Financial Loss news and trends

Monzo Hopes For Profit, New Digital Accounts And Hires
Digital Banking // February 17, 2020

British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also preparing to try charging customers again to turn a profit. Get the Full Story Complete the form to unlock this...

India’s OYO: China Expansion Came At Great Cost
Earnings // February 17, 2020

Losses widened this past year for OYO Homes & Hotels, as the SoftBank-backed company tried to expand into China, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Grubhub Pays The Price Of Keeping Its Customers
Earnings // February 06, 2020

The year 2020 is off to a rocky start for food delivery platform Grubhub. Shortly after the new year began, rumors started circulating that Grubhub — facing increasingly stiff competition in a crowded food delivery service market — was actively seeking a buyer, as it...

OYO Cuts Hotel Locations, Staffing After Quick Growth
International // February 03, 2020

India-based hotel group OYO is slowing its ambitions to be the world’s largest chain within the next three years, following a backlash from investors and growing losses. This comes after a period of rapid growth — now cut short. Get the Full Story Complete the...

Interviews & Exclusives
How Dropbox Fights Fraud

February 27, 2020
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 newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if […]

Grubhub Pays The Price Of Keeping Its Customers

February 06, 2020
The year 2020 is off to a rocky start for food delivery platform Grubhub. Shortly after the new year began, rumors started circulating that Grubhub — facing increasingly stiff competition...

Quick Reads
Monzo Hopes For Profit, New Digital Accounts And Hires

February 17, 2020
British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also preparing to try charging customers again to turn a profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]

India’s OYO: China Expansion Came At Great Cost

February 17, 2020
Losses widened this past year for OYO Homes & Hotels, as the SoftBank-backed company tried to expand into China, according to Reuters. Get the Full Story Complete the form to...

OYO Cuts Hotel Locations, Staffing After Quick Growth

February 03, 2020
India-based hotel group OYO is slowing its ambitions to be the world’s largest chain within the next three years, following a backlash from investors and growing losses. This comes after...

Pier 1 To Close Nearly Half Its Stores On Big Q3 Loss

January 07, 2020
Pier 1 said on Monday (Jan. 6) that it intends to close nearly half of its 942 locations, according to CNBC, fueling rumors of bankruptcy as the company releases its...