German digital commerce upstart Berlin Brands Group is starting on a new plan to purchase smaller companies. In the markets, shares of GameStop have astronomically risen without a material change in their underlying unprofitable business. And in B2B payments, companies are updating and shoring up their payments and reconciliation workflows to suit the new digital landscape. All this, Today in Data.
Data:
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$302M: Approximate amount that Berlin Brands Group plans to invest in purchasing smaller companies.
85%: Portion of financial executives who plan to adopt real-time payments (RTP) by 2023.
65%: Share of companies that say the pandemic is prompting them to digitize their payments.
50%: Estimated share of Robinhood users who own GameStop shares.
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$16: Price target that an analyst had for GameStop as of Jan. 11.
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