During its fourth-quarter earnings announcement, Tesla unveiled the long-rumored refresh for its Model S sedan. CNET reports: On the outside, the Model S has a new front bumper with slightly different intakes, a tweaked rear diffuser and new 19- and 21-inch wheel designs. All of the exterior trim is now finished in black to match the Model Y, but the paint…
Tag: Plaid
Plaid Pulled Plug on Visa Deal Over Price, Not Antitrust Concerns
Visa will no longer be buying fintech upstart Plaid, as the companies on Tuesday announced the “mutual termination” of the $5.3 billion agreement that was signed one year ago and opposed by U.S. antitrust regulators. From a report: This is more about the rising value of fintech companies than it is about the U.S. Justice Department. It also turns Plaid into…
Visa Is Acquiring Plaid For $5.3 Billion
Visa announced today that it is buying financial services API startup Plaid for $5.3 billion, roughly double the price of its last private valuation. TechCrunch reports: Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and other financial information more easily. It’s the kind of service…