News

Delivery
Shareholder Cat Rock Wants Just Eat Takeaway.com to Ditch Grubhub
November 10, 2021

Cat Rock Capital, one of Just Eat Takeaway.com’s (JET) biggest shareholders, advised the Dutch delivery firm to sell or spin off the U.S. platform Grubhub, Cat Rock said in a press release on Wednesday (Nov. 10). Get the Full Story Complete the form to unlock...

DoubleVerify Buys Fellow Verifier OpenSlate for $150M
November 10, 2021

DoubleVerify, a company that helps its clients make sure their ads do not run in places featuring objectionable material, is purchasing OpenSlate for $150 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Rivian’s Upsized IPO Could Be the Biggest Since Facebook
November 10, 2021

Rivian Automotive opened Wednesday (Nov. 10) on Nasdaq under the ticker symbol RIVN, floating 153,000,000 shares of Class A common stock at an initial public offering price (IPO) of $78 per share. The offering is expected to close on Nov. 15. Get the Full Story...

Retail
Netflix Embraces Contextual Commerce With Fashion Items Tied to Content
November 10, 2021

Nearly two years of pandemic life has left many people in need of a new wardrobe, whether it’s because styles have changed or sizes have fluctuated, and with plenty of binge-worthy TV shows to discuss. And though consumers can’t yet buy a replica of Joe...

Retail
Biden Meets With Walmart, Target on Overcoming Supply Chain Issues
November 10, 2021

President Joe Biden on Tuesday (Nov. 9) met with leaders from Walmart, United Parcel Service, FedEx and Target, according to a Reuters report, in an effort to expedite deliveries and lower prices for consumers during the ongoing supply chain snafu that’s hindering all segments of...

Retail
Peloton Launches Connected Strength Product Amid Slowing Growth
November 10, 2021

Peloton on Tuesday (Nov. 9) announced its first connected strength product, an artificial intelligence-enabled device dubbed Peloton Guide, as the company faces plummeting market value in the face of slowing revenue and subscriber growth. Get the Full Story Complete the form to unlock this article...

Retail
Poshmark Sales Hurt by Apple Privacy Changes
November 10, 2021

Resale marketplace Poshmark reported lower-than-expected sales in the third quarter as the company grapples with the impact of Apple’s privacy changes in its iOS system, the latest digital firm to note a setback because of the update. Get the Full Story Complete the form to...

B2B Payments
With $160M in New Funding, Plate IQ Looks to Improve B2B Payments
November 10, 2021

For restaurants, back-office tasks have always been a chore. Assimilating invoices, getting them ingested into the general ledger and accounting systems, facilitating the payments back to suppliers — it’s all very labor-intensive. Get the Full Story Complete the form to unlock this article and enjoy...

eCommerce
Fiverr’s Payments Chief on Why Payment Complexities Best Left to Experts
November 10, 2021

To thrive in the age of eCommerce, online marketplaces that match up supply and demand need to inspire confidence that they can move money across borders seamlessly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...