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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships

PYMNTS

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18).

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Chinese eCommerce Firm JD.Com And Google Debut Online Store

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“What we can share at this stage is that we are conducting test operations during this early phase,” a JD.com spokeswoman said. Even though Google search hasn’t been accessible in China since 2010, the company maintains sales and engineering teams in the country.

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i2c, Sightline Team Up For Cashless Cross-Channel Gaming 

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Founded in 2010, Sightline has experienced 744 percent revenue growth since 2015. Its client roster includes MGM Resorts, Caesars Resorts, and Hard Rock Hotel and Casino; the Oregon and Pennsylvania state lotteries; Churchill Downs; Golden Nugget online; and DraftKings, FanDuel, William Hill, and Rush Street sports, among others.

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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

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The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. The number is the highest since 2010’s 44 percent, the index says. The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports.

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CoverHound Raises $58M For Expansion Of Insurance Platform

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CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. In a press release , the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac Ventures, MS&AD of Japan.

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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

PYMNTS

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

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eBay Seeks Buyer For Korean Division

PYMNTS

Online marketplace and auction site eBay is looking to unload its South Korean unit, according to a report by Reuters. The unit includes one of the biggest online marketplaces in the country, called Gmarket. The deal as a whole could potentially be worth $5 billion.

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