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Grubhub Changes Tipping In California, Angering Drivers

PYMNTS

Grubhub drivers are fuming over a new company policy that has led to dramatically reduced tipping, the Financial Times reported, citing exchanges with drivers and posts by other drivers on the Reddit social media platform. Really disappointing.”.

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Report: Facebook To Move UK Users To California Privacy Agreement

PYMNTS

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. 15) rolled out a proposal for tough new regulations for digital services that cover online marketplaces, social media and other platforms.

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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised.

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FTC Could Hear Testimony From Facebook’s Zuckerberg, Sandberg

PYMNTS

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. billion global users. states and the DOJ.

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Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big Tech Platforms $1.18M

PYMNTS

million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

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Social Calendar App IRL Lands $16M In Series B Funding Round

PYMNTS

The initiative is being led by Goodwater Capital, the Silicon Valley tech investor; Founders Fund, the San Francisco-based venture capital firm; Floodgate, the venture capital company of Palo Alto, California; and New York-based Raine Group LLC, the global merchant bank focused on tech companies. .

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California financial regulators blamed SVB run on social media, understaffing and uninsured deposits

American Banker

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