Wirecard, the German financial company, and Japan’s SoftBank Group announced Wednesday (April 24) a deal in which SoftBank will invest about EUR 900 million in Wirecard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Two Russian Federal Security Service (FSB) agents have been charged for their alleged involvement in a bitcoin extortion scam. 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...
Zoom has surpassed Lyft as the most valuable of all the tech companies to go public this year. The milestone comes after just three days of trading for Zoom, which surged 5 percent on Tuesday (April 23) to close trading with a market capitalization of $17.7...
The RealReal, an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 billion. A Delaware stock authorization filing was discovered by the Prime Unicorn Index. However, there is no...
The news out of Chipotle feels a bit like déjà vu, as it’s a story we’ve all heard before. Reports have appeared all over social media, particularly via Reddit and Twitter, about Chipotle user accounts being pirated, with hundreds of dollars’ worth of food ordered...
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Wells Fargo‘s interim CEO faced critics at the company’s annual meeting in Dallas. C. Allen Parker was interrupted more than a dozen times during his opening remarks, with hecklers shouting “frauds” and “criminals” as he tried to speak. “Wells Fargo, you cannot be trusted,” one...
Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average, 2.24 percent interest rate. Now, because of the company’s billion-dollar achievement, Wealthfront is raising the interest rates to 2.29 percent. “Once...
The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
