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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. The neobanking application with 15 million users reportedly spent $80 million on marketing in 2021. Consider that the typical user spends about 2.5

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Report: Subscription Commerce’s Digital 3.0 Boost

PYMNTS

This measured improvement in merchants’ ability to convert subscribers underpins their willingness to offer features that improve overall user experience,” our report noted. million individuals currently hold streaming, education and training, digital media or consumer retail product subscriptions, 27.4 million – 16.4

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. It was not a guarantee that Instagram was going to succeed," Zuckerberg said. "In

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Merchant Resolution: Improve Buy Button, Social Experience

PYMNTS

Buy (Buttons) Insider Report , a PYMNTS.com and Abine collaboration, digital buy button acceptance is considerably low across all online merchants, a trend that could be putting as much as $159.6 Fixing the mobile shopping experience. Social media is a huge driver of traffic for a lot of our merchants,” Patricio said.

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FTC Vote Pending As Commissioners Weigh Facebook Antitrust Suit 

PYMNTS

While the five commissioners of the Federal Trade Commission (FTC) debate if an antitrust lawsuit against Facebook should be pursued, FTC staffers are in favor of moving forward with the case, according to a Wall Street Journal report (WSJ) on Friday (Oct. 23), citing sources familiar with the matter.

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Bitcoin Daily: VeChain Blockchain Platform Loses $6.7M In Cyberattack; Bottle Pay Bitcoin Startup Shuts Down Amid New EU Regulations

PYMNTS

million from the VeChain Foundation, which is the group behind the VeChain public blockchain platform construction, Yahoo Finance reported. Meanwhile, Bottle Pay, the bitcoin payments startup, closed down, noting the AMLD5 European Union regulation that is taking effect early in January, Coindesk reported.

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Fitness Platform Raises $5M For Online Workouts

PYMNTS

Looking beyond COVID-19, Wall Street is betting the at-home fitness boom will outlast the social distancing era. Bloomberg News reported NEOU , the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp., NEOU charges U.S. customers $14.99

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