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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Osvaldo Giménez , executive vice president and CEO of FinTech, which includes Mercado Pago, told PYMNTS that the region is complex, with different regulations governing each of the 18 countries where it trades. “I One difference is the use of debit cards online. Therein lies the value proposition for Mercado Pago.

America 248
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American Dream Mega Mall Opens In Mega eCommerce Era

PYMNTS

Even with the mall under pressure due to the rise of online shopping, the American Dream’s first phase will come to life on Friday (Oct. million gallon water park, a beach kept at 87 degrees Fahrenheit year-round, a Sea Life aquarium, a regulation National Hockey League skating rink and an aviary featuring local birds, among other features.

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ID Experts Light Up Portland

PYMNTS

Early in August, The Oregonian reported that a private equity firm had paid more than $50 million to acquire Tigard-based ID Experts, a cybersecurity firm founded in 2003. The new owners of ID Experts are Peloton Equity and Trident Capital. The capital Radar raised will be spent on technology, sales and marketing.

Portland 100
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: March 20, 2003. The mega-company reported a $45B write-down in 2003 and then a $100B yearly loss. Zynga and OMGPOP. Date: March 21, 2012.

Google 76
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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. With lower costs and a bigger market to sell to, a new crop of online pet supplies retailers eventually emerged.

Report 78
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. Education: Technology and online content make the classroom optional. Online courses & content. Retail: Shopping goes even more online as grocery joins the e-commerce revolution. Online grocery. 3D printing.

Industry 101
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Got $25 Million? Six Payments Execs Share Their Post-Pandemic Startup Ideas

PYMNTS

But capital brings those concepts to life. And venture capital funding is up in the third quarter versus a year ago, although first round and seed funding activity has lagged, and investors seem to be interested in keeping their powder dry for relatively well-established companies. That’s the highest level since 2004.

Payments 168