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?
LinkedIn had a very strong 2020, during which its total ad revenues grew 31.3%, driven by its Marketing Solutions as B2Bs focused on targeting audiences working from home.
On the back of Cerner’s Q2 rosy revenue reporting, we unpack how it can win the market share tug-of-war with Epic over the next few years with its more affordable options for small hospitals.
A new study claims universal broadband access could add $160B to the US economy annually. As one of the first clear estimates of expanded broadband’s economic benefit, the study could help drive support for President Biden’s proposed $65 billion in broadband spending.
The president’s pick for assistant secretary of state for business focuses on the impact of AI financial crises. The move is the latest attempt by the administration to work toward a unified national AI strategy amid rising global competition.
Microsoft could be critical to Google’s fortunes: The tech giant may need to hand over millions of documents in the Department of Justice’s antitrust case against Google.
The pandemic-induced period of record growth for the devices is waning, and despite high demand, production cuts resulting from the global chip shortage means shipments could be in for further decline.
Q2 insurtech funding is the largest on record, but just 15 late-stage deals accounted for two-thirds of the total, putting newcomers at an even steeper disadvantage.