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Facebook To Buy Stake In India’s Meesho

PYMNTS

Social media company Facebook is going to buy a stake in Meesho, an Indian eCommerce startup that connects people re-selling a variety of items with potential buyers on other platforms, according to a report from Reuters. Meesho reportedly was founded in 2015 has raised some $65 million in capital so far.

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Google’s Waze Acquisition Likely Target Of FTC Scrutiny

PYMNTS

Waze was considered by some to be part social media site, part navigation app. Further, by purchasing Waze, Google got rid of its main competitor. . It was different from Google’s own Maps, in that users could exchange information about police in the area or traffic-causing construction.

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2019: Big Payment, Commerce And Tech IPOs Loom On The Horizon

PYMNTS

A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets. But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs.

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Tencent Surpasses Alibaba As Most Valuable Chinese Tech Stock

PYMNTS

Social media company Tencent has now claimed that title. Alibaba still has the title of largest IPO on the New York Stock Exchange, but Tencent ’s rising market capitalization is pushing it out of the top spot in terms of Chinese tech firms. So, what’s behind the interest in China’s largest social media company?

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The Slow-and-Steady Approach To The Skincare Race

PYMNTS

With the recent global explosion in skincare and wellness products, there are all kinds of stories of how various entrepreneurs wound their way into the market. The company’s bootstrapping days came to an end earlier this month, as it has raised its very first round of outside capital in a $15 million Series A investment led by Silas Capital.

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

at the end of 2022, and the bank’s filing shows that the mark-to-market loss on the HTM portfolio was over $15B, almost equal to the bank’s equity base, thereby, making the bank economically insolvent. A small handful of their venture capital customers held a large influence over the majority of their customer base.

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How SMBs Could Edge Out eCommerce Giants This Holiday Season

PYMNTS

He said “the older generation that couldn't [use technology] or is not willing to shop in stores is also adopting digital” — one of the main reasons the adoption of eCommerce has accelerated so much this year. sellers to seek toeholds outside of America, taking advantage of an opportunity to boost business in markets with less competition.