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David Marcus quits Facebook

/people

David Marcus quits Facebook

David Marcus has quit as the boss of Facebook parent Meta's fintech unit after leading a frustrating effort to launch the Novi digital wallet and its associated stablecoin Diem.

Dorsey resigns from Twitter

/people

Dorsey resigns from Twitter

Jack Dorsey has resigned has CEO of Twitter, leaving him free to concentrate on leading his other company, payments giant Square.

Facebook fintech unit rebranded as Novi

/payments

Facebook fintech unit rebranded as Novi

As part of its Meta rebrand, Facebook has renamed its financial services and payments group from F2 to Novi.

Nydig acquires Bottlepay

/crypto

Nydig acquires Bottlepay

Bitcoin company Nydig has acquired social media-focused micropayments app Bottlepay.

PayPal says not currently looking to buy Pinterest

/payments

PayPal says not currently looking to buy Pinterest

PayPal's share price rose by four per cent on Monday after the firm said it is not pursuing an acquisition of social media firm Pinterest "at this time".

/startups

Denim Social closes $5 million Series B

Denim Social today announced it has completed a $5 million Series B round of financing with FINTOP Capital and partner, JAM FINTOP BankTech, an investment fund designed to help develop and accelerate technology adoption at community banks across the United States.

PayPal exploring $39bn Pinterest bid - Bloomberg

/payments

PayPal exploring $39bn Pinterest bid - Bloomberg

Pinterest shares jumped 11% on Wednesday in the wake of reports that PayPal is investigating a $39 million takeover of the social media company.

Commonstock raises $25m for social investing platform

/startups

Commonstock raises $25m for social investing platform

Commonstock, a social platform that is bidding to help retail investors separate the signal from the noise by letting users share their real-time portfolios, and then amplifying the best performers, has raised $25 million in a Serie A round led by Coatue.

/payments

Square teams with TikTok

Today, Square and TikTok announced a new integration that will make it easy for sellers of all types and sizes to reach new customers and grow their sales online.

Twitter lets users tip in bitcoin

/crypto

Twitter lets users tip in bitcoin

Twitter is rolling out its tipping feature to all users and letting some people tip their favourite tweeters using bitcoin.

/payments

Vibepay to offer account to account voice activated payments

VibePay, the company powering the next evolution of payments through Open Banking, has become the first to offer account to account voice activated payments in Europe.

Stripe powers Twitter's Super Follows paid subscription feature

/payments

Stripe powers Twitter's Super Follows paid subscription feature

Twitter has enlisted Stripe to power a new 'Super Follows' feature that lets people pay to subscribe to creator accounts for exclusive content.

/retail

Worldline backs EC's TruBlo project

Worldline [Euronext: WLN], the European leader in the payments and transactional services industry, is leading the TruBlo (Trusted Blockchain) project under the European Commission's "Next Generation Internet" initiative, which aims to provide researchers and companies with funding to develop innovative solutions based on Blockchain technology to address the issue of trust in social media content.

Klarna uses bus to educate Brits on influencer ads

/retail

Klarna uses bus to educate Brits on influencer ads

A week after buying an influencer marketing software firm, Klarna is sending a double decker bus to Manchester to "raise awareness" among the public about when they are seeing an advert on social media.

Stemming the tide of Social Engineering Scams with Behavioural Insights

/Social media

Stemming the tide of Social Engineering Scams with Behavioural Insights

223 downloads

Facebook Pay comes to third-party e-commerce sites

/payments

Facebook Pay comes to third-party e-commerce sites

Facebook Pay is extending its reach outside of the social media behemoth's own platform, enabling online merchants to add the service as a payment option directly on their own sites.

Misleading crypto ads to be targeted by UK watchdog

/crypto

Misleading crypto ads to be targeted by UK watchdog

The UK's Advertising Standards Authority (ASA) is set to issue a crackdown on misleading cryptocurrency advertisements.

/payments

Telkom launches Africa’s first virtual card for transacting on WhatsApp

Ukheshe, Mastercard, Nedbank and Telkom collaborate to grow access to the digital economy with virtual product that enables secure e-commerce payments on phone.

/crypto

Bottlepay enables sterling payments via Twitter

Bottlepay is the very first app to facilitate sterling or bitcoin payments via Twitter.

Coalition urges UK government to add scams to Online Safety Bill

/regulation

Coalition urges UK government to add scams to Online Safety Bill

UK Finance, Which?, and City of London Police are among a host of organisations to sign on to a letter calling for the government to include online scams in its new 'Online Safety' bill.

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