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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Facebook Nominates Alford To Board As Two Other Execs Step Down

PYMNTS

Bloomberg reported that before joining PayPal in March as senior vice president of core markets, Alford served as chief financial officer and head of operations for the Chan Zuckerberg Initiative, the nonprofit foundation of the social media giant’s CEO Mark Zuckerberg and his wife, Priscilla Chan.

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Unprecedented Facebook Data-Sharing Plan Takes Off After Privacy Delays 

PYMNTS

The Electronic Privacy Information Center said in a 2018 letter that the sharing violated Europe’s data-privacy law and Facebook’s obligations under its 2011 Federal Trade Commission (FTC) consent decree. . The urgency of this research cannot be overstated,” King and Persily said on Social Science One’s website last April. “We

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Advocacy Groups Call On FTC To Break Up Facebook

PYMNTS

Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. Others advocates calling for the breakup include Color of Change and Open Markets Institute , noted the report. The consent decree was inked in 2012.

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

These contemporary banks are being built on cognitive computing, which became known in 2011 when IBM’s Watson computer defeated the top human contestants on the televised quiz show, Jeopardy. IBM has developed Watson Marketing capabilities to help banks discover insights beyond the abilities of conventional computing.

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Facebook Loses $36.7B In Market Value Amid Steep Data Scandal Sell-Off

PYMNTS

billion in market valuation and hitting a low not seen in four years thanks to its latest privacy scandal, this time with Cambridge Analytica. With the social media giant facing severe backlash from regulators, politicians and consumer groups in both the U.K. Facebook’s stock tanked in trading Monday (March 20), erasing $36.7

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Five Key Takeaways From Poshmark’s IPO Filing 

PYMNTS

Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash. We created Poshmark in 2011 to make buying and selling simple, social and fun.