DoorDash sues NYC over customer data-sharing law: Though the company’s argument that the law would hurt consumer privacy is technically true, it’s more likely that DoorDash hopes to maintain control over restaurants’ marketing communications.
WhatsApp takes on business discovery: The new in-app directory is its latest feature pushing to make ecommerce central to the platform. But privacy concerns still loom large in the background.
T-Mobile added a new cellular label called 5GUC, ostensibly to provide clarity—but the abundance of different labels may be having the opposite effect.
Marketers are optimistic despite headwinds: The Delta variant threatens to dash marketers’ optimism—but recent data around increasing foot traffic, holiday travel plans, and decreasing COVID-19 cases could renew their hopes.
Groww is in talks for a new raise that would triple its valuation to $3B as investors eye huge user acquisition opportunities for local fintechs.
The banking giant will buy fintech GreenSky in a deal worth about $2.24 billion, broadening the line of products available to consumers through its direct bank unit.
Instagram knows it has ill effects on some teen users: This presents TikTok with an opportunity to pitch itself as a safer platform for content creators.
UK banks accused of blaming fraud victims: A consumer watchdog publication reports that banks aren’t adhering to their industry code’s threshold in disputes on fraudulent payments. The report may hurt banks’ reputations and help competitors woo away customers.
The BNPL provider will let merchants accept Bitcoin payments and plans to launch a crypto trading feature—which may help it stand out as other BNPL providers opt for more traditional feature enhancements.
House proposal would give the FTC oversight on privacy issues: The FTC’s battle with Big Tech may soon extend to data and privacy breaches if the proposal is approved.
Wells Fargo picks both Google and Microsoft as cloud providers: The banking giant has settled on partnering with multiple companies for cloud services a few months after other large banking players struck their own cloud provider deals.
Amazon addresses labor shortages with wage increases and partnerships: Amazon is raising its minimum wage for Canadian workers and teaming up with Deliveroo overseas to attract workers in the pandemic-induced tight labor market.