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Loss Of Advertisers Knocks Facebook’s Market Value Down $56B

PYMNTS

The social media giant has faced backlash and losses in partnerships from companies like Unilever , Verizon and Hershey , which have decided to sever ties due to what they say is a failure on Facebook’s part to sufficiently police hate speech and inaccurate news on its platform. Shares in Facebook fell 8.3

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

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Facebook Tracker: East, West And Everything In Between

PYMNTS

Facebook is getting big, and we don’t just mean popular: the social media giant has gotten bigger than its britches in more places than one, with new offices cropping up across the U.S. Google, for instance, has its Midwest headquarters in the former Fulton Market Cold Storage building. Henrico County, Virginia.

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Grocery Tracker: Discount Games

PYMNTS

Whole Foods’ market cap was estimated at over $9.7 Costco stock was up as well for the week, hitting a high over $176 on Friday morning, with a market cap over $77 billion. and a market cap over €26 billion (over $27.6 headquarters in Arlington, Virginia. 17) morning trading. At the time of writing, WFM was up 1.15

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

That growth will be driven by a generally healthy consumer spend and tight labor market. Growth will be fueled by the expansion of central kitchens for food prep, and social media marketing that showcases menus, philosophies and chefs. New chains could quickly emerge regionally or nationally.”.

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How Local Food Delivery Aggregators Compete With Larger Platforms

PYMNTS

In Richmond, Virginia, for example, Chop Chop allows diners to choose from a menu of 50 to 60 restaurants for delivery. In sum, “we’re there to market for them to help them grow,” Chop Chop Owner Chris Chandler told PYMNTS.com in an interview. on customer service, local knowledge and restaurant fees.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

Virginia-based PuroTrader connects approximately 10,000 active luxury cigar sellers — a group primarily made up of retailers, with a smaller share of individual sellers — with collectors interested in making purchases. These companies are also not allowed to advertise on digital platforms, such as social media or search engines, Rogers said.

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