Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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Such transactions have become increasingly common among private companies using liquidity as a retention tool. Recent examples include Stripe, which this week said it would allow employees to sell shares at a $159 billion valuation, as well as Clay, ElevenLabs, and Linear.

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Prime Video hosts more exciting NBA action today, with the Minnesota Timberwolves visiting the LA Clippers for a Western Conference showdown. The Timberwolves have a stronger regular season record, going 21-17 in conference games versus the Clippers' 17-17.