Amazon is offering users $10 in promotional credits to sign up for its palm print-based One biometric payment system. Adding palm prints to its database could make One more attractive to third parties, though the practice raises major privacy and data security concerns.
After a significant pandemic-induced exodus away from major tech hubs, workers are returning to the Bay Area as their offices plan reopenings. Though traditional tech hubs may return to Californian, Big Tech’s largest companies may face significant work from home-related turnover.
Established Indian fintechs, like insurtech PolicyBazaar, are seeking to cash in on increased investor interest in tech businesses and hostile Chinese market conditions by filing for IPOs
Amazon fined under GDPR: The tech giant was fined €746 million for using consumer shopping data for ad targeting without consent—which doesn’t bode well for other Big Tech companies that are facing privacy-related scrutiny.
Square makes history: The payment giant will acquire buy now, pay later startup Afterpay for $29 billion to make inroads with younger consumers.
YouTube segments the market: A new subscription tier called Premium Lite is poised to help the video giant capture as many subscribers as possible.
Square’s unexpected purchase is set to shake up the buy now, pay later (BNPL) space while also opening up cross-selling opportunities for the payments giant, helping it to maintain its edge over top rival PayPal.
The deal for the buy now, pay later provider, worth about $29B, hands Square an opportunity to roll out a consumer-side neobank in the US and to straddle two neobanking segments in Australia.
SMB credit card fintech gets $100M to expand into crowded corporate US market: UK-based issuer Capital on Tap is ramping up in the US after making its plunge in March—we unpack the troubles ahead for small firms like it competing with established players and not much differentiation.
CBA latest Aussie bank to pare down branches: The bank will cut hours at 90 branches so they can be used as contact centers as its customers have moved toward other banking channels—part of a broader trend against branches.
On today's episode, we discuss Facebook's Q2 performance, whether Apple's iOS update has affected ad revenues, and what Facebook means exactly when it talks about its (and everybody else's) “metaverse” future. We then talk about the impact of Facebook Pay expanding to online retailers, whether Instagram Reels could come to Facebook's homepage, and some new privacy features for kids on Instagram. Tune in to the discussion with eMarketer senior analyst at Insider Intelligence Jasmine Enberg.
If the new $9.95 fee rolls out nationally, it could help cover Amazon’s expenses—but perhaps at the cost of dominating the US online grocery market as rival Walmart nips at its heels for the lead
When will mobile surpass nonmobile in B2B ad spend?