March 16 - Bill would extend PPP loans to end of May | 'Uncertainty cube' touted for sharper modeling
March 16, 2021
Lawmakers propose extending PPP coronavirus rescue aid through May; Tesla CFO title changed to 'Master of Coin'; Restaurants win $28.6B relief fund in Biden's stimulus. Here's how it works.; Stripe's new $95B valuation makes it the most valuable Silicon Valley startup
Though Restaurants Act co-author Rep. Earl Blumenauer said this sum "won't be enough" to get battered restaurants through the year, the program's $5 million loans will be a much-needed shot in the arm for the industry.
The payments processing company's new valuation is based on raising $600 million in new capital that it plans to use for further expansion in Europe, CFO Dhivya Suryavedara said.
The company, which expects to launch its commercial service in 2024, is in the process of going public via SPAC, and is laser-focused on growth and expansion, Matthew Field said.
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