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Five At Five: Facebook Hit By GDPR On Monthly Users

PYMNTS

Facebook, the world’s leading social media platform, reported last week that it lost about 1 million monthly active users (MAU) in Europe due to the new regulations, leaving it with 376 million. cities — like New York, Las Vegas, Los Angeles and Dallas — by early 2019. GDPR Takes Toll on Facebook Engagement Figures.

Las Vegas 100
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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. Some say it’s a gas.

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

Electronic gift card platform. Payments via social media. HQ: Las Vegas, Nevada. Tags: Payments, mobile, social, Facebook, Startup Chile (investor). Source: Finovate. Loop Commerce. HQ: Palo Alto, California. Latest round: $16 million Series B. Total raised: $29.2 Source: FT Partners. HQ: Mumbai, India.

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Facebook’s Sizzly, Fizzly Week

PYMNTS

The firm also announced another major retail play: It will be opening pop-up shops within select Macy’s locations across the U.S. The new shops will feature 100 popular small businesses and digital brands on Facebook and Instagram into retail stores, and will be housed in The Market @ Macy’s.

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Spring Break Goes High-Tech

PYMNTS

From smart bags to social media, spring break is becoming a surprisingly digital and high-tech travel period in the U.S. With a tap of the card, they could enter Spring Break mode to get a sneak peek at the other Tinder users who would also be there. The words “spring break” evoke all kinds of mental images.

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What’s the ROI, Kenneth?

Gonzobanker

At a meeting of chief risk and credit officers from 15 of the 50 largest card issuers in the United States, someone asked the group “How many of you have ‘360-degree-view-of-the-customer’ projects currently under way?” Anyone who thinks it’s because the ROI is needed to justify any IT investment is wrong.