As economic pressures mount around the world, multinational food delivery businesses are having a rough go of it. United Kingdom-based food delivery aggregator Deliveroo, for one, which operates in 11 markets across three continents, announced Wednesday (Aug. 10) a plan to shut down its operations...
The caricature of teenagers playing video games in basements is being redrawn as Roblox says its audience is aging out of one set of experiences and into others, promising a new level of monetization from older gamers with money to spend on layered avatar clothing...
As employees continue to opt for remote or hybrid work situations, restaurants that rely on city center workers’ workday lunch spend are left in a lurch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
With The RealReal’s active buyers up over 20%, gross merchandise value (GMV) rising 30%, orders jumping 40% and total revenue rising nearly 50%, one might assume that all was well at the self-titled “largest online marketplace for authenticated, resale luxury goods.” Get the Full Story...
How bad was crypto exchange Coinbase’s second quarter? Well, one of the first things CEO Brian Armstrong said was, “there’s a phrase that we say often internally at Coinbase, it’s never as good as it seems. And it’s never as bad as it seems.” Get...
Embattled eCommerce marketplace Wish.com says it’s pinning its recovery hopes on a strong second half fueled by bargain-hunting holiday shoppers in search of a deal at a time of growing economic stress and concern among consumers. Get the Full Story Complete the form to unlock...
Pharmaceutical price-shopping platform GoodRx says it is pivoting to regain lost sales and customers now that it has settled a costly spat with a grocery chain’s drug store, but warned the process would take time to complete. Get the Full Story Complete the form to...
Artificial intelligence (AI) lending marketplace Upstart on Monday (Aug. 8) delivered lower than expected financial results for the second quarter of fiscal year 2022 that brought close to a 15% share price drop in after trading hours following stock gains in the past week that touched new...
Paytm shares jumped over 6% on Monday, hitting the highest level in almost six months, after parent company One 97 Communications saw an 89% surge in revenue for the quarter, a Reuters report said. Get the Full Story Complete the form to unlock this article...
