TNB Tech Minute: PayPal Stock Heads for Record Day Amid Takeover Bid
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Why does Deloitte predict the space economy will reach $2 trillion by 2035?
Deloitte expects the space economy to reach $2 trillion by 2035. Jason Gersatas, CEO of Deloitte US, says that growth is fueled by data and its application for businesses across industries.
What's exciting is that the data and the analytic and the commercial application of the data will move to be more mainstream. It will be something that organizations of any size can benefit from the data that's being emitted from space that could be pertinent to their operations.
Visit Deloitte.com to learn how the space economy is creating new opportunities.
Here's your morning TNB Tech Minute for Wednesday, July 15th.
What takeover bid is driving PayPal stock up and how much is the deal valued at?
I'm Danny Lewis for The Wall Street Journal. Stripe and buyout firm Advent International have made a joint takeover bid for PayPal. People familiar with the matter say the proposed deal would value the fintech company at around $53 billion. But there are no guarantees that PayPal will be receptive.
Why might PayPal be resistant to the Stripe and Advent takeover offer?
The company is in the early stages of a turnaround plan after it issued a profit warning back in March, stemming from sputtering growth from its key branded checkout product. PayPal shares were up 19% in pre-market trading this morning on the news, on track for its best day ever. After years of promoting multi-line family plans, wireless carriers including AT&T and Verizon want more customers to go it alone. The companies are offering new, cheaper single-line options in hopes of gaining a new foothold with people whose needs are likely to change as they age, move, add new connected devices, or may one day want a family plan of their own. Carriers are also giving priority to bundled services, like combining phone and home internet as a new play for customer loyalty.
Why are AT&T and Verizon shifting from family plans to cheaper single-line bundles?
And Chinese AI firm DeepSeek is preparing to go public. People familiar with the matter say the company is discussing an initial public offering as early as the second quarter of next year. They say it is eyeing a listing in Shanghai. DeepSeek is seeking funding to bankroll its costly research and fuel growth following the debut of Anthropic's powerful Mythos model.
What is DeepSeek’s IPO timeline and why is it seeking billions in funding?
Just last month, DeepSeek raised $7.4 billion in its maiden external funding round, valuing the company at more than $50 billion. And that's your TNB Tech Minute. We'll be back this afternoon with more.
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Chapters
5 chapters
1
Why does Deloitte predict the space economy will reach $2 trillion by 2035?
0:00–0:35
2
What takeover bid is driving PayPal stock up and how much is the deal valued at?
0:35–0:52
3
Why might PayPal be resistant to the Stripe and Advent takeover offer?
0:52–1:36
4
Why are AT&T and Verizon shifting from family plans to cheaper single-line bundles?
1:36–1:57
5
What is DeepSeek’s IPO timeline and why is it seeking billions in funding?
1:57–2:09
Speakers
2 identifiedMore from WSJ Tech News Briefing
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