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Facebook Adds New Lobbyists In Libra Push

PYMNTS

The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. Mike Crapo of Idaho, who was head of the Senate Banking Committee until 2003. Facebook hired William Hollier, president of Hollier & Associates LLC, to lobby for it in late August. .

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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. See you next Monday!

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Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

DM: In 2003, I pushed the organization I was with to launch a surcharge-free network in Tennessee. Today, with PCs, cell phones, mobile applications, constant texting and social media bombardment, all we seem to do is react. PYMNTS: What is the most innovative thing you’ve ever done?

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

CB Insights

Security: Higher internet usage and data generation lead to increased investment. After privacy advocates raised concerns about user data security, the companies announced changes, including using Bluetooth signals instead of geolocation data. Conversational AI/chatbots. Cloud call centers. Contactless payments. Branchless banking.

Industry 101
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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. Controversial social influence measurement company Klout came of age just as Facebook and Twitter were making the leap from fast-rising startups to global institutions. The rise and fall of Theranos.

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When Corporate Innovation Goes Bad — The 116 Biggest Product Failures Of All Time

CB Insights

Atari spent $20M securing the movie rights, built the notoriously-hard-to-play game in just five and a half weeks, then produced 4 million cartridges, of which 2.5 ViewSonic Airpanel Smart Display V110, Microsoft (2003). P’zone, Pizza Hut (2003). Nokia N-Gage, Nokia (2003). million came back to the company.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

From one perspective, the position of management consulting as an industry has never seemed more secure. Bain (whose partners actually coined the phrase “$1M framework”) would create its own “insight product” in 2003 with the Net Promoter Score. According to estimates, McKinsey makes about $8.8B Each one is still growing.