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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A council report said if the purchase was approved the properties would be demolished and any flood risks would be removed.
From the outset of the Gorton and Denton byelection, Labour strategists were desperate to say the party was on course to win, but the trouncing at the hands of the Greens has made this look laughable in hindsight.