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StripeCNBC
•Business
Business & Economics
84% Informative
Stripe announced a tender offer for employee shares at a $91.5 billion valuation.
Fintech stocks like Block , PayPal and SoFi plunged in February , in part due to troubling economic data and the drop in crypto prices.
Meanwhile, Stripe took advantage of its position in the private market to boost its valuation.
Stripe CEO John Collison says banks are becoming more conservative in partnerships with fintechs.
Wells Fargo and Goldman Sachs have distanced themselves from the company, according to The Information .
Stripe made its biggest jump into crypto with the closing of its $1.1 billion purchase of Bridge , a provider of stablecoin infrastructure.
VR Score
86
Informative language
87
Neutral language
57
Article tone
semi-formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
Affiliate links
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