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Friday, November 25, 2016

Stripe is killing it on Black Friday in more ways than one. It's The Daily Crunch.

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THE DAILY CRUNCH
FRIDAY, NOVEMBER 25 2016 By Darrell Etherington

The Daily Crunch 11/25/16

It's Black Friday, please don't get trampled fighting over a toaster oven. Also, the smart money says  don't buy anything because today is really the biggest day for deceptive deals, not real bargains. Anyways, The Daily Crunch for November 25, 2016 has you covered, consumerist impulses aside.

1. Stripe raises another $150M, now valued at $9B

Payment API provider Stripe has raised another $150 million, bringing its total pre-money valuation to $9 billion. This actually doesn't seem crazy inflated to me, unlike most startup valuations, mostly because everyone I talk to who uses Stripe loves Stripe.

Also, fitting that Stripe should put this news out on Black Friday, given that it's probably seeing its highest-ever usage on this high holiday of consumerist acquisitiveness. In ecommerce we trust.

2. Palantir raised $20M in November from a single secret backer

U.> government data provider Palantir has raised another $20 million, from a single backer in November. The company is already seeing its fortunes rise in a world where Trump is poised to be the next president, so it hardly needs the bump. Will be interesting to see how it is, provided the identity of the lone backer ever comes out.

3. Star Wars

Rogue One: A Star Wars Story is on its way soon. This is great so let's just enjoy. Also enjoy these Star Wars phones, even if they are Japan exclusive for now.

4. Uber's Southeast Asia rival loses a CFO abruptly

Uber's big competition in Southeast Asia is Grab, and that company just lost its Chief Financial Officer after she spent only seven months on the job. Looks like this might just be a corporate shuffle resulting from the arrival of Grab's President Ming Maa from key strategic investor SoftBank in October.

5. Faraday might not have a future

Ever wonder why Tesla is the only dedicated EV company with any kind of scale or profile? Because it's hard to make a new car company of any kind, let alone focused entirely on electrics. Faraday Future has kind've been a running joke in this regard, and its latest setback looks like one of its worst yet.

6. This what Uber co-founder Garrett Camp's accelerator looks like

Expa Labs has graduated its first cohort, and Megan Rose took a look at what's going on in there. The accelerator was founded in 2013 by Uber co-founder Garrett Camp among others, and applications for its next batch open up in January.

Get more stories at techcrunch.com 

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