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Facebook Messenger Head Is Latest at Social Media Giant to Quit
Facebook Messenger Head Is Latest at Social Media Giant to Quit
December 07, 2021  |  Personnel

Facebook continues to lose its executives. This time it’s Stan Chudnovsky, head of the company’s Messenger division, who will be leaving next year, CNBC reported....

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FinCEN Proposes Rule to Fight Illicit Finance, Boost Corporate Transparency
FinCEN Proposes Rule to Fight Illicit Finance, Boost Corporate Transparency
December 07, 2021  |  Regulation

The Financial Crimes Enforcement Network (FinCEN) handed down a Notice of Proposed Rulemaking to “implement the beneficial ownership information reporting provisions of the Corporate Transparency...

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Volkswagen Considering Taking Porsche Public
Volkswagen Considering Taking Porsche Public
December 07, 2021  |  IPO

Volkswagen is exploring a possible initial public offering (IPO) of luxury brand Porsche AG as an option to pay for its pricey transition to a...

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Stellantis Targets $22.5B in New Software by 2030
Stellantis Targets $22.5B in New Software by 2030
December 07, 2021  |  Commerce Connected

Automaker Stellantis expects threefold increases in its connected vehicles — featuring GPS, infotaintment systems, driver assistance capabilities and other tech — from 12 million today...

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Brazil IPOs Have Stalled Since September
Brazil IPOs Have Stalled Since September
December 07, 2021  |  IPO

Rising interest rates, a stalling economy and floundering equity markets have led to dozens of Brazilian companies pulling the plug on their plans to go...

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Incode Moves to Unicorn Status with $220M in Series B Funding
Incode Moves to Unicorn Status with $220M in Series B Funding
December 07, 2021  |  Investments

Identity verification and authentication platform Incode has generated $220 million in its Series B funding round, pushing the company’s valuation to $1.25 billion and propelling...

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Payment Rails Raises $7M, Rebrands as Trolley
Payment Rails Raises $7M, Rebrands as Trolley
December 07, 2021  |  Startups

FinTech startup Payment Rails is rebranding as Trolley while closing a $7 million Series A funding round led by Pace Capital, with Pace partner Chris...

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Jumio Acquiring 4Stop to Advance Identity Orchestration
Jumio Acquiring 4Stop to Advance Identity Orchestration
December 07, 2021  |  Partnerships / Acquisitions

Artificial intelligence (AI) identity verification startup Jumio is acquiring global KYC (know your customer) and fraud prevention firm 4Stop, its current strategic partner, for undisclosed...

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NFTs Show Strong Growth in Retail Segment for 2021  
NFTs Show Strong Growth in Retail Segment for 2021  
December 07, 2021  |  NFTs

The majority of nonfungible token (NFT) purchases in the first 10 months of 2021 have been valued at less than $10,000, categorizing them as “retail”...

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