Sources: Checkout.com, which offers payment processing tools, drops its internal valuation to ~$11B, after securing a $40B investor valuation in January 2022 (Ivan Levingston/Financial Times)

Ivan Levingston / Financial Times:
Sources: Checkout.com, which offers payment processing tools, drops its internal valuation to ~$11B, after securing a $40B investor valuation in January 2022  —  Start-up sharply reduces price of staff stock options as private tech groups are hit by funding crunch

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A profile of Checkout.com founder and CEO Guillaume Pousaz, who owns 60% of the $40B London-based payments company and has begun investing in fintech startups (Ivan Levingston/Bloomberg)

Ivan Levingston / Bloomberg:
A profile of Checkout.com founder and CEO Guillaume Pousaz, who owns 60% of the $40B London-based payments company and has begun investing in fintech startups  —  A college dropout from Switzerland has amassed a $14 billion fortune to become one of the country’s richest people by creating a rising star in electronic payments.

Binance CEO Changpeng Zhao says that the company signed a non-binding LOI to fully acquire FTX and help cover the liquidity crunch, pending due diligence (@cz_binance)

@cz_binance:
Binance CEO Changpeng Zhao says that the company signed a non-binding LOI to fully acquire FTX and help cover the liquidity crunch, pending due diligence  —  This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://ftx.com/ and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022 (Stefanie Marotta/Bloomberg)

Stefanie Marotta / Bloomberg:
Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022  —  Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity …

Memo: Elon Musk tells Twitter staff they can continue to receive stock and options despite the company being private, using a plan “much like that of SpaceX” (Ashley Capoot/CNBC)

Ashley Capoot / CNBC:
Memo: Elon Musk tells Twitter staff they can continue to receive stock and options despite the company being private, using a plan “much like that of SpaceX”  —  – Twitter’s new owner Elon Musk told employees Monday they can receive stock and options as part of an …

Dream Security, a cybersecurity company co-founded by former NSO Group CEO Shalev Hulio with a focus on protecting critical infrastructure, has raised $20M (Ivan Levingston/Bloomberg)

Ivan Levingston / Bloomberg:
Dream Security, a cybersecurity company co-founded by former NSO Group CEO Shalev Hulio with a focus on protecting critical infrastructure, has raised $20M  —  The former chief executive officer of Israeli spyware company NSO Group, Shalev Hulio, has joined with ex-Austrian Chancellor Sebastian Kurz …

RisingWave Labs, which is developing a data stream processing service, raised a $36M Series A led by Yunqi Partners, bringing its total funding to $40M+ (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
RisingWave Labs, which is developing a data stream processing service, raised a $36M Series A led by Yunqi Partners, bringing its total funding to $40M+  —  RisingWave Labs, a company developing a platform for data stream processing, today announced that it raised $36 million in a Series …