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Facebook’s News Accelerator Nets Extra $5M For Local Newspapers

PYMNTS

The Lenfest Institute’s mission is to develop and support sustainable business models for local journalism,” said the institute’s Director of Operations Ken Herts. “We Also in January, the social media giant opened a 130,000-square-foot office in Cambridge , Massachusetts.

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Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

“Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I EforAll began operating in Holyoke in 2018 and in Roxbury in 2019. They don’t have VC funds. And what is that model?

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Facebook Embroiled In New Data Scandal, Prompting Fresh Calls For Regulation

PYMNTS

Late last week in a blog post, Facebook revealed the incident hours ahead of the release of media reports that Cambridge Analytica, which is conservative leaning and worked for the Trump 2016 presidential campaign, got access to data and did not delete the information. It’s clear these platforms can’t police themselves,” Democratic U.S.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties. The more active your customer base and “friends of the bank” are on social media, the shorter you can expect your deposit duration when sentiment turns negative.

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Regulatory Tracker: Sandboxes Gain, While Cryptos Wane

PYMNTS

The secretary of the Commonwealth in Massachusetts has put the brakes on five initial coin offerings in that state. As of the end of the week, at least one firm, Mattervest, said it had shuttered operations. Although the firms had advertised across social media, none of them had registered to offer or sell securities.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Meanwhile, Visa said that crypto-banking platform operator Ternio had joined the payments giant’s Fast Track program as a cryptocurrency-focused enablement partner. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Yottaa Boosts Site Speed, Sales For eCommerce

PYMNTS

Waltham, Massachusetts-based eCommerce solutions company Yottaa has made a big splash in the commerce space in the past few years. These services can include anything from review services, social media integration and online chat services, to hi-res images and complicated JavaScript.

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