Facebook sent a shot across the bow of Apple last week. The company remarked that it hopes the latest European Union draft rules on reigning in powers of tech giants sets limits for that company, according to a Reuters report. Facebook reportedly commented on the draft Digital Markets Act in [...]
Luxury brand Gucci announced a partnership with online consignment shop The RealReal to address the demand for secondhand luxury products. The partnership involves The RealReal adding a designated portal on its website for products supplied by Gucci itself, in addition to Gucci products consigned by The RealReal’s customers. The move [...]
Fintech Acquisitions Focus of Payment Companies Visa and Mastercard Top payment companies Visa and Mastercard both made major fintech acquisitions in 2020. These fintech acquisitions are a sign that traditional financial institutions are embracing the need for technology-focused payment solutions. Visa’s Acquisition of Plaid Visa announced it is acquiring [...]
Qumulo Reaches Unicorn Status Amid Demand for Cloud Data Storage Cloud data startup Qumulo raised $125 million in its latest Series E round, putting it in unicorn territory at a $1.2 billion valuation. Led by BlackRock and backed by Kleiner Perkins, Highland Capital Partners, Madrona Venture Group and Amity [...]
Installment Payment Providers See Strong Activity Despite COVID-19 Installment payment providers have gained a significant hold in the US market in the past year-and-a-half. Some of this traction has been a result of the COVID-19 pandemic, which has created uniquely favorable conditions for accelerated growth. Experts believe that the [...]
