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. Monzo, a loss-making firm launched in 2015, has burned through...
Losses widened this past year for OYO Homes & Hotels, as the SoftBank-backed company tried to expand into China, according to Reuters. The losses the company reported were increased sixfold since March 2019. This comes after recent news about OYO having to lay off around...
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...
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. Rohit Kapoor, the new CEO for...
February 27, 2020
Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 billion, and phishing attacks now comprise 30% of all fraud attempts. Businesses of all kinds suffer from the pervasiveness of fraud, […]
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...
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. Monzo, a loss-making firm launched in 2015, has burned through cash in its attempt to grow and eventually launch in […]
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. The losses the company reported were increased sixfold...
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...
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...
