Investors and board members are growing weary of the behavior by WeWork’s CEO and co-founder Adam Neumann, and they are looking to force him out as the company moves toward an initial public offering (IPO), The Wall Street Journal reported Sunday (Sept. 22). Get the...
Pop quiz: When you read the words “most popular Airbnb listing in history,” what is the first thought that pops into your mind? Maybe something painfully hip and urban – a Manhattan penthouse, Brooklyn brownstone or a San Francisco loft. Or perhaps your first thought was something really exotic –...
It was something of an uneven week in the race for the consumer’s whole paycheck. Amazon had a something of a forward-backward kind of week, as an argument emerged about whether its algorithm is rigged in such a way that it is getting an extra...
Online personal shopping service Lookiero revealed it has closed a $19 million funding round led by London-based MMC Ventures, as reported on Friday (Sept. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Walmart has announced it will no longer sell eCigarettes after it sells out of its current inventory. The world’s biggest retailer currently sells brands including Njoy, Blu and Juul. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A cannabis consumer goods and marketing holding company led by PRØHBTD CEO and Founder Drake Sutton-Shearer has launched with $25 million in funding, according to a Sept. 20 press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Today in the payments news roundup, Wells Fargo is collaborating with data platform Plaid to let customers manage their finances in one place through an application programming interface (API). Also, food delivery platform Postmates has raised $225 million at a $2.4 billion valuation. And FinTech Stripe...
Thomas Cook, a global travel company based in based in London, needs to find 200 million pounds for lenders or it could collapse, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. Walgreens, in one case, plans to pilot drone deliveries in Christiansburg, Virginia starting in October by partnering with Wing, a member of the Alphabet family...