News

Security & Fraud
Post-Data Breach, Ecuador Pushes For Stricter Privacy Laws
September 22, 2019

Ecuador’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
SoftBank To Push For WeWork CEO To Step Down
September 22, 2019

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...

Retail
Why Treehouses Rule The Airbnb Roost
September 21, 2019

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 –...

Partnerships / Acquisitions
Fitbit Reportedly Exploring Sale Of Business
September 20, 2019

Under its challenges of moving to smartwatches from fitness trackers, Fitbit has reportedly been in discussions with an investment bank surrounding the possibility of looking into a sale. The company is said to have had difficulty getting a foothold in the category of smartwatches as...

Investments
Lookiero Shopping Service Secures $19M In MMC-Led Round
September 20, 2019

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...

Retail
Walmart Nixes eCigarette Sales
September 20, 2019

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...

Security & Fraud
Facebook App Investigation Leads To Thousands Of Suspensions
September 20, 2019

Facebook revealed it has suspended “tens of thousands” of apps due to an investigation into how developers use its members’ data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Future State Brands Raises $25M For Cannabis Investments
September 20, 2019

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...

News
Top News In Payments: Wells Fargo Collaborates With Plaid On API; Postmates Notches $225M
September 20, 2019

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...