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How Digital-First Credit Unions Can Break The Impersonality Barrier

PYMNTS

The financial world has become more and more entrenched in digital channels, much to customers’ delight — 59 percent of FI consumers want to open banking accounts online rather than do so at a branch. Nearly one-third of millennials would prefer to do their banking exclusively online and eschew branch locations entirely.

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Why Toys Are Making A 2020 Comeback

PYMNTS

million, the brand’s biggest quarterly sales since 2003; while board game and puzzle sales worldwide have surged by triple digits since lockdowns started going into effect worldwide in March. And toy sales have an unusual and unexpected champion in 2020, in the form of social media platform TikTok driving interest into the segment.

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Auld Lang Syne: Remembering Social Media Milestones

Social Assurance

Though it’s now primarily used as a music and culture site, Myspace was one of the first social media networks that allowed personal profiles. While Facebook — initially named Facemash and publicly announced as The Facebook — was launched in 2003, it was an invitation only site. September 2006: Facebook was opened to the public.

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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!, In a deal that aimed to open the Chinese coal markets, US heavy-equipment behemoth Caterpillar paid $677M in 2012 to acquire ERA Mining Machinery Ltd.

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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

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. SoFi and Uber Reshuffle Their Upper Levels.

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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. Pets.com catapulted into the American consciousness via an all-out marketing blitz that included appearances at the 1999 Macy’s Thanksgiving Day Parade and the 2000 Super Bowl. The rise and fall of Theranos.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

The early consultants changed that by using market research and data analysis combined with niche expertise to help companies manage their supply chains, improve their product positioning, and enter new markets to beat their competitors. Consultants did this because clients weren’t. From the FAQ for BCG’s Gamma program.