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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

The model for the DineVite online and mobile app is actually similar to social media. The operative word is control. “I What will factor into any restaurant or restaurant group’s success in tomorrow’s online world are the numbers and demographics of just how tourist-traveled your city, town, or region is going forward.

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Building A Better Digital Bridg For Customers

PYMNTS

Digital companies like Amazon have long demonstrated the effectiveness of precision marketing through online and social media, but it’s been impossible for restaurants and retail operating in the brick-and-mortar world to duplicate those capabilities,” said Jain. Because by the numbers, every open quite literally counts.

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. Confirm.io The Controversies.

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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. table of contents.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. Expertise: An experienced operator’s perspective on a problem and the different ways that it can be solved.