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The 2018 Bling Ring’s Commerce Challenge

PYMNTS

Earlier in the week it was reported that the Los Angeles police department arrested a criminal gang composed of three teenage boys and one of their mothers in connection with a string of high-profile robberies. The trio allegedly had just robbed the home of Los Angeles Rams receiver Robert Woods. Pokora” Tota.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. These striking designs paid for themselves in media exposure. Many went viral on social media, which then captured the attention of A-list celebrities such as Beyonce, which further brought the brand to new heights.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

PYMNTS

Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram. A recent report forecasted that social commerce will reach $604.5 billion by 2027. . TikTok started shopping around for U.S.

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Travis Kalanick Disavows ‘Internet Food Court’ Using His Name

PYMNTS

The website appeared along with a press release to reporters earlier this week, promising the digital equivalent of a mall food court and inferring an association with Kalanick’s business in various social media posts and press releases.

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SEC Stops Fraudulent ICO That Raised $21M

PYMNTS

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering (ICO) allegedly run by Titanium Blockchain Infrastructure Services Inc. which has raised as much as $21 million from investors in and outside the U.S.

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Forever 21 Stores Hacked

PYMNTS

The Los Angeles-based company said the probe was focused on transactions made at its stores between March and October of this year, and that since the investigation was ongoing, it could not give complete findings. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

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TikTok: ‘We’re Here To Stay Despite Trump Ban’

PYMNTS

“There is credible evidence that leads me to believe that ByteDance … might take action that threatens to impair the national security of the United States,” Trump said in his order. TikTok workers in its Los Angeles offices have raised questions about what will happen if the order is implemented in November.