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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Instagram Invites Security Experts To Hack Its Checkout Feature

PYMNTS

Checkout by Instagram includes participation by PayPal and its retail partnership program. Instagram is a place for people to treat themselves with inspiration, not a place to tax themselves with errands. Instagram’s parent company Facebook launched its bug bounty program in 2011.

Security 116
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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. Today, the country’s coffers have about ~$12B in reserves, down from $30B since 2011.

Bitcoin 100
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11 Lessons From Startup Chapter 11s

CB Insights

Declared Bankruptcy: 2011. By December 2011, it was under $30/kg. By September 2011, Solyndra’s business model had fallen apart. Founded: 2011. Founded by Jane Park in Seattle in 2007, beauty brand Julep quickly grew from a scrappy startup to a major omnichannel retail operation. Dart Music. Founded: 2005.

Apple 78
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: October 2011. With Apotheker fired in 2011 for a slew of missteps that had contributed to the company’s massive losses, nothing ever came of the acquisition. Date: August 15, 2011. And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B.

Google 76
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GonzoBanker Awards 2017

Gonzobanker

Monty Python “I’m Not Dead … Yet” Award – Goes to physical retail. Malls, retail stores and even some bank branch closings proliferated in 2017. In some slower growth or declining areas of the Midwest, Mid-Atlantic and New England, retail is getting slammed. Executioner’s Tax (Swing of the Ax) – Power Trip.

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

CB Insights

BlackBerry PlayBook, BlackBerry (2011). Google+, Google (2011). Google+ isn’t the only social outing on this list from the search giant, but it’s probably the highest-profile disappointment. PS Vita, Sony (2011). Amazon Local, Amazon (2011). Facebook Deals, Facebook (2011). Touchpad, HP (2011).