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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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Robinhood Says Tech Issue Resolved, But Users Complain Of Missed Opportunities

PYMNTS

Users of the digital trading platform Robinhood have taken to social media once again to express their outrage about outages locking them out of a stock market rally on Monday (May 18), according to a report. Based in Silicon Valley, Robinhood was founded in 2013 by Stanford University classmates Baiju Bhatt and Vlad Tenev.

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EU Seeks Internal Facebook Records Amid Antitrust Probe

PYMNTS

Facebook’s 2013 Onavo acquisition is also being probed. The social media giant said it used the app as one of its market intelligence tools and that it notified users of all data collection activities. This information gave Facebook insider information about its competitors.

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Kering To Debut Its Own eCommerce Sites

PYMNTS

Kering is gearing up to offer its own luxury eCommerce sites within the next two years, ending existing joint-venture efforts and bringing such operations in house, reported Reuters. By 2020, Kering will bring full control of its luxury brands online through its own internal activities, which include building tech teams, said Reuters.

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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

In 2021, Nubank spent around 4% of revenue, according to their financials, in marketing which is materially below the 7% target for most banks. Instead of marketing, the Bank strategically focuses on two areas – product development and customer service. Xpeers are customer support help reachable by phone, chat, social media, or email.

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Twitch Buys Bebo In eSports Push

PYMNTS

It was said to have become “the market leader” in some countries such as Ireland and the U.K. The growth path of the company in addition to the larger opportunity in social media helped it get acquired by AOL for approximately $850 million in 2008. Bebo organized the viewers, and the streams appeared on Twitch.

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Facebook Played Favorites With Data

PYMNTS

Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

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