For Michael, the battle appears to reflect a belief forged across his career—from Uber’s global expansion battles to the Pentagon’s AI buildup—that control over transformative technology cannot remain in private hands when national security is at stake. The question now is how far he’s willing to go to achieve that end.
Shares in the payment company soared more than 25 percent in after-hours trading on Thursday as it announced it would shed more than 4,000 jobs from its 10,000-strong workforce.
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