In today’s top news, Facebook launched Facebook Financial to run the company’s eCommerce and payments projects, and more than two dozen top executives have pledged to hire 100,000 people from minority communities. Plus, a California judge ruled that Uber and Lyft must stop classifying workers...
CuriosityStream, a streaming service that produces documentaries on history, science and technology, is poised to become the latest company to go public through a merger with a special purpose acquisition company, or SPAC. Get the Full Story Complete the form to unlock this article and...
Despite a 40 percent decrease in its valuation in three years, Airbnb Inc. is on track to go public in a move that would illustrate a bounce-back in the sinking homesharing sector. Get the Full Story Complete the form to unlock this article and enjoy...
HMD Global, the exclusive licensee of the Nokia brand for tablets and smartphones, notched a $230 million investment from some of its leading strategic partners with the “first closing” of its current funding round. The funding would continue to propel the company’s strategic vision forward...
Walmart Inc. and Instacart have teamed up to offer same-day delivery in select U.S. markets as the battle against Amazon and Whole Foods Market intensifies, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Ucommune, a Chinese rival of co-working space operator WeWork, scrapped a planned U.S. IPO via a document filed on Monday (Aug. 10) with the U.S. Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
American Express Co. (Amex) could be the new owner of Kabbage Inc., one of the largest online business lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
