Welcome to the Tech Mem Right Home for Friday, July 15th, 2022. I'm Brian McCullough today.

Now the haircuts have come for Stripe, but they took theirs voluntarily.

Who's responsible for the big hole on Celsius's balance sheet?

Twitter wants to let Devs make their own timelines.

Will Amazon voluntarily exit the white label business and of course the weekend long rate

suggestions. Here's what you missed today in the world of tech.

Everything everywhere all at once,

NFT Marketplace OpenC CEO Devon Finzer says his company laid off around 20% of its employees.

OpenC didn't disclose the number impacted,

but said that 230 people remain on staff.

Not surprising, I guess, even the leaders in any bubble can get arrows in them when the bubble

bursts and that's not even taking into account the long-term viability of the NFT market.

But here's another example. Stripe has basically been the closest thing

to the king of the unicorns in this particular hype cycle.

But sources say, Stripe, which was last valued

by private investors at $95 billion, recently told staff it cut its internal

share price by 28 percent lowering those shares implied valuation to 74

billion dollars quoting the Wall Street Journal.

San Francisco-based Stripes said in the email that the board approved the lower

share price effective June 30th, the people said.

The payments processor to startups and fast-growing internet companies didn't explain the decision to lower its

internal valuation the people said. The shares of publicly traded FinTech

...