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Backed by Warren Buffett, they became billionaires by 40 before it all went wrong

What was once one of the world’s fastest-growing payment technology firms has become a cautionary tale.

South-africa , United-states , Catarina , Cearár , Brazil , Brazilian , America , Mirae-dorson , Goldman-sachs , Buffett-berkshire , Jack-ma , Warren-buffett-berkshire-hathaway

Backed by Warren Buffett, they became billionaires by 40 before it all went wrong

What was once one of the world’s fastest-growing payment technology firms has become a cautionary tale.

South-africa , United-states , Catarina , Cearár , Brazil , Brazilian , America , Mirae-dorson , Goldman-sachs , Buffett-berkshire , Jack-ma , Warren-buffett-berkshire-hathaway

Backed by Warren Buffett, they became billionaires by 40 before it all went wrong

What was once one of the world’s fastest-growing payment technology firms has become a cautionary tale.

South-africa , United-states , Catarina , Cearár , Brazil , Brazilian , America , Mirae-dorson , Goldman-sachs , Buffett-berkshire , Jack-ma , Warren-buffett-berkshire-hathaway

StoneCo founders Andre Street and Eduardo Pontes' wealth vanishes

StoneCo founders Andre Street and Eduardo Pontes' wealth vanishes
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

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Analysis-Citi's Banamex unit could receive bids from Mexico moguls, global banks

By Kylie Madry, Valentine Hilaire and Carolina Pulice MEXICO CITY (Reuters) - After Citigroup Inc on Tuesday announced plans to sell its Mexican consu...

Mexico-city , Distrito-federal , Mexico , Spain , Itau , Rio-grande-do-norte , Brazil , Mexican , Alejandra-marcos , Banco-azteca , Valentine-hilaire , Carlos-slim

Brazil's Banco Inter pops on StoneCo stake, Nasdaq plan

2 Min Read
SAO PAULO (Reuters) -Banco Inter SA’s units soared on Monday after payments company StoneCo Ltd said it would buy a stake of up to 4.99% in the Brazilian online bank and the bank separately announced plans for a Nasdaq listing.
Banco Inter units rose 23% in Sao Paulo, its second-largest daily rise in a year. BTG Pactual analyst Eduardo Rosman said in a note to clients the agreement with Stone “brings a very strong partner” for Inter and its future U.S. listing gives its controlling shareholders more firepower for M&A.
Stone, which is backed by U.S. investors such as Berkshire Hathaway Inc , will have the right of first refusal in case Inter’s control changes, and a seat at the digital bank’s board. Rosman compared the Inter-Stone agreement with the partnership between Square Inc and CashApp.

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Brazil's Banco Inter pops on StoneCo stake, Nasdaq plan

SAO PAULO — Banco Inter SA’s units soared on Monday after payments company StoneCo Ltd said it would buy a stake of up to 4.99% in the Brazilian online bank…

Sao-paulo , Sãpaulo , Brazil , Brazilian , Tatiana-bautzer , Eduardo-rosman , Nick-zieminski , Square-inc , Stoneco-ltd , Berkshire-hathaway-inc , Softbank-group-corp , Nasdaq

Brazil's Banco Inter pops on StoneCo stake, Nasdaq plan

Brazil's Banco Inter pops on StoneCo stake, Nasdaq plan
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Sao-paulo , Sãpaulo , Brazil , Brazilian , Tatiana-bautzer , Eduardo-rosman , Nick-zieminski , Thomson-reuters-trust-principles , Square-inc , Stoneco-ltd , Berkshire-hathaway-inc , Softbank-group-corp