The business models that have promised to be disruptors are, in some cases, themselves being disrupted. 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...
On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to a Friday (Sept. 3) Bloomberg report. Get the Full Story Complete the form to unlock...
Facebook’s WhatsApp was slapped with a record $267 million (€225 million) fine by Ireland’s Data Protection Commission (DPC) for violating the European Union’s (EU) data privacy regulations, CNBC and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form to...
Unfair market practices are at the center of a new crackdown on ride-hailing companies in China, with the country’s Ministry of Transport and other watchdogs ordering 11 app-driven platforms to halt unfair practices, the Associated Press and other news outlets reported on Thursday (Sept. 2)....
TikTok parent ByteDance is curtailing its FinTech operations and selling off its stock brokerage business as Chinese regulators continue to wield power over companies that offer financial services, Reuters and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form...
The $2.1 trillion cryptocurrency trading space has grown so large so fast that it’s too big to survive without regulatory oversight, Securities and Exchange Commission (SEC) Chairman Gary Gensler told the Financial Times on Wednesday (Sept. 1). Get the Full Story Complete the form to...
More than 600 companies, groups and associations spend 97 million euros ($114 million) each year lobbying the European Union regarding online economy regulations, according to Reuters. Of those lobbying efforts, three companies — Google, Facebook and Microsoft — account for approximately 17 percent, or 16.5...
Shares of Robinhood fell on Tuesday (Aug. 31) after the Securities and Exchange Commission (SEC) Chairman Gary Gensler indicated that he is mulling a full ban of payment for order flow, a method that yields the majority of the online trading platform’s revenue, according to...
China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. 30) that it plans to beef up its supervision of the country’s peer-to-peer (P2P) sharing economy, in which consumers share goods and services through an online platform. Get the Full Story Complete the form...
