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A new court filing accuses Skillz Inc. — a struggling mobile gaming company — of trying to sabotage its rivals by creating a fake consumer advocacy website. The allegations were made in a counterclaim filed to court Monday by one of those competitors, Papaya Games. A screenshot of the 4 Fair Play website, included in a Papaya Games court filing, shows that Skillz's competitors were identified as the worst offenders — not Skillz itself. A Skillz executive provided comments on the 4 Fair Play website design, according to screenshots of a website mockup included as a court exhibit. But it said in Monday's counterclaim that Skillz games, however, do use bots.
Persons: , Skillz, 4fairplay.org wasn't, Cash, Papaya's, Josh Levin, Levin Organizations: Service, Skillz Inc, Business, Avia, Straits Research, Apple, Bloomberg News, Skillz
JPMorgan acquired OpenInvest in 2021 to meet client demand for sustainable investing. OpenInvest, a sustainable-investing robo-advisor, has spent the past 13 months integrating into JPMorgan following the bank's acquisition of the startup in August 2021. Josh Levin, OpenInvest cofounder and chief strategy officer, told Insider clients are able to view things like how much carbon or tobacco the client has avoided funding. OpenInvest is helping JPMorgan work with other fintechsMurray and Levin told Insider that JPMorgan's acquisition represents more than an opportunity to upgrade the bank's sustainable investing offering. And so, we're gonna be looking to work more readily with fintechs in the future," Murray told Insider.
OpenInvest, a sustainable-investing robo-advisor, has spent the past 13 months integrating into JPMorgan following the bank's acquisition of the startup in August 2021. Such products would include ESG and values-aligned investment strategies for JPMorgan financial advisors, along with proxy voting and philanthropic giving. Josh Levin, OpenInvest cofounder and chief strategy officer, told Insider clients are able to view things like how much carbon or tobacco the client has avoided funding. OpenInvest is helping JPMorgan work with other fintechsMurray and Levin told Insider that JPMorgan's acquisition represents more than an opportunity to upgrade the bank's sustainable investing offering. And so, we're gonna be looking to work more readily with fintechs in the future," Murray told Insider.
One of those acquisitions was OpenInvest, a deal JPMorgan announced last June and completed months later in August. But I think that JPMorgan, and maybe others in the space, have learned 'how do we maintain that special sauce," said Levin. Here's three things the OpenInvest cofounders have learned since last year about how best to transition into a bigger organization. Though it's still in the middle of its integration, OpenInvest has already begun to roll out fund reporting to the bank's wealth management businesses. All of those deals seem to have helped the bank streamline certain parts of integration, Murray said.
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