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NOVEMBER 19, 2020

“If history is any guide, a co-evolutionary path is likely, with an eco-system of diverse and competing payments media and systems emerging, some wholesale, others retail, some private, others public,” he said. In other news, the U.S. Freeman allegedly worked with five co-conspirators.

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JUNE 24, 2020

Brazil’s Central Bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns, according to Bloomberg on Tuesday (June 23). The Central Bank’s decision is a setback for the social media giant. The WhatsApp payment feature was introduced by parent company Facebook earlier this year in Brazil.

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PYMNTS

AUGUST 6, 2020

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data. 4) for $24 each.

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OCTOBER 21, 2020

The social media giant has begun testing a new feature in Canada, dubbed Neighborhoods, that would steal a page from Nextdoor’s playbook and allow users to link up through community-based groups, according to engadget. The pilot program was spotted by Matt Navarra, a social media consultant.

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DECEMBER 28, 2020

Alibaba led another day of high-octane selling that was driven by fears of further antitrust crackdowns, Bloomberg reported. 28), the volume surging past the 12-month daily average, Bloomberg reported. 28), the volume surging past the 12-month daily average, Bloomberg reported. Tencent and Meituan also fell over 6 percent.

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OCTOBER 28, 2020

Apple has acquired Barcelona's Vilynx , which works in advanced artificial intelligence that could boost the iPhone's AI across various devices, Bloomberg reports. Apple acquired Vilynx earlier this year, according to people familiar with the issue, Bloomberg reports. Tags are created, which helps the video become searchable.

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SEPTEMBER 29, 2020

People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg reported. Whale Alert, a transaction tracing social media account, highlighted 18.4 Estonia is a country of 1.3 million XRP coins going into a “hack wallet.”.

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JUNE 29, 2020

With advertising boycotts aplenty, Facebook CEO Mark Zuckerberg is now out $7 billion, Bloomberg reports. Coca Cola has also said it will be pausing all social media advertising for at least 30 days. Facebook has also stepped up its work to fight hate speech, now not allowing ads if they label another group as dangerous.

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JANUARY 15, 2021

Apple is exploring the addition of a premium subscription podcast tier to become a more competitive rival to Spotify, Bloomberg reported on Friday (Jan. The move comes as the tech giant ponders funding original programming, the sources told Bloomberg. 15), citing sources. Fantasy Footballers, Misfits Podcast, and others.

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NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

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JULY 26, 2020

In the latest development, Bundesbank President Jens Weidmann said in an interview published by newspapers that are part of the Funke media organization that auditing should be enhanced, according to a translation to English from German by Reuters. Pressure on Germany’s regulators also is coming from outside the country.

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PYMNTS

JULY 7, 2020

The offering brings together the functions of an online shopping website that Verishop rolled out in 2019 with a digital app that works similar to TikTok and Pinterest, Bloomberg reported. in the past, said past social shopping companies were too geared on the fun parts at first instead of creating the complex groundwork, Bloomberg reported.

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NOVEMBER 30, 2020

Deutsche Bank and Société Générale are acting as joint book-runners on the deal, according to Bloomberg. Bloomberg said Niel and Pigasse are hoping to cash in on Western Europe’s increasing demand for organic foods. In 2016, the pair created Mediawan SA, which is focused on acquiring media assets.

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AUGUST 3, 2020

Users and advertisers are coming back to Pinterest , resulting in an upswing in sales for the social media company, Bloomberg reported. With revenue jumping up in July after a slump earlier in the pandemic, Pinterest value surged 37 percent, Bloomberg wrote.

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SEPTEMBER 21, 2020

21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept.

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BankInovation

MAY 31, 2022

Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. In April, Fidelity funds marked down stakes in Reddit by more than a third from the preceding month and Stripe by 13%, according to filings and data compiled by Bloomberg.

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OCTOBER 28, 2018

ByteDance , the Chinese media company, closed a $3 billion funding round led by SoftBank , making it the largest privately backed startup in the world. Bloomberg , citing people familiar with the matter, reported late last week that ByteDance’s latest round of fundraising, which also included KKR & Co.

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JULY 28, 2020

The EU General Court has put the kibosh on attempts by EU Commission regulators to force Facebook to turn over massive amounts of data, a trove the social media giant contends includes “highly sensitive” information about employee medical records and the personal finances of family members,” Bloomberg reported Tuesday (July 28).

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MAY 26, 2020

Facebook’s blockchain division, Calibra, will get a new name as a way to distance it from Facebook’s Libra digital currency, according to a Bloomberg report on Tuesday (May 26). . Although Libra is often called the “Facebook coin,” the social media giant isn’t involved in any decision making.

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JANUARY 7, 2021

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. Its growth would slow a lot,” Francis Chan, Bloomberg Intelligence analyst said.

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MARCH 19, 2020

Google’s workforce in Europe will soon have representation by European Works Councils (EWCs) after 153 employees from 11 offices advocated for one, according to a Bloomberg report on Thursday (March 19). The workers appealed to management by writing letters asking for the establishment of an EWC, three sources told Bloomberg.

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DECEMBER 27, 2020

Unnamed sources told Bloomberg that the outspoken Dorsey has been seen with Jay-Z and his singer-wife Beyonce recently, and is reportedly interested in adding a music feature to payment platform Square’s growing stable of services.

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PYMNTS

OCTOBER 21, 2020

Sources told Bloomberg last month that if Uber buys Your Now, it would increase the rideshare giant’s penetration in European and Latin American markets. Gross merchandise volume for Free Now had been forecast pre-pandemic to reach €8 billion in 2022, according to Bloomberg. Your Now is available in more than 100 cities.

Mobile 156

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PYMNTS

MAY 20, 2020

As the country starts lifting stay-at-home mandates and people head back to the office, Citigroup is considering a temporary relocation to the suburbs until it’s safe to return to Manhattan, according to a Bloomberg report on Wednesday (May 20) that cited sources familiar with the matter. Citigroup is not alone in its consideration.

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PYMNTS

APRIL 5, 2018

Reeling from its latest data scandal , social media giant Facebook is taking steps to spell out in plain English how it gathers and uses the data of its users. According to a report in Bloomberg , the social media giant is spelling out how it collects and uses data in its Terms of Service and Data Use Policy.

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JANUARY 10, 2020

Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It eventually entered that field itself, and then it became a social media platform. It’s teamed up with a financial plan adviser to identify possible investors.

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PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes a ban on advertising their “services in public areas in Singapore or through any other media directed at the general public in Singapore.”.

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PYMNTS

JANUARY 9, 2019

Bloomberg, citing comments WeChat executive Zhou Jie made during a company conference, reported the digital assistant will be able to conduct tasks including playing music and getting a ride. Bloomberg noted there isn’t a timeline as to when Xiaowei will launch.

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PYMNTS

AUGUST 6, 2018

Amid data sharing and online privacy controversies, Facebook recently promoted on billboards what Bloomberg called the social media operator’s “new approach to user safety and privacy.” OOH is growing because it complements digital media by priming search, mobile and social engagement.”. Examples abound. OOH Development.

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PYMNTS

JUNE 1, 2020

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., million followers on social media, and Nicole Mejia, a fitness instructor with 1.3 the Los Angeles-based alternative asset manager.

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PYMNTS

DECEMBER 9, 2019

Antitrust concerns caused CMA to freeze the deal between Amazon and Deliveroo in October and will decide if the investigation should continue, Bloomberg reported on Monday (Dec. The CMA is very interested in tech giants extending their tentacles into other markets,” Alan Davis, a competition lawyer at Pinsent Masons in London, told Bloomberg.

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PYMNTS

DECEMBER 3, 2020

Bloomberg reported Thursday (Dec. The social media giant is also the world’s biggest virtual reality hardware maker, due to its 2014 acquisition of Oculus for $2 billion. The social media giant is also the world’s biggest virtual reality hardware maker, due to its 2014 acquisition of Oculus for $2 billion.

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PYMNTS

MARCH 7, 2018

As social media companies focus on preventing harmful content from spreading across their platforms, Twitter seeks to stop cryptocurrency scams from circulating as well. But it’s not clear exactly which measures the company is taking to address the issue, Bloomberg reported. on Wednesday (March 7).

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PYMNTS

APRIL 14, 2019

Bloomberg reported that before joining PayPal in March as senior vice president of core markets, Alford served as chief financial officer and head of operations for the Chan Zuckerberg Initiative, the nonprofit foundation of the social media giant’s CEO Mark Zuckerberg and his wife, Priscilla Chan.

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PYMNTS

SEPTEMBER 28, 2020

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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PYMNTS

OCTOBER 7, 2019

billion funding round led by founder Ritesh Agarwal, SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India, Bloomberg announced on Monday (Oct. are funding Agarwal’s share acquisition through RA Hospitality Holdings, sources told Bloomberg. . India-based hotel and booking startup OYO announced a $1.5 OYO offers 1.2

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PYMNTS

NOVEMBER 27, 2018

politician said Facebook was aware that Russian-linked organizations were harvesting data from the social media giant, since October 2014, according to Bloomberg. Bloomberg reported that the documents were sealed by California courts. Facebook previously said it was unaware of the activity until after the 2016 election. .

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