Robinhood Seeks $250M From Investors
Robinhood Seeks $250M From Investors
April 16, 2020  |  Investments

Robinhood, the Menlo Park, California-based stock trading app, is nearing a deal to raise $250 million from investors at a valuation of $8 billion, Bloomberg...

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Automatic BOOST To Communities Act Resurfaces Digital Dollars
Automatic BOOST To Communities Act Resurfaces Digital Dollars
April 16, 2020  |  Payment Methods

To help provide U.S. taxpayers with stimulus payments to get through the recession brought about by the coronavirus, the idea of a digital dollar has...

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Today In Payments: Marcus Reports $12B Boost In Deposits; Alphabet To Decelerate Pace Of Hiring
Today In Payments: Marcus Reports $12B Boost In Deposits; Alphabet To Decelerate Pace Of Hiring
April 16, 2020  |  News

In today’s top news, Goldman Sachs reported a $12 billion boost in Marcus deposits with a $72 billion tally at the end of the quarter, while...

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Visa To Alert Users When Trial Offers Become Paid Subscriptions
Visa To Alert Users When Trial Offers Become Paid Subscriptions
April 16, 2020  |  VISA

The lure of subscription services often starts with a free trial but too often consumers forget they signed up or stopped using the service, which...

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Bezos: Global Testing Needed To Combat COVID-19
Bezos: Global Testing Needed To Combat COVID-19
April 16, 2020  |  Coronavirus

Jeff Bezos is the latest high-profile executive to say that universal testing for the coronavirus is key to jump-starting the economy. Get the Full Story...

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Sweden’s Outlier Response To COVID-19, And Its Results So Far
Sweden’s Outlier Response To COVID-19, And Its Results So Far
April 16, 2020  |  Coronavirus

While most of the world has gone into some version enforced social distancing and quarantine mode with the rise of COVID-19 — closing schools, banning...

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Uber Eats Sees 59 Pct Spike In European Grocery Delivery
Uber Eats Sees 59 Pct Spike In European Grocery Delivery
April 16, 2020  |  Coronavirus

As much of Europe remains on lockdown due to the coronavirus pandemic, Uber Eats experienced a 59 percent spike in grocery delivery orders in March...

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Hong Kong Could See Quarter Of All Retail Stores Shutter By Year-End
Hong Kong Could See Quarter Of All Retail Stores Shutter By Year-End
April 16, 2020  |  Retail

The coronavirus has had a catastrophic effect on retailers worldwide, and Hong Kong – known as a shopping mecca with its many upscale shopping malls...

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Stripe Notches $600M In Extended Series G Funding Round
Stripe Notches $600M In Extended Series G Funding Round
April 16, 2020  |  Investments

As COVID-19 moves the economy online, Stripe unveiled an extension of its Series G funding round. The company brought in $600 million in additional funding from investors...

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