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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. We created Poshmark in 2011 to make buying and selling simple, social and fun.

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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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Big Tech Got Special Access To Facebook User Data

PYMNTS

Over the course of years, Facebook reportedly enabled some of the world’s biggest tech companies to access the personal data of users — which amounted to the social media giant exempting some businesses from the privacy rules its customers thought they were protected under.

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New York Grand Jury Looking Into Facebook’s Data Sharing Agreements

PYMNTS

Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. In a statement to the paper, the social media giant said it’s cooperating with investigators. Privacy advocates contend it does.

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Can Facebook’s Video Chat Device Reverse The Hardware Curse?

PYMNTS

From pioneering the infinite social News Feed to breaking down consumers’ psychological barriers around privacy to driving politics and news (and fake news), there’s no denying that Facebook has transformed the virtual world, for better or for worse. The physical world? Not so much, though not for lack of trying. Facebook’s fault?

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Consumer Watchdog Wants More Than Regulation For Facebook

PYMNTS

Simpson, Consumer Watchdog’s privacy and technology project director. Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined. On Tuesday (April 10), Senators Edward J.

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

They are tech savvy, mobile and social. They rapidly leverage technology to compare options such as prices, features, and banking reputation when purchasing products and services. These banks are deploying advanced technology and becoming cognitive. Millennials are a fastidious breed.

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