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Twitch Buys Bebo In eSports Push

PYMNTS

Bebo began in 2005 as a social networking platform by Michael and Xochi Birch. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013. Then it reportedly pivoted again into the organization and operation of streaming tournaments.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Brick-and-mortar retail will forever remember the day that Nintendo released Pokémon GO , a mobile game that has caused millions of millennials to suddenly discover outside again. Minyard was founded back in 1932 and, at one point, operated more than 80 locations throughout the South. ” Layoffs. ” Layoffs.

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The Great Online Innovation Pile On Of 2017

PYMNTS

In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial. Microsoft was the king of operating systems, and as of 2005, Microsoft was the player that everyone thought was going to own the smartphone market and battle it out with Blackberry for the number one seed.

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‘Stranger Things’ And Starcourt Mall Teach Us About Big Tech And Innovation

PYMNTS

By the turn of the century, department stores had become the cornerstones of entirely new ecosystems that drove consumer consumption to record levels that, in turn, created new manufacturing, wholesale and supply chain opportunities for producers eager to capitalize on that demand. Between 1956 and 2005, 1,500 malls were built in the U.S.

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US Poised For Some Growth in 2016 Says S&P

Tech and Finance

Contrary to popular reports that millennials are mostly taking public transportation or using Uber so they can keep texting without interruption, S&P found they aren’t much different from previous generations, although somewhat fewer are getting drivers licenses, causing concern among auto manufacturers. went to a millennial.

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AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

Early-stage food-preparation startups using robotics and AI are proliferating, and operating in both B2B and B2C models. Khosla Ventures also backed Cafe X Technologies in Q1’17, alongside The Thiel Foundation, Felicis Ventures, and Social Capital. Robot-run warehouses are already in operation. in funding. warehouse workers.