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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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Rescuing The Restaurant Business From App Decline

PYMNTS

The model for the DineVite online and mobile app is actually similar to social media. What will factor into any restaurant or restaurant group’s success in tomorrow’s online world are the numbers and demographics of just how tourist-traveled your city, town, or region is going forward.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

I’m sure we won’t get much sympathy from places like Chicago, Buffalo, and Erie, but they signed up for winters like this, not us here in Philly. Facebook continues to be whipsawed and other major names like Google, Amazon, Netflix, and Microsoft fell in sympathy with their social media favorite. We have had quite enough!

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

An enormous part of By Chloe’s success is that its dishes and restaurants are optimized for social media. Even today, interest in kombucha is mostly concentrated in coastal regions, especially in the Pacific Northwest. Tasting Table highlighted the veggie burger as “NYC’s most talked-about burger” and “hard to put down.”.

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Controversial social influence measurement company Klout came of age just as Facebook and Twitter were making the leap from fast-rising startups to global institutions. Founded in 2008, Klout’s central function was to assign users an influence score based on their social media activity across a variety of social networks.

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