article thumbnail

Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. RSI is projecting $321 million in revenue for its fiscal 2021. RSI is projecting $321 million in revenue for its fiscal 2021.

Online 142
article thumbnail

Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

PYMNTS

The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. The service said it attracts some 19 million unique monthly visitors to its online automotive marketplace. and autoscout24.de.

Indiana 105
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
article thumbnail

A New Echo Hack Unearthed At Defcon

PYMNTS

In late May, the techniques known as “voice squatting” and “voice masquerading” were discovered and disclosed in a paper by researchers from Indiana University at Bloomington, the University of Virginia and the Chinese Academy of Sciences. Nor is this the first worrying security flaw that has been pointed out in recent memory.

Indiana 108
article thumbnail

How Can Banks Thrive in the Next Five Years?

Jeff For Banks

And products started migrating online. First Internet Bank in Indiana was founded in 1998. They are/were the business owners, demanders of capital and loans, and significant depositors. This is why online banks can pay higher interest rates. There was deregulation as to products and pricing. billion in total assets.

article thumbnail

Why TOMS Shoes Is Putting A Toe In Brick-And-Mortar

PYMNTS

He wanted to be Indiana Jones. Mycoskie is no longer CEO — after selling much of his share in the firm to Bain Capital in 2014, he has since moved to the official role of Chief Shoe Giver and has focused his attention on what’s next for TOMS Shoes. The online customer is expensive to attract and not easy to keep.

article thumbnail

Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Digital laggards – Many big-box retailers either failed or were too late to establish an online presence. In 2018, the company has agreed to close at least 26 UK-based warehouse-size stores and focus on higher-performing stores and online commerce. Date: September 2017. Category/Product(s): Footwear. Date: June 2017.

Retail 78