Stripe

Irish civil servants pore over a US right-wing roadmap so radical even Trump seems wary

Plus: Stripe lets fluffy ducks break the bad news to 300 sacked staff; domicile levy fails to sweat Ireland’s richest; and An Post chief shows Royal Mail who’s boss

Online payments firm Stripe to cut 300 roles internationally

Dublin operation set to see small number of job cuts

Who are Ireland’s 11 billionaires?

The group saw its wealth grow by a third to €50bn in 2024

Revolut backers offload almost $1bn of stock

Secondary share sales have allowed early investors and staff to crystallise paper gains at $45bn valuation

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

Average pay at Stripe UK unit tops €425,000

Company sees revenue and profits surge

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

Lovely in late season? Massive planet 120 light years away studied by Nasa might have an ocean

Planet Business: Dynamic pricing hits the pint, Wall Street IPOs return and USA Today seeks ‘Taylor Swift reporter’

Accelerators switch on to cleantech opportunities

World’s biggest booster schemes for business start-ups are increasingly focusing on climate ventures

Three in four Irish businesses eyeing international expansion

Online payments giant Stripe reports 28% growth in Irish enterprises selling internationally via digital channels

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