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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community.

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Opendoor Trims Employees And Perks

PYMNTS

Opendoor , the startup that operates an online platform for buying and selling homes, “is reshuffling staff and scaling back on a time-honored startup perk: free lunch,” according to a report from Bloomberg. The report went on to say that “Opendoor, most recently valued at $3.8

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Then there is credit.

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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

On the delivery end, Darkstore has partnered with a spread of startups and local and national courier and major shipping companies to then ship out same-day. Darkstore already operates in San Francisco, Phoenix and New York City. As of December, the startup has enabled shipments of $1.7

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The 2023 GonzoBanker Awards

Gonzobanker

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. The “Giant Sucking Sound” Award – goes to the swell of funds leaving banking and ballooning money market mutual funds. and Summit Financial Group, Inc.

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iBuyers – Whose Side Are They On?

TrustBank

Zillow Offers, a subdivision of the company, had been speculatively investing in the residential real estate market even as the company was also providing real estate listing and internet home pricing services. The data for Portland, OR and Seattle, WA — markets in the Washington Trust Bank footprint — observed iBuyer market share of 2.3%

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The 2022 GonzoBanker Awards

Gonzobanker

TD has been a player that maintained its acquired market share so we are hoping this one doesn’t get messed up like other Canadian banks that have struggled in the Southwest. banks by market value.”. Thanks for elevating the pressing need for bankers to think more like marketers. You aren’t competing with the supermarket.”.

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