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Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damagesA Swedish court has ordered Google to pay approximately $1.5 billion in antitrust damages to PriceRunner, a price comparison firm owned by ...- 'Let me make this point, please...': Former Google CEO Eric Schmidt booed by University of Arizona students. Here's what he said on AIFormer Google CEO Eric Schmidt faced boos at the University of Arizona commencement for warning graduates about technology's 'mess'. He ack...
- Blackstone bets big on education; banks push UPI creditHappy Tuesday! Blackstone is in talks to acquire a controlling stake in Jayshree Periwal International School (JPIS). This and more in toda...
- Klarna set to price much-awaited US IPO in boost to fintech hopefulsKlarna, the Swedish buy-now, pay-later giant, is set to price its U.S. IPO, aiming to raise up to $1.27 billion. The IPO, priced between $3...
- Swedish fintech Klarna eyes $1.27 billion raise via long-awaited IPOKlarna and some of its investors plan to sell 34.3 million shares between $35 and $37 each via the IPO. Upon listing, Klarna will trade on ...
- Chime, which almost sank in 2016, makes strong Wall Street debut; what changed?Chime Financial had a strong Nasdaq debut. The stock price increased significantly after the IPO. The company raised $864 million. Founders...
- Cred’s valuation cut; BluSmart ends rideHappy Monday! Fintech startup Cred is in talks to raise new funds at a reduced valuation. This and more in today’s ETtech Morning Dispatch.
- Payments body seeks MDR return; Turkey opposition X-ed outThe Payments Council of India has sought the return of a merchant discount rate (MDR) for large merchants. This and more in today’s ETtech ...
- Payments firm Klarna files for $1 billion IPO, targets $15 billion valuationKlarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of $244 million on revenue of $2.28 billi...
- Rapido's GST hurdle; Byju’s-BCCI settlementRide-hailing app Rapido has been held liable to pay goods and services tax (GST) for its cab service. This and more in today’s ETtech Top 5.
- Meesho’s secondary deal; tech VCs line up for consumer brandsPeak XV Partners and Tiger Global are among investors aiming for a stake in ecommerce firm Meesho via secondary deals. More details in a pa...
- Freshworks CEO reserves 2,200 seats for exclusive employee for Rajinikanth's 'Jailer'Freshworks, a global SaaS company based in Chennai, secured 2,200 cinema tickets for the exclusive use of its workforce for the release of ...
- Rajeev Misra’s $7 billion fund scouting for India opportunities after debut investment in Shapoorji PallonjiRajeev Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the S...
- SoftBank prepares new round of layoffs at Vision FundThe layoffs, which could be announced in the next two weeks, may impact up to 30% of its staff at the unit, including employees in US, one ...
- Microsoft continues layoffs, sacks nearly 1,000: reportThe company has confirmed the ‘role eliminations’. This is the third round of layoffs at Microsoft in four months. In July, the Big Tech fi...
- Recession fears hit Big Tech firms as Facebook parent Meta pauses hiringMeta joins a growing list of tech firms such as Apple, Google, and Microsoft that have either paused hiring or started laying off staff
- Are Indian startup founders in denial?The RBI's digital lending guidelines have increased the pressure on new-age lending businesses, forcing them to focus on their non-banking ...
- Zomato to become ‘Eternal’; 11,500 sacked at Indian startups this yearZomato is rebranding itself to Eternal, an entity that will house Zomato's food delivery business and its growing number of side hustles.
- SoftBank's Masayoshi Son faces shareholders shaken by $34-billion lossBut five years of deploying $142 billion has now resulted in a record 2.1 trillion yen ($15.4 billion) loss for SoftBank in the quarter end...
- Apple's potential 'buy now, pay later' plan sends sector shares tumblingThe US tech giant will use Goldman Sachs, its partner since 2019 for the Apple Card credit card, as the lender for the loans, Bloomberg New...
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