender AvantCredit reeled in a bunch of its own cash.