April 10, 2023
Consumer-Focused Investments Land Jay-Z on Forbes’ 2023 Billionaires List
Hip-hop artists Jay-Z has made it onto Forbes’ 2023 Billionaires List thanks to his savvy investments in a range of consumer-focused industries. According to Forbes, Jay-Z’s current net worth is...
March 30, 2023
This Time Around, Amazon’s Restaurant Strategy May Be Easier to...
The old saying in hockey is to skate to where the puck is going to be. The old maxim in business and in life: If at first you don’t succeed,...
March 29, 2023
Billions of People and Trillions of Transactions Define the PayFac...
Forging a 21st century commerce ecosystem on a global scale means changing consumer behavior, and merchant mindsets, particularly in markets where digital remains a small fraction of how consumers and...
March 28, 2023
Lyft’s CEO Shakeup Hints at Need to Think More Like...
Lyft could use a lift. At this writing, the company’s shares are trading at a bit over $9.60, well off recent peaks of more than $17. The fact that the...
March 28, 2023
Alibaba Divides Kingdom Into Six Pieces
Alibaba Group is splitting into six pieces with plans to take these new businesses public. The Chinese eCommerce company said Tuesday (March 28) it was undergoing the biggest revamp in...
March 27, 2023
Consumer Pullback Threatens Paycheck-to-Paycheck Gig Economy Lifelines
Tips and informal, ad hoc work are the mainstays of the gig economy. PYMNTS’ latest report on paycheck-to-paycheck consumers, done in collaboration with LendingClub, found that, overall, consumers are boosting their...
March 27, 2023
How Facebook Turned the Metaverse Into a Buzzword
It all started with a cat and a baby. In 1959, neurophysiologists David Hubel and Torsten Wiesel conducted an experiment on an anesthetized cat to better understand the interactions between...
March 20, 2023
Rideshare Execs Question Biden’s Nominee For The Department Of Labor...
Rideshare and delivery companies are looking to the Biden administration’s Department of Labor nominee to clarify her stance on a forthcoming worker-classification rule that could expand workers’ rights. On Monday,...
March 14, 2023
Court Rules Uber and Lyft Drivers Are Contractors
Uber and Lyft have landed a victory in their battle to treat drivers as contractors. In a ruling issued Monday (Mar. 13), California’s 1st District Court of Appeals said that...