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Online Sports Betting Gets A Super Bowl Workout

PYMNTS

5), details emerged about the success and failure of the new online sports betting regime in the U.S. million worth of wages with legal New Jersey sportsbook operators, but that gambling operators lost $4.6 A clear picture of online gambling spend, losses and trends is yet to emerge, but some general data points provide detail.

Las Vegas 122
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Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Looking at our peer group numbers, the consumer loan costs a little above $1,100 per year in operating expense to originate and maintain. pre-tax profit as a percent of the portfolio. And it wasn’t an anomaly. But it was the only sub-product that showed a profit.

Lending 60
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: September 3, 2001. Zynga and OMGPOP. Date: March 21, 2012. Price: $210M. a viral gaming hit for iOS and Android. HP and Compaq. Price: $25B.

Google 76
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

You hear a lot about the new normal and stuff like that, but I really see it as banking at the speed of life,” said CarrieAnne Cormier , senior vice president of Retail Operations and Strategy at Avidia. As told by Citi and GE , the pandemic prompted a massive online shift as stores closed and consumers became wary about venturing out.

Trends 259
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Pixelon: Online video vaporware. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption. Founded by Renaud Laplanche in 2006, LendingClub quickly became one of the largest online lenders in the US. Total Funding: $1.1B.

Fraud 78
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Former Walmart CEO Criticizes Amazon And Suggests It Be Split Up

PYMNTS

They’re not making money in retail, and they’re putting retailers out of business,” Bill Simon told CNBC , pointing out that Amazon has operated its retail segment at a loss for decades and subsidizes it with profits from other areas. He added that half of all online product searches begin and end on Amazon.

Taxes 101
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When Corporate Innovation Goes Bad — The 116 Biggest Product Failures Of All Time

CB Insights

While still in operation, Google+ is hardly anybody’s favorite social network. eVilla, Sony (2001). Enter the Nook, their attempt at staying relevant and maybe even reclaiming some of their lost market share from the online retailer. Aztek, Pontiac (2001). Crystal Pepsi, Pepsi (1992). Segway, Segway Inc.