PYMNTS
JUNE 10, 2019
Reports emerged this week that Apple has begun the process of scrubbing the social sphere of all trace of iTunes. So far, all of the social media content from Facebook and Instagram pages has disappeared, though its Twitter account still has content for the time being. See you next Monday!
CB Insights
OCTOBER 29, 2018
The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. That skyrocketing popularity is likely what made Rupert Murdoch’s News Corp think it was worth spending $580M to acquire the social network.
CB Insights
NOVEMBER 16, 2017
Zynga made social gaming history with a $7B IPO and generated huge returns for early investors like USV by building on top of existing social networks. Lending Club made changes to its business model that created new opportunities for growth. Lending Club. King Digital Entertainment. Delivery Hero. Stemcentrx.
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