Revolut backers offload almost $1bn of stock
Secondary share sales have allowed early investors and staff to crystallise paper gains at $45bn valuation
Stripe
Dublin’s office market driven by demand for space with ESG credentials
Shift from older buildings to sustainable alternatives is supporting prime rents and driving down vacancy rates
Drama Drives Interest: The Web Summit Story – The improbable, fascinating, only-in-Ireland tale of Paddy Cosgrave
Catherine Sanz’s book focuses on the highest-profile founder of the most compelling Irish business drama of the past 15 years
Monzo taps Carney to lead European Union push
Former Stripe executive set to lead UK neobank’s push into the European Union
Stripe to deepen partnership with Nvidia for AI advances
Payments company has used Nvidia technology for machine learning models and fraud detection
Collison brother buys period pile in heart of Dublin 4′s embassy belt
Plus: Dublin New Year’s Eve celebrations to be split in two across traditional city lines; Phil Hogan’s exclusive Brussels club; and the new plan for Terenure Synagogue
Amazon rejects staff claim return-to-office policy is aimed at cutting jobs
Big tech companies have differing requirements when it comes to attending work in person
Losses widen at Stripe Europe to $1.1bn after employee ‘liquidity event’
Payments giant, recently valued at $70bn, paid out millions to employee shareholders in March 2023
Stripe-backed fintech warns of Europe’s over-reliance on US payment systems
TrueLayer chief cautions infrastructure critical to global trade could be greater target after US presidential election
Dublin office market shows signs of life - but it is still too early to call a market recovery
Assignments and sub-lets boost take-up but do not reduce vacant space. Over 250,000sq m of new space is due by end-2025, which could compound the issue
Michael D: The Movie – Higgins in the frame for the Mary Robinson big-screen treatment
Plus: Intercom man’s vote of confidence in Trump; Shane ‘Mullet’ Byrne’s victory in dispute with tenants; and Adam Clayton’s application for gardener gaff
Mammy and Daddy Collison are moving up in the world, to Ailesbury Road to be exact
Plus: the seller of Tathony House in Dublin 8 got his sums right, Caitríona Balfe’s healthy finances, and the rising price of a Brittas Bay mobile home
Dublin office vacancies yet to peak with more space due for completion in 2024
Vacancy rate hit 15.9% in the second quarter, says Knight Frank
Remote working ‘headwind may be weakening’ as Dublin office leasing picks up
Vacancy rates continue to rise due to relative oversupply of properties, says BNP Paribas Real Estate
Stripe valuation hits $70bn in potential fresh Sequoia investment
Collison brothers firm sees valuation edging up once more
Landlords pursue McKillen companies over rent claims
Seen & Heard: Taxman’s planning payment probe; C&C boss’s pay jump; Stripe’s Wilton Park deal; Bakhurst mulls Montrose sale
Stripe weighs deal for new Dublin headquarters at Wilton Park
Global payments giant founded by Collison brothers is eyeing 100,000sq ft at social media giant LinkedIn’s EMEA campus
Could scrambling the weather or sucking carbon out of the air help solve the climate crisis?
Technological solutions could be transformative in containing global temperatures and saving civilisation. But getting it wrong could exacerbate the crisis
Investors in UL programme reported to be spooked by student housing controversy
Seen & Heard: DNG enters the mortgage broker market; Quanta Capital targets Signa assets; and Virgin Media refused €30m for public service broadcasting
Stripe hits $1tn payments milestone in 2023
Irish-founded company was ‘robustly cash flow positive’ last year, and expects to be again in 2024
Stripe to provide payments for Hertz car rental brands
Agreement covers the Hertz, Dollar and Thrifty brands, and includes in-person payments
Cerebral Palsy: ‘It is tough hearing that news, but it is far tougher when you have to fight for the best care for your child’
The Irish Cerebral Palsy Foundation’s programme of excellence aims to achieve diagnosis within three months
Number employed by Government client companies hits record 535,000
Minister for Enterprise Simon Coveney says figures demonstrate strength of State’s economy despite serious challenges posed to international trade
Number of IT workers shrinks by almost 6,000 on back of global downturn
CSO’s latest monthly payrolls data highlights how global tech retrenchment is playing out
Will this be the year that Stripe floats on the stock market?
Tech Crunch notes figures compiled by Caplight reveal an ‘absolute flurry of buyers’ seeking shares in the Collison brothers’ company in recent months
‘I’ve never seen anything like this’: How OpenAI’s dramatic weekend unfolded
Schism owed much to the very different personalities and ambitions of the core group behind the company
State earmarks offices in docklands should it win bid to host EU Anti-Money Laundering Association
Ibec’s podcast sponsorship, Collison’s Abbeyleix charity event, new roles for Altada’s co-founders, NTMA’s land deal in the docks and Digicel’s sports channel in the Caribbean
New York-based Irish firm Imprint raises $75m in funding round
New York-based Imprint was founded in 2020 by Daragh Murphy from Clane, Co Kildare.
Collison brothers invest in home robotics company
Stripe founders back Matic as part of $24m fundraising effort
Web Summit to take place as planned after Paddy Cosgrave resignation
Event management group scrambles to limit damage as departing chief executive concedes comments on Israel-Hamas conflict had become ‘distraction’
Kielys’ ‘temple of opulence’ Ballsbridge apartment put up for sale at €1.75m
Powerscourt and Labour Party conference, Eoghan McCabe and interior design, TG4′s annual report, Stripe’s lobbying in Brussels, Fiona Muldoon’s UK roles and new festival of legal ideas
Losses at European arm of Stripe grow as cost of sales increase
Increase in both turnover and cost of sales put down to growth in business from existing users and expansion into new markets
Stripe’s Irish users hit €20bn as internet economy thrives
Dublin accounts for largest number of customers, but payments growth accelerates outside the capital
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