Balanced News: Stripe’s internal valuation gets cut to $63 billion

Stripe, a richly-valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. The 11% cut comes after a prior internal valuation cut that occurred six months ago, which valued the company at $74 billion. Per analysts, that’s because a low 409A valuation allows companies to grant their employees stock options at a lower price.