February 07, 2024
Ant Group Profit Drops 92% Amid Economic Downturn, Regulatory Scrutiny
Ant Group reportedly saw a 92% decline in its quarterly profit. The FinTech company continues to face challenges in reviving its business amid an economic downturn and regulatory scrutiny, Bloomberg...
February 06, 2024
Chipotle Taps Targeted Upselling as Restaurants Compete to Personalize the...
Chipotle Mexican Grill is targeting its messaging based on digital data from its loyalty members, as across the restaurant industry, leading players are competing to offer the most personalized experience. ...
February 06, 2024
Hertz Weighs Layoffs Amid Pivot Away from EVs
Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adjusted $1.36...
February 06, 2024
WeWork Co-Founder Hopes to Buy Back Bankrupt Company
The founder of bankrupt co-working startup WeWork reportedly hopes to buy back the company. Adam Neumann and other investors have been trying to get information from the company since late last year...
February 05, 2024
Report: Reddit Achieved Profitability in Q4, Could Soon Unveil IPO
Reddit is reportedly preparing for a potential initial public offering (IPO) in the United States. The social media company and its advisers are expected to unveil the public IPO filing as...
February 05, 2024
National Bank of Romania Warns Consumers About Deepfake Videos
Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. The video, which utilized Isarescu’s image and voice, portrayed...
February 05, 2024
Nium Looks to Expand in India With Payment Licenses
Nium has received new payments licenses in India as it looks to expand in that country. The Singapore-based real-time payments FinTech announced Monday (Feb. 5) that it had gotten principle approval from the...
February 04, 2024
IPO Market Recovery Could ‘Take Some Time’
So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and Wall Street had hoped this...
February 04, 2024
South Korea’s KFTC Faces Backlash as Court Nullifies Punitive Measures
South Korea’s Fair Trade Commission (KFTC) is grappling with criticism as courts nullify punitive measures taken against companies under the previous Moon Jae-in administration. The backlash intensifies as industry officials...