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Fitness Platform Raises $5M For Online Workouts

PYMNTS

Looking beyond COVID-19, Wall Street is betting the at-home fitness boom will outlast the social distancing era. Bloomberg News reported NEOU , the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp.,

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Fintech’s Power Grab — in The New York Times

Bank Innovation

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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

PYMNTS

“So it’s no surprise that Instagram is making moves to replicate TikTok’s most popular features — especially in areas where TikTok hasn’t already amassed a strong foothold, like Brazil,” says social media fan site Later. “In Facebook previously launched a short-form standalone app Lasso, but it has failed to take off as yet.

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Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting 

PYMNTS

Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse shoes online. Nike wrote in a lawsuit filed in the U.S.

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Luxury Retail Finds New Avenues As Brick-And-Mortar Fades

PYMNTS

One of the latest, ongoing trends is the rise of online luxury resale commerce. The company has raised a total of $288 million in funding from venture capital and private equity backers, including Great Hill Partners, Greycroft, PWP Growth Equity, Sandbridge Capital, Industry Ventures and Canaan. Indeed, in its recent U.S.

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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. It has a network of dry cleaners (40 currently in New York City) that are happy for the extra revenue.

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

PYMNTS

Talk about kicking the tires: JPMorgan is reportedly helping Cars.com to explore “strategic options, including a possible sale of the company,” according to the New York Post. The news represents the latest development in the quickly evolving ties between the digital world and car vehicle sales and service. and autoscout24.de.

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