Mobile

Regulation

FTC Says Fintech Startup Beam Misled Consumers

Beam allegedly made false promises to users of its app that it would provide them with 24/7 access to their funds and substantial interest rates.

Matthew Heller
November 19, 2020
Mobile

PayPal Posts Record Sales on E-Commerce Boom

“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
Mobile

Nio Trades Down After Upsized Equity Offering Prices at Discount

With the offering, the Chinese electric vehicle company expects its cash reserves to exceed $2.9 billion.
Mobile

Take-Two Acquires Playdots for $192M

Playdots has made three popular games—Dots, Two Dots, and Dots & Co.—that have been downloaded more than 100 million times.
Mobile

Facebook Preparing To Launch TikTok Rival In U.S., 50 Other Markets

Instagram Reels launched in parts of Europe in June and is set to hit the U.S., Japan, the U.K., and Mexico next month.
Mobile

EU Launches Probes of App Store, Apple Pay

The European Commission will look into the two Apple services to determine whether they stifle competition.
Mobile

Instacart Worth $14B After Latest Financing Round

The COVID-19 pandemic created a "massive shift" in the grocery industry space, Instacart says.
Mobile

Trump Signs Executive Orders to Ban TikTok, WeChat

The bans are set to take effect in 45 days unless the parent firms agree to sell the apps.
Mobile

Smartphone Market Seen Falling 11.9% in 2020

"What started as a supply-side crisis has evolved into a global demand-side problem."
Mobile

How Cannabis Cultivator Grassroots Upped Its Digital Game When States Shut Down

Grassroots had to pivot almost overnight when shelter-in-place mandates were ordered.
Mobile

Apple iPhone Sales Spike in China

“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
Mobile

Five Best Practices for Today’s Stay-at-Home Workforce

Many firms, for a variety of reasons, have been slower to embrace advances in technology to support a nonoffice dwelling staff — until now.
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