article thumbnail

Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. The tactic worked – in 2013, Gentle Monster’s oversized glasses were used to portray the main character of a huge Korean drama show. These striking designs paid for themselves in media exposure. months, including an annual operating cost.

article thumbnail

Robinhood Says Tech Issue Resolved, But Users Complain Of Missed Opportunities

PYMNTS

Users of the digital trading platform Robinhood have taken to social media once again to express their outrage about outages locking them out of a stock market rally on Monday (May 18), according to a report. Based in Silicon Valley, Robinhood was founded in 2013 by Stanford University classmates Baiju Bhatt and Vlad Tenev.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU Seeks Internal Facebook Records Amid Antitrust Probe

PYMNTS

Facebook’s 2013 Onavo acquisition is also being probed. The social media giant said it used the app as one of its market intelligence tools and that it notified users of all data collection activities. Investigators are also looking into software changes Facebook initiated that enabled app developers to connect to data.

article thumbnail

Facebook Could Face FTC Antitrust Suit By Year's End

PYMNTS

The Federal Trade Commission (FTC) is looking into potentially launching an antitrust lawsuit against Facebook over allegations that the social media giant has stifled competition, The Wall Street Journal (WSJ) reported. The suit could be filed by the end of the year, sources told WSJ.

article thumbnail

Facebook Played Favorites With Data

PYMNTS

Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

Data 116
article thumbnail

Kering To Debut Its Own eCommerce Sites

PYMNTS

Kering is gearing up to offer its own luxury eCommerce sites within the next two years, ending existing joint-venture efforts and bringing such operations in house, reported Reuters. By 2020, Kering will bring full control of its luxury brands online through its own internal activities, which include building tech teams, said Reuters.

article thumbnail

Twitch Buys Bebo In eSports Push

PYMNTS

The growth path of the company in addition to the larger opportunity in social media helped it get acquired by AOL for approximately $850 million in 2008. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013.