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Chinese Social Media Startup Seeks Funds At $6B Valuation

PYMNTS

Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It was started in 2013 as a community online that would recommend eCommerce sites outside of China.

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FTC seeks public input on updates to 2013 guide on making effective disclosures in digital advertising

CFPB Monitor

The FTC has announced that it is seeking public input on ways to modernize its 2013 guide titled “. com Disclosures: How to Make Effective Disclosures in Digital Advertising ,” which provides guidance to businesses on digital advertising and marketing.

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The Facebook Files: Royal Bank of Canada, Facebook Differ On Why Bank Had Continuing Data Access

Bank Innovation

Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so. RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […].

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On Tweeting with Patti Husic, an ICBA Social Media Influencer

Independent Banker

Husic: I joined Twitter in 2013. Husic: Originally, I had qualms about effective use of my time as an executive and the ROI of social media. billion Twitter searches every day, I guarantee many of our customers and our community members are on this social network. How did you get started on Twitter?

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Yelp Wins Court Ruling About Negative Online Reviews

PYMNTS

A recent California Supreme Court decision that essentially allows a negative Yelp post to stand about a lawyer could help determine how online reviews are treated in the future. She eventually sued Bird for libel in 2013 — but not Yelp — and won a default judgement in 2014, winning $550,000 in damages. A colleague disagreed.

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Standard Chartered, Amazon To Offer Installment Payments In UAE

PYMNTS

Payfort , an Amazon company set up in 2013 to help with payments throughout the Arab world, will be offering the new option through its online payment gateway, according to the report. Payfort managing director Omar Soudodi said the offering would help to bolster financial choice.

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Robinhood Faces Another Service Interruption Due To Technical Issue

PYMNTS

The company noted in a separate tweet that its systems had been completely brought back online and its web platforms were working. “We The company was founded by Vladimir Tenev as well as Baiju Bhatt in 2013 and notched $280 million from investors in May. We were able to resolve this at 9:39 AM PST,” Robinhood said in a tweet.