PayPal makes $500mn investment in Uber: Report

SAN FRANCISCO: Global online paymentssystem PayPal is investing $500 million in Uber ahead of the highly anticipated Initial Public Offering (IPO), the media cited the ride-sharing major updated S1 filing. “I don’t think you spend that kind of money unless it’s part of a global strategy to enable these new super-platforms,” Ryan Gilbert, Partner at Venture Capital Firm Propel Ventures was quoted […]

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PayPal makes a big marketplace play with its $500M investment in Uber

Uber’s  announcement of its IPO pricing earlier today came with a $500 million belated Easter egg. The payments giant PayPal is making a half-billion-dollar investment in the company, paying $47 per share, which gives the company a valuation of $78.8 billion (in the middle of the range of Uber’s IPO pricing of $44-$50 per share). Neither Uber nor PayPal  gave […]

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Small Business Headlines from Xero, Paypal, Shopify and More

When it comes to your business’s finances, there are so many different tools for you to consider. So it can be a big help when the tools you already use integrate with one another to make the whole process easier. Recently, Xero announced improved integration with PayPal. And Shopify also added a partnership that could […]

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