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Michael Roddan

New York

Banking Reporter at The Information

Banking reporter @theinformation in NYC ☏/Telegram/WhatsApp/Signal +1 347 864 0601 Former national corro @FinancialReview and roustabout @australian

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Articles

  • Deel Targets Rippling’s Intelligence Unit In Spy Battle

    3 weeks ago | theinformation.com | Michael Roddan

    Source: The InformationDeel has accused Rippling of directing an employee to set up fake entities to pose as a Deel customer and scour the rival payroll startup’s systems for contracts, policies and pricing information, the latest twist in a long running battle between the two HR software firms. The accusations form part of an amended complaint Deel filed in a Delaware court on Tuesday against Rippling. Deel has alleged Rippling defamed and defrauded Deel.

  • Deel Bolsters Governance as It Fights Spying Claims

    1 month ago | theinformation.com | Michael Roddan

    Global payroll startup Deel is bolstering its governance and ending some of its unusual practices as it fights accusations in a lawsuit that its CEO and board chair recruited and paid a corporate spy at its archrival, Rippling. Deel is moving its official corporate headquarters from its current location: a two-bedroom apartment in a San Francisco luxury high-rise.

  • Rippling Valued at $16.8 billion in New Financing

    1 month ago | theinformation.com | Michael Roddan

    Source: The InformationRippling has raised $450 million in a round valuing the payroll company at $16.8 billion including the investment, bringing in new investors Goldman Sachs, Singaporean sovereign wealth fund GIC and Sands Capital, the company announced on Friday.

  • Spies Are Everywhere in Cutthroat Fintech Industry

    1 month ago | theinformation.com | Michael Roddan

    It’s easier than ever to spy on a rival company. It’s also easier than ever to catch a spy. The result is a surge in spy-versus-spy lawsuits in the fintech industry, one of the most cutthroat in Silicon Valley. At least four companies have sued competitors or their employees for allegedly stealing innovations, customer data, employee compensation numbers or financial information, according to recently filed lawsuits, some of which haven’t previously been reported.

  • Wall Street Banks Offload Last Of Twitter Debt

    2 months ago | theinformation.com | Michael Roddan

    Source: The InformationA group of Wall Street banks sold the final tranches of debt it lent Elon Musk in 2022 for his takeover of Twitter, now called X, The Wall Street Journal reported. The $1.2 billion sale marks the end of a long-running headache for the banking syndicate that lent a total of $13 billion to Musk. Interest rates shot up in the period between when Musk launched the deal and when it finally closed, making investors wary of taking on the debt from the banks.

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Michael Roddan
Michael Roddan @MichaelRoddan
5 Jun 25

RT @rocketalignment: Scoop: Amazon is testing robots to deliver your mail. Years from now your robot dog can bark at them!

Michael Roddan
Michael Roddan @MichaelRoddan
3 Jun 25

Deel has accused Rippling of directing an employee to set up fake entities to pose as a Deel customer and scour the rival payroll startup’s systems for contracts, policies and pricing information https://t.co/TGna8gorza

Michael Roddan
Michael Roddan @MichaelRoddan
27 May 25

RT @Jessicalessin: New: Incredible story of Apple vs Musk in satellite internet. @aatilley @waynema https://t.co/6AizZoattH