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‘Costco For Millennials’ Attracts Big Investors

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A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. The idea of a sale came as the New York startup was looking for funding. Both General Mills and Bed Bath & Beyond are considering investing in Boxed.com.

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L’Oréal, Instagram Lead Late-Year Social Commerce Push

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It’s also a play to capture TikTok’s Gen Z and millennial audience. According to MarketWatch , L’Oréal is making a “minority investment” in Replika via its venture capital fund, BOLD Business Opportunities for L’Oréal Development. Comscore data says the share of U.S.-based based TikTok users between 25-34 years old increased from 22.4

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Macy’s Spotlights Women-Owned Businesses With SoGifted

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Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. SoGal was co-founded by Pocket Sun and Elizabeth Galbut in 2016 and is headquartered in New York City.

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NY Regulators Investigate Whether Earnin Is Covertly Offering Payday Loans

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Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. Investors also like the firm — in December the firm announced $125 million in funding from Andreessen Horowitz, DST Global and Spark Capital.

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For Visa, She’s Next Is What’s Next

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Visa said Monday evening at a New York gathering in anticipation of the launch that events through a year-long campaign will include interactive workshops, tailored on a community-by-community basis. And 61 percent of those queried said they self-funded their business. What’s On Tap. An inaugural Jan. India and Mexico.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

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The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange.

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Bitcoin Tracker: Easy Access Is ‘Easier’ With ATMS & Gift Cards

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Coinsource, America’s largest bitcoin ATM provider, just announced proudly that the company now has 55 ATM kiosks, after adding six new ones in California — four in Los Angeles and two in San Francisco. The average rate of a new bitcoin ATM? The math comes out to one per week. What about gift cards?

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