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Affirm Sees ‘Tepid’ Demand for Discretionary Goods

Affirm Sees ‘Tepid’ Demand for Discretionary Goods
Affirm Sees ‘Tepid’ Demand for Discretionary Goods
May 09, 2023  |  Earnings

Affirm Holdings’ latest quarterly results showed double-digit gains in gross merchandise value (GMV), but a pullback in consumer spending in some categories and higher funding...

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Goldman and Microsoft to Test Blockchain’s Future in Financial Services
Goldman and Microsoft to Test Blockchain’s Future in Financial Services
May 09, 2023  |  Cryptocurrency

Several firms are banding together to leverage blockchain — and distributed ledger technology — to transform financial markets. The roster includes Goldman Sachs Group Inc,...

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PayPal Buy Now, Pay Later Grabs $6B of Payment Volumes, Up 70%
PayPal Buy Now, Pay Later Grabs $6B of Payment Volumes, Up 70%
May 08, 2023  |  Earnings

PayPal’s latest earnings results show users are transacting more often, and buy now, pay later is increasingly embraced at checkout. The company’s earnings materials show...

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Sweetgreen Says Subscriptions Only Effective if They Reach Beyond Superfans 
Sweetgreen Says Subscriptions Only Effective if They Reach Beyond Superfans 
May 08, 2023  |  Subscriptions

As restaurants look to subscription commerce to drive loyalty, fast-casual salad and bowl chain Sweetgreen notes that the model is only effective if it can...

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DraftKings Blows Past Q1 Revenue Record as More States Legalize Online Wagering
DraftKings Blows Past Q1 Revenue Record as More States Legalize Online Wagering
May 05, 2023  |  Earnings

Virtual sports betting is looking like a sure thing as DraftKings delivered a strong start to the year with more states legalizing online sportsbook (OSB)...

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Block’s Cash App Hits 53 Million Monthly Active Users, Direct Deposits up 69%
Block’s Cash App Hits 53 Million Monthly Active Users, Direct Deposits up 69%
May 05, 2023  |  Mobile Payments

Block, the parent company of Square, posted earnings results illustrating the evolution of a financial services ecosystem — with Cash App at the center. A...

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First Republic Deal Beefs Up JPMorgan’s Affluent Customer Ecosystem
First Republic Deal Beefs Up JPMorgan’s Affluent Customer Ecosystem
May 01, 2023  |  Banking

With a bit of government help and snapping up First Republic Bank, JPMorgan Chase continues to build out its network, crafting an ecosystem that now...

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Meta Says Generative AI and the Metaverse Will Evolve Together
Meta Says Generative AI and the Metaverse Will Evolve Together
April 26, 2023  |  Earnings

While its Reality Labs unit continues hemorrhaging money, Meta is far from giving up on the metaverse, even as it pursues other less visionary projects...

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