FIS announced plans to spin-off Merchant Solutions Worldpay but would continue to maintain a strong commercial relationship with the company they acquired in 2019.
Industry Announcements
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Last week, Marquee Brands announced that it has acquired a majority stake in America’s Test Kitchen.
Google and Alphabet announced it would layoff 12,000 employees, with some layoffs effective immediately.
Snapchat+ adds customization and gift subscriptions, Vice Media suffers $100M revenue loss, Instacart offers discounted membership for SNAP participants.
Will Elon Musk step down as CEO? Why did he ban – and then unban – journalists and social media platforms?
This week Verizon launched +play beta, a new web-based content hub to buy select subscription services.
Wine club membership company Winc filed for Chapter 11 bankruptcy. In business for 10+ years, the company never turned a profit.
This week in Five on Friday, platforms are wrapping things up. Spotify brought back Wrapped, and gave us their own Wrapped as well! Twitter
Amazon reports the five-day Thanksgiving weekend generated the biggest holiday shopping weekend ever.
Ravin Checker, founder and CEO of xfactrs, announced the launch of a new AI-based decision intelligence platform.
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