Kim Kardashian’s apparel brand Skims could soon be worth nearly $4 billion. The company is in the middle of a funding round that could help it reach that valuation ahead of an initial public offering (IPO) in the next six to 12 months, Women’s Wear Daily reported Wednesday (July...
Is the social media landscape too crowded? The winners of today’s attention economy don’t seem to think so. That’s why Meta, the parent company of social behemoth Facebook, last week (July 5) launched Threads — a Twitter competitor that was built by Meta’s Instagram product...
Diaper company DYPER has announced the upcoming launch of a credit card and rewards program. The new DYPER Card will provide parents with convenience, financial well-being and free diapers, the company said in a Wednesday (July 12) press release. “At DYPER, we strive to be at the forefront of...
Federal prosecutors have filed charges against a second former executive of college financial-planning startup Frank. They have indicted Olivier Amar, former chief growth officer of Frank, in connection with fraud related to JPMorgan Chase & Co.’s $175 million acquisition of the company, Bloomberg reported Wednesday...
Consumers overall may be increasing their digital engagement with grocers, but Gen Z is bucking the trend, pulling back. By the Numbers Additional research from the survey of nearly 2,500 U.S. consumers behind PYMNTS’ study last month, the “ConnectedEconomy™ Monthly Report: The Urban-Rural Health Divide...
Ryder System has introduced a service that offers businesses and fleet owners access to retail mobile maintenance with no long-term contracts. With the new service, Torque by Ryder, customers can schedule, receive, track and pay for services via their desktop or mobile device and have the services...
Car IQ Inc. and Visa Inc. have teamed up for in-car transactions with merchants. The collaboration will bring Car IQ’s wallet, Car IQ Pay, along with their powerful technology into Visa’s global influencing network to enable vehicles to manage their own payment accounts and transact...
SoftBank may be heading stateside to list its PayPay payments business following news that it is considering a U.S. listing. The potential listing is driven by New York’s greater potential of higher valuations for tech companies in comparison to Tokyo, but the timing of such a move is not known,...
Artificial intelligence (AI) doomerism is having a moment. It’s less “I Robot,” and more “humanity is going extinct.” If the industry’s negative hype men are to be believed, there’s a non-zero chance that misuse of AI could lead to the end of humanity in just a handful...
