There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has run its course, the cash coffers have been drained, and in the United States, bankruptcies have been on the rise....
BlackBerry has a new CEO, and has altered its plans for its Internet-of-Things (IoT) business. The software company announced Monday (Dec. 11) it had dropped plans to “pursue a subsidiary initial public offering” of its IoT unit. Instead, BlackBerry will work toward separating its IoT and cybersecurity units...
In business, as in life, there are no guarantees of success. And to put a twist on an observation by poet Robert Burns, the best laid plans of digital, app-driven platforms looking to upend the way things have always been done … can go astray....
British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report Thursday (Nov. 30). “Zepz has entered a redundancy consultation which could affect less than 2% of its global headcount,” a...
Google parent Alphabet has sold off all of its shares in trading app Robinhood. The tech giant in August had sold about 90% of its stake in Robinhood, and said in a recent filing with the Securities and Exchange Commission (SEC) that it had dissolved its holdings. Alphabet also...
Payments firms Rêv and Netspend have combined their operations to form a new company named Ouro. The new group will maintain Netspend as a flagship brand and prepaid card provider, while also continuing to expand use of Rêv’s X World Wallet, the company said in a Wednesday (Nov. 1) news release....
Technology services company NCR says it is now officially called “NCR Voyix.” The company announced the name change Monday (Oct. 16), the same day it is scheduled to divide into two independent, publicly traded companies: NCR Voyix, focused on digital commerce, and NCR Atleos, which is focused on ATMs....
NCR announced that its planned spinoff of its ATM business is weeks away. The technology services company said its board approved the timing of the separation of NCR Atleos, its ATM-focused company, from NCR Voyix, its online commerce company, according to a Friday (Sept. 22)...
Robinhood’s monthly active user (MAU) base continues to shrink. The trading platform announced Wednesday (Sept. 13) that its MAUs for August came to 10.6 million. That’s down from 11 million at the close of July, and 13.3 million from August 2022. The news follows Robinhood’s earnings report from...