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Facebook Hit With Fine From UK’s Information Commission Over Data Handling

PYMNTS

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” The data, which was processed from 2007 through 2014, was accessible to developers of third-party vendors without the Facebook users providing consent. .”

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Why Instagram’s New Shopping Icon Is Changing Ecommerce Forever

Perficient

Here’s why: Traditionally users weren’t able to purchase items through social media platforms. Social influencers could promote brands through their channels and direct users to “swipe up” or click a link in their bio to purchase. 70% of people will trust a recommendation from someone they don’t know.

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A Trip Through eCommerce Past

PYMNTS

Additionally, 15 percent reported that they had purchased an item via a social media link. Likewise, in 2007, the rate of adults who had made an online purchase sat at 49 percent. consumers had reported making a purchase online. While a majority of consumers in the U.S.

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Facebook Users Will ‘Like’ Ordering Papa John’s Via New ‘Start Order’ Button

PYMNTS

Papa John’s is giving Facebook users one more reason to never leave the app: now, customers can order Papa John’s pizza, desserts and sides using the social media giant’s new “ Start Order ” button. delivery restaurants way ahead of the curve.

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Auld Lang Syne: Remembering Social Media Milestones

Social Assurance

Though it’s now primarily used as a music and culture site, Myspace was one of the first social media networks that allowed personal profiles. 2007: The “#” first appears on Twitter and its name is changed among younger generations forever from “pound” to “hashtag.”. Consider 5-8 (per post, respectively) on Instagram.

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China’s Babytree Makes The Case For Contextual Commerce

PYMNTS

Here’s the news: Beijing-based Babytree, which was founded in 2007 and “operates an online platform for parents to exchange know-how, shop for baby goods and purchase early education services,” recently launched its IPO on the Hong Kong Stock Exchange. Social, as one can imagine, is a big part of contextual commerce.

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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. No bank, to our knowledge, reacted fast enough, and by November of 2007, construction and development loans were trading at a 30% discount.