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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

News has emerged, via Bloomberg , that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the company’s new chief financial officer. BMW , for example, launched a pilot dubbed Access by BMW in Tennessee. Ford Retreat. Proof of that comes from Ford.

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Ford Drops Out of Vehicle Subscriptions, While The Space Continues Acceleration

PYMNTS

The venerable automaker has agreed to sell its own vehicle subscription operation to Fair, a startup in this space. Fair reportedly will buy Ford’s Canvas operation, though terms remain undisclosed. In addition, Mercedes-Benz Collection is expanding its Nashville, Tennessee offering to include the Premier tier. One factor?

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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

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