News

Partnerships / Acquisitions
Shopify Acquires Warehouse Automation Firm To Boost Fulfillment Efforts
September 10, 2019

Shopify announced that it has reached an agreement to buy 6 River Systems, a provider of collaborative warehouse fulfillment solutions, in a deal worth $450 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
No Precedent For Facebook Antitrust Investigation, Says FL AG
September 09, 2019

The Florida Attorney General Ashley Moody said the antitrust probes into Facebook don’t have any common case studies to draw from in deciding how to move forward, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...

Investments
Uber Freight To Invest $200M To Set Up Shop In Chicago
September 09, 2019

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. 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 our daily...

IPO
SoftBank Wants WeWork To Abandon IPO Plans
September 09, 2019

WeWork’s biggest outside shareholder wants the company to shelve plans for an initial public offering (IPO). 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 our daily...

Partnerships / Acquisitions
US Bank Buys Talech To Boost Digital Expertise
September 09, 2019

U.S. Bank announced that it has acquired talech, a software company that offers an integrated point-of-sale (POS) system for small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
California Senate Could Rule On Gig Economy Law This Week
September 09, 2019

As early as this week, California’s state Senate will take up a measure that could forever change the future of the gig economy, and firms like Uber and Lyft, in both the state and nationwide. The law in question is Assembly Bill 5, a measure...

Investments
Canada Pension Firm Invests $115M In SoftBank-Backed Indian Logistics Startup
September 09, 2019

The Canada Pension Plan Investment Board (CPPIB) invested $115 million in Indian logistics company Delhivery, according to reports. 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...

Investments
Visual Search Startup Syte Raises $21.5M In Series B Round
September 09, 2019

Syte, a Tel Aviv startup that is building technology to help retailers and digital platforms sell merchandise through visual search, has raised $21.5 million in a Series B funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock...

eCommerce
Shopify Poised To Become Second-Largest US eCommerce Company
September 09, 2019

The eCommerce brand Shopify is expected to pass eBay and become the second largest platform in the world in terms of sales volume behind Amazon, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...