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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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Rescuing The Restaurant Business From App Decline

PYMNTS

Currently exiting beta in New York City, Fahmy’s new company, DineVite, claims to put the discounts back where they belong — with the restaurant owners. The model for the DineVite online and mobile app is actually similar to social media. The operative word is control. “I

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Blue Apron Turns 7 As Meal Kit Industry Grows Up

PYMNTS

We at PYMNTS, being writers, don’t do cakes and gifts for birthdays, but instead prefer writing retrospective stories like this, treatments that serve not only as a history of a particularly newsworthy company, but also a glimpse into the future of the industry in which it operates. Back to 2012.

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Blue Apron Marks Seventh Birthday Amid Meal Kit Industry Changes

PYMNTS

We at PYMNTS, being writers, don’t do cakes and gifts for birthdays, but instead prefer writing retrospective stories like this, treatments that serve not only as a history of a particularly newsworthy company, but also a glimpse into the future of the industry in which it operates. Back to 2012.

Industry 100
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55 US Companies That Became Unicorns In 2018

CB Insights

New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Company Description: Circle Internet Financial is a Boston-based cryptocurrency company offering a crypto exchange platform, money transfers, and investment services. Circle Internet Financial.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Vegan fast casual: By Chloe (NYC, Boston, LA, Providence, London). The restaurant has 12 current locations, in New York, LA, Providence, Boston, and most recently London, and another 20 are planned. An enormous part of By Chloe’s success is that its dishes and restaurants are optimized for social media.