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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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Making A Plant-Based Jerky For The Lone Star State

PYMNTS

In another nod to the Lone Star State’s geographical landscape, each of the company’s flavors represents a different region in the state. To get the word out about its products and educate the market, All Y’alls Foods is working with a few moderate influencers, who might have 25,000 to 50,000 social media followers.

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Rescuing The Restaurant Business From App Decline

PYMNTS

Currently exiting beta in New York City, Fahmy’s new company, DineVite, claims to put the discounts back where they belong — with the restaurant owners. The model for the DineVite online and mobile app is actually similar to social media.

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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. Co-founder Samantha Wasser recently opened a Middle-eastern-style spinoff, Dez, in New York’s Soho district, with a similar focus on zesty dishes like a fire roasted eggplant mezze with pomegranate, herbs, za’atar, and tahini.

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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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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Orders that once took hours to fulfill are being delayed by weeks in areas hit particularly hard by Covid-19, such as New York City. FreshDirect , an online grocer serving the New York City metropolitan area, saw a 60% increase in online activity in March 2020 compared to the same period in 2019.

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