article thumbnail

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.

article thumbnail

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.

DC 109
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Henrico County, Virginia. The social media giant said in August that it had more than 20,600 employees. Chicago, Illinois.

article thumbnail

Grocery Tracker: Discount Games

PYMNTS

Lidl reportedly plans to open as many as 100 locations across the East Coast by mid-2018, starting with 20 stores located in North and South Carolina, as well as Virginia. headquarters in Arlington, Virginia. Distribution centers are currently under construction in Maryland, Virginia and North Carolina.

article thumbnail

Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

Growth will be fueled by the expansion of central kitchens for food prep, and social media marketing that showcases menus, philosophies and chefs. For example, students at George Mason University in Virginia and Northern Arizona University have been getting food delivered by robots since the beginning of 2019.

article thumbnail

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.

Retail 109
article thumbnail

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. To that end, these types of companies use social media and guerilla marketing to help restaurants expand their customer base in hopes of increasing deliveries.

Virginia 108