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☆ PayPal CEO's first year was praised by Wall Street, but hard part starts now for struggling payments company
▼ + stars: | 2024-10-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.

Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Such escalation could also jeopardize efforts to reach a ceasefire in Gaza and release hostages, despite recent progress in negotiations. Israeli Defense Minister Yoav Gallant and US Secretary of Defense Lloyd Austin discussed comprehensive security strategies to protect Israel, according to a statement on Monday. Israel was considering its options to prepare for a regional attack over the weekend. The country braces for war in its own way and tends to pick up after itself.

Persons: Ayatollah Ali Khamenei, Ismail Haniyeh, ”, Israel, Israel hasn’t, “, Yoav Gallant, Defense Lloyd Austin, Michael Kurilla, Kurilla, Ayman Safadi, Badr Abdelatti, Ali Bagheri Kani, ‘, Masoud Pezeshkian, Safadi, Nasser Kanaani, Fu’ad Shukr, Majdal Shams, Hassan Nasrallah, Benjamin Netanyahu, ” “, ” Netanyahu, Ali Bagheri, Netanyahu, Gallant, Daniel Hagari, Lebanon scrambledto, floaties, Samer Othman, Jalaa Marey, Othman, Liz Nicholas, David Adom, Be’er, Ivana Reiser, Zeev Jabotinsky, Naama, ” Be’er, ” Baer, Reiser, Roy Dror, Ron Heckmann, they’re, Dror, ” Heckmann, Uri Shacham, Shacham Organizations: Jerusalem CNN —, Iran’s, Islamic Revolutionary Guard Corps, Saturday, US, Israeli, Defense, US Central Command, Jordanian, Egypt’s, Zionist, Israel, Iran, Sunday, Getty Images Israel, Hezbollah, CNN, Mount, Mount Herzl Military, Getty, MDA Locations: Beirut, Tel Aviv, Jerusalem, Israel, Iran, Tehran, Lebanon, Gaza, United States, Syria, Majdal, Golan, ”, AFP, Cairo, Lebanese, Beirut’s, Mount Herzl, London, Nahariyah

We've compiled everything you need to know about where to watch the NHL Draft, including a Day 1 cable option and live streaming services for all rounds. Keep reading to learn all of your watch options for the 2024 NHL Draft. Where to watch the NHL Draft in the USThe NHL Draft is spread across two days. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Check price at FuboHow to watch the NHL Draft from anywhereHockey fans who will be traveling away from home during the NHL Draft can still tune in to their subscriptions via VPN (virtual private network).

Persons: We've, Macklin Celebrini, Artyom Levshunov, Anton Silayev, we've, There's, ExpressVPN Organizations: Business, Stanley, NHL, Boston University, Boston College, San Jose Sharks, Chicago Blackhawks, Anaheim Ducks, ESPN, MLB, NFL, UFC, Hulu, Disney Plus, Hockey Locations: Denver

LARNACA, Cyprus (AP) — Tomer Bassis expected his day to be filled with electronic trance music at the Oct. 7 desert rave party he was attending in southern Israel. The open-air Tribe of Nova music festival is believed to be the worst civilian massacre in Israeli history, with at least 364 dead. In a single day, Hamas and other Palestinian militants killed about 1,200 people in Israel, mostly civilians, and took around 240 people captive. The trips to Cyprus are supported by NovaHelp, a group of mental heath professionals who came together to help survivors of the rave party, said Raskin. Raskin has initiated another, similar project currently underway to bring parents who lost children during the Oct. 7 attack to undergo similar therapy in Cyprus.

Persons: Tomer Bassis, revelers, gunning, Bassis, “, ”, “ I’m, —, Eyal Sirota, Sirota, Rabbi Arie Zeev Raskin, Raskin, ” “ Organizations: NovaHelp, Jewish, Health Ministry, Hamas, Jewish Community Center Locations: LARNACA, Cyprus, Israel, Gaza, Paphos, Larnaca

[1/4] A girl holds a ballon at the Jewish synagogue in Larnaca, which is coordinating aid to hundreds of Israelis on the island fleeing violence, Cyprus October 12, 2023. Larnaca, hosting Cyprus's biggest airport, has seen a swell of expatriate Israelis, including reservists, using it as a transit point to get on the next available flight to Tel Aviv. It has also seen an influx from Israel of people who lost their homes, Chief Rabbi Arie Zeev Raskin said. Raskin, who has been in Cyprus for more than 20 years, said there were about 2,500 Israelis in the Larnaca area at present, including traumatised children. An informal network of Israelis were working in every Cypriot city to offer first response aid and accommodation, he said.

Persons: Yiannis, Rabbi Arie Zeev Raskin, Raskin, Michele Kambas, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Larnaca, Cyprus, Israel LARNACA, Israel, Gaza, Tel Aviv, Auschwitz, East, Cypriot

☆ As the IPO market comes back to life, Navan (formerly TripActions) is targeting an April 2024 listing
▼ + stars: | 2023-08-25 | by ( Ben Bergman | ) www.businessinsider.com time to read: +2 min

The company is now targeting a late April 2024 IPO, Insider has learned. Navan, formerly known as TripActions, is now targeting a late April 2024 IPO, according to a person with direct knowledge of the matter not authorized to speak publicly. However, this month the nearly two year dormant IPO market has finally shown signs of coming to life. Andreessen Horowitz first invested in TripActions in 2018, when it led the company's series C funding round at a $1.1 billion valuation and general partner Ben Horowitz joined the board. Navan has raised more than $2 billion in equity and debt financing since it was founded 2015, according to Pitchbook.

Persons: Ariel Cohen, Kelly Soderlund, Instacart, Goldman Sachs, Andreessen Horowitz, Ben Horowitz, It's, " Horowitz Organizations: Navan, NASDAQ, Bloomberg, Softbank, Lightspeed Venture Partners, Coatue Management, Zeev Ventures Locations: Navan, Caplight, TripActions

☆ How influencers think about AI and its impact on their work, according to a new survey of 1,000 creators
▼ + stars: | 2023-05-24 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

The survey shows 62% of creators already use AI to help create content. Lightricks partnered with the market-research firm YouGov to survey more than 1,000 current and aspiring content creators in the US over the age of 18. The company defined content creators as "those who edit and share photos and/or videos online that generate income," while aspiring creators were defined as "those who are working towards achieving that goal." 62% of creators use AI to help create contentThe data gathered by Lightricks showed that 62% of current creators and 68% of aspiring creators already used AI in their content-creation process. 38% of creators think AI will increase their feesDespite the debate around how AI will impact creative work, 38% of creators believe that their fees will increase with the use of AI, while 22% think they will decrease.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

One year and billions of dollars later, the so-called metaverse still feels years away, if it ever manifests at all. And Meta’s flagship social VR app Horizon Worlds can feel like a ghost town (albeit a ghost town with laser tag). Meta’s latest headset, the Quest Pro, is its first effort at combining the immersiveness of VR with the real world. The VR headset market is still tiny compared to, say, an established gadget market like console video games. A visitor to the 2022 Tokyo Game Show tests the Meta Quest 2 VR headset.

☆ Tel Aviv Stock Exchange to restructure and create crypto platform
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Oct 24 (Reuters) - The Tel Aviv Stock Exchange (TASE) (TASE.TA) said on Monday it would reshape its ownership structure and also create a blockchain platform to allow more trading of crypto currencies in an effort to match international standards. TASE, which went public in 2019, said it would create a new publicly traded holding company that will own 100% of the bourse, which will become a private firm. The exchange said it would create a platform for digital assets using blockchain, or distributed ledger technology. This would allow the trading of digital assets while exporting proprietary technological services to smaller foreign exchanges. Over the first half of 2022, the bourse earned operating profit of 47 million shekels ($13 million) versus 55 million in all of 2021.

☆ Exclusive: TripActions has filed confidentially for an IPO, targeting a $12 billion valuation, a rare exception in the frozen IPO market
▼ + stars: | 2022-09-28 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

TripActions, which was last valued at $7.25 billion, aims to modernize business travel. Founded in 2015 by Ariel Cohen and Ilan Twig, the Palo Alto-based company helps businesses manage travel, company cards and expenses for employees. At the time, Cohen said TripActions had originally planned to go public this year but delayed those plans when the market went south. TripActions raised $275 million in series F funding last fall at a $7.25 billion valuation in a deal led by Greenoaks. Andreessen Horowitz first invested in TripActions in 2018, when it led the company's series C funding round at a $1.1 billion valuation.

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