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Five Key Takeaways From Poshmark’s IPO Filing 

PYMNTS

Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash. In doing so, we bring the power of community to buying and selling online.

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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

At its peak, holiday shoppers were spending approximately $1 million per minute online to soak up big deals. $3 3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., Here are the numbers: $7.9

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Judge Says Facial Recognition Suit Against Facebook Can Proceed

PYMNTS

When an online service simply disregards the Illinois procedures, as Facebook is alleged to have done, the right of the individual to maintain her biometric privacy vanishes into thin air,” Donato wrote in the ruling. It could also lead to new restrictions on the site’s use of biometrics in the U.S. Earlier this year, U.S.

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Poshmark IPO Puts Spotlight On reCommerce

PYMNTS

The social media-focused platform company’s business model is simple: it’s a retail destination for consumers looking to sell their second-hand apparel and other goods or pick up desirable designer items for fraction of the price. Unique to Poshmark are social media aspects like the ability to share “likes” on favored items. “We

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With Terrorists And Scammers Lurking, Is A Crypto Storm Looming?

PYMNTS

And, while terrorist use of cryptocurrency is still evolving, certain terrorist groups have solicited cryptocurrency donations running into the millions of dollars via online social media campaigns.”.

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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

Other scams include Medicare/Medicaid fraud using online advertisements for durable medical equipment, or routine products and services that they would normally receive from their physicians but are afraid to go in for an office visit due to the health risk. Ignore online offers for vaccinations.

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Facebook Touts Payments and Privacy with Q1 Results

PYMNTS

The federal agency has accused the social media platform of violating a privacy consent decree from 2011. The FTC could also subject the social media giant to tougher checkups to prove it is complying with the settlement. So far, the largest fine the agency has imposed on a tech company was the $22.5 Privacy Push.