Internet
Crypto poses a threat to the safety of global payment systems, fintech boss warns
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images AMSTERDAM — The boss of Goldman Sachs-backed digital bank Starling has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. “It is very dangerous,” Anne Boden, who founded Starling in 2014, warned Tuesday […]
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Stripe co-founder hits back at rivals accusing the company of unfair competition
John Collison, president and co-founder of Stripe. Christophe Morin | IP3 | Getty Images AMSTERDAM — The co-founder of $95 billion fintech giant Stripe defended the company’s business practices after complaints from rivals that it engages in unfair competition. John Collison, Stripe’s president, said Tuesday he is “pretty unapologetic” about the company’s decisions to launch […]
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Ben & Jerry’s galvanizes customers to lobby for tighter gun laws after Texas, New York mass shootings
Ice cream giant Ben & Jerry’s is galvanizing its millions of customers in a new lobbying push for tougher gun safety measures after last month’s mass shootings in Uvalde, Texas, and Buffalo, New York. Christopher Miller, the head of global activism at the ice cream company, told CNBC in an interview that the company has […]
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OnlyFans says it’s not seeing a Netflix-like slowdown in subscribers despite rising inflation
In this photo illustration, the OnlyFans logo is displayed on a smartphone. Sheldon Cooper | SOPA Images | LightRocket via Getty Images AMSTERDAM — OnlyFans is not experiencing a slowdown in subscribers like Netflix even as people grapple with rising prices, executives at the company said Tuesday. “We’re not experiencing that slowdown,” Keily Blair, OnlyFans’ […]
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$40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push
The logo for payments start-up Checkout.com. Checkout.com AMSTERDAM — Online payments company Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins, making it the last major financial services firm taking the plunge into crypto. The start-up, which competes with the likes of PayPal and Stripe, said Tuesday it is launching a feature […]
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Amazon sellers reject efforts by an executive to rally their opposition to Big Tech antitrust bill
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is so concerned about potential antitrust reforms swirling through Congress that a senior executive recently tried lobbying third-party sellers on an online forum that […]
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Chinese ride-hailing giant Didi surges 50% after report that regulators are ending probes
Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing giant Didi surged more than 50% in pre-market trade in the U.S. on Monday after the Wall Street Journal reported that regulators are concluding investigations into the company. The WSJ report said authorities would lift a ban on Didi adding new users as early […]
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Crypto enthusiasts want to remake the internet with ‘Web3.’ Here’s what that means
Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed? Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made […]
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New York lawmakers pass bill limiting Amazon’s use of worker productivity quotas in warehouses
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images New York state lawmakers on Friday approved a bill targeting Amazon’s use of productivity quotas in warehouses, the latest sign that public […]
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Amazon to shut down Kindle store in China
Amazon Kindle Getty Images Amazon will shut its Kindle ebook store in China next year, marking the latest retreat by a U.S. tech giant in the market. Kindle users in China will no longer be able to purchase new books after the ebook shop closes on June 30, 2023, Amazon announced on its Weibo account […]
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