Feed Items
Affirm’s fiscal second quarter illustrated how buy now, pay later is becoming embedded in routine commerce, where paying over time was once reserved for occasional large purchases.
The company said Thursday (Feb. 5) that gross merchandise volume (GMV) increased 36% year over year to $13.8 billion, while revenue climbed 30% to $1.1 billion. Network growth continued to broaden, with...
The gaming platform Roblox has been there as its over 100 million active users grew up.
Now, the company wants to grow up, too. On Roblox’s fourth-quarter and full-year 2025 earnings call Thursday (Feb. 5), executives stressed to investors that the youth gaming platform is now maturing into something more durable: a scaled, cash-generating infrastructure for human co-experience, with...
A consumer advocacy group said that potential changes to the Consumer Financial Protection Bureau’s complaint system could make it harder for people to file complaints about credit reporting companies, debt collectors, banks and other businesses.
The National Consumer Law Center said in a Friday (Jan. 30) press release that a notice on the Federal Register filed that day by the CFPB...
Apparel, accessories and cosmetics companies are focusing on higher-income consumers, Reuters reported Thursday (Feb. 5).
Companies targeting these consumers with stepped-up ad campaigns and premium products, according to the report.
Among them are Estée Lauder, which introduced new luxury price tiers and increased its marketing; Ralph Lauren, which increased its brand-building efforts...
Meta is considering making its artificial intelligence-powered short-form video feed Vibes a standalone app, TechCrunch reported Thursday (Feb. 5).
The company is testing an app and positioning it as a direct competitor to OpenAI’s Sora app, according to the report.
Meta told TechCrunch that the use of Vibes within Meta AI has been growing steadily and that the company aims to build on...
ClassPass is using artificial intelligence (AI) to absorb a growing share of customer support work as inquiry volumes rise, shifting its operation to a chat-first, 24/7 model and reorganizing how agents work. The fitness subscription platform says the changes have allowed it to increase service availability and handle higher volumes without increasing customer experience costs at the same pace as...
B2B payments innovation tends to scale in lockstep with supplier acceptance.
For years, that dynamic slowed the progress of corporate back offices. Buyers were reluctant to push new payment methods if suppliers couldn’t or wouldn’t accept them. Suppliers, in turn, had little incentive to modernize if checks still arrived reliably in the mail. The result was a self-reinforcing...
Artificial intelligence (AI) company Fundamental has teamed with Amazon and raised $255 million.
The company, which has developed a “large tabular model” (LTM) to glean predictions from enterprise data, said Thursday (Feb. 5) it will use the funding to scale compute, expand enterprise deployments, and add to its research, engineering, and go-to-market teams.
“Enterprises have...
Prediction market platform Kalshi’s mobile app was downloaded more times in January than sports-betting apps DraftKings Sportsbook or FanDuel Sportsbook have been downloaded in any month, Apptopia said in a Tuesday (Feb. 3) blog post.
The Kalshi app was downloaded more than 3 million times in the United States in January, according to the post.
“Kalshi is legal in all 50 states even...
Mastercard has launched a cybersecurity partnership with the United Arab Emirates (UAE).
The collaboration will see Mastercard and the UAE Cyber Security Council (CSC) collaborate on best practices and develop “forward‑looking cybersecurity policies,” while also launching a report on the state of the UAE cybersecurity landscape, the payments giant said in its announcement Thursday (Feb...