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☆ Klarna, Europe's $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
▼ + stars: | 2023-11-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing. A Klarna spokesperson confirmed to CNBC that the Stockholm-based business, which lets shoppers defer payments over a period of instalments, has begun a legal entity restructuring to set up the holding company. "Klarna Holding will continue to be the regulated financial holding company under the direct supervision of the SFSA and we will continue to hold a Swedish banking license." It differs from these competitors in its flexible payment plans, known as buy now, pay later. WATCH: Klarna's buy now pay later losses are 30% below industry standard, says CEO Sebastian Siemiatkowski

Persons: Klarna, hasn't, Sebastian Siemiatkowski Organizations: CNBC, Heartland, PayPal, Sequoia Locations: Stockholm, Sequoia, Swedish, Silver, Britain, Sweden

☆ This 66-year-old has worked at McDonald's for 50 years: ‘I never thought it would be my forever job’
▼ + stars: | 2023-11-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

In the 1970s, the coolest job you could have was flipping burgers at McDonald's. "Believe it or not, you needed to have an in to get a job at McDonald's back then, so my brother, who was working in the kitchen, recommended me for the job," Hendel, 66, tells CNBC Make It. "I never thought it would be my forever job," says Hendel. And he goes, 'Do you think you're good at it?' In 1990, Hendel became the owner/operator of his first McDonald's restaurant in Brooklyn.

Persons: Paul Hendel, Hank, Hendel, Merrick McDonald's, McDonald's, Peter Hunt, Paul, I'm, It's, I've, Lauren, Mark Organizations: CNBC, C.W, Post University, Long Island University, McDonald's Locations: Merrick , New York, Long, McDonald's, Long Island, Brooklyn, Queens, Manhattan, Glen Cove, Nassau County, Oceanside , New York, Hunt

☆ I quit Amazon after 2 months. The job was as stressful as I'd read about.
▼ + stars: | 2023-10-30 | by ( Aria Yang | ) www.businessinsider.com time to read: +10 min

He said deadlines at Amazon were aggressive and that he felt he wasn't allowed to ask questions. We didn't have a lot of money, and I always believed that I needed a high-paying job to support my family. I was really happy I landed a job at Amazon right after graduation and felt a huge weight lift from my shoulders. I just wish I had known sooner that what happened while I was at Amazon didn't define me or my capabilities. AdvertisementAdvertisementIf you recently quit your big tech job and want to share your story, email Aria Yang at ayang@insider.com.

Persons: Navdeep Singh, Singh, —, didn't, I'd, I'm, Aria Yang Organizations: Amazon, Service, Washington State University, Google, YouTube Locations: Seattle, Reddit, ayang@insider.com

☆ Inside Citadel Securities' six-week-long training for newbie traders, where playing poker and learning to fail are part of the job
▼ + stars: | 2023-10-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

Citadel, a hedge fund, and Citadel Securities, its sister market-making firm, were founded by billionaire Ken Griffin in 1990 and 2002. This work-hard, play-hard culture is evident in the firms' training of new employees, including its most junior ranks. They also had a Q&A with Peng Zhao, the CEO of Citadel Securities, who touched on how to prioritize time and find ways to be a leader, among other topics. The training program hasn't always been quite this involved. Fan lives in New York and will be based in Citadel Securities' Manhattan office.

Persons: onboarding, Ken Griffin, Griffin, Pete Becker, PATRICK T, FALLON, Peng Zhao, hasn't, It's Becker's, Becker, Joe DeNotta, Olivia Fan, Olivia, DeNotta, would've, It's, Pete, Andrew, We'll, We've, They're, Fan Organizations: Citadel Securities, Disney, Citadel, New York Stock Exchange, Getty, Harvard, MIT Locations: Midtown, New York, Manhattan

☆ NatWest admits 'serious failings' in Nigel Farage incident; shares slide after earnings
▼ + stars: | 2023-10-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012. Simon Dawson | Bloomberg | Getty ImagesTrading in NatWest shares was briefly suspended on Friday morning as the stock slid after a combination of lacklustre earnings and regulators flagging possible rule-breaking in a highly mediatized case. NatWest CEO Alison Rose then admitted to discussing Farage's bank account with a BBC reporter, supplying information that was used in a story and later proved to be inaccurate. Alison Rose, NatWest chief executive, (right) departs 10 Downing Street in London, after meeting with Chancellor Jeremy Hunt. NatWest Group Chairman Howard Davies said the report "sets out a number of serious failings in the treatment of Mr Farage."

Persons: Simon Dawson, Coutts, Nigel Farage, Farage, Alison Rose, Chancellor Jeremy Hunt, James Manning, Howard Davies, Mr Farage, Davies Organizations: NatWest, RBS, Bloomberg, Getty, Trading, Authority, NatWest Group, BBC Locations: London

☆ Onboarding is crucial for small-business employee retention and satisfaction — here are 3 ways to support hires from day one
▼ + stars: | 2023-10-12 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Two founders share how to set up an onboarding process for success and retention. The human-resources firm Red Clover's onboarding process lasts 90 days. A poor onboarding process can leave employees feeling undertrained and undervalued, and some may quit as a result. Here are three ways to ensure your onboarding process is set up for employee success and retention. Since making onboarding more employee-centric, the company's retention rate has increased 70%, and everyone it's hired has shown up for their second day, Webster said.

Persons: —, Jen L'Estrange, L'Estrange, onboarding, Amanda Webster, Webster, that's, it's, Red Clover, they're, Clover Organizations: Service, Fund, —, they'll Locations: New Jersey, Florida

☆ TransactionLink, a fintech startup founded by a former Visa and N26 employee, raised $5.3 million in new funding using this 10-slide pitch deck
▼ + stars: | 2023-10-11 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

TransactionLink, a company founded by a former Visa and N26 staffer, has raised $5.3 million. Founded in 2020, the startup provides automation tools for companies to do new customer onboarding. TransactionLink, a startup that helps businesses automate their customer onboarding, has raised $5.3 million in venture capital funding, the company said Wednesday. Founded in 2020, the Berlin and London-based company provides no-code automation tools for companies to do new customer onboarding and know your customer, or KYC, checks. The startup, founded by former Visa and N26 staffer Mateusz Pniewski, makes it easier for businesses to create complex workflows for new customer onboarding, helping to reduce the cost of requiring a large operations team for similar tasks.

Persons: Mateusz Pniewski Organizations: Visa Locations: Berlin, London

☆ 2 General Catalyst health-data startups are joining forces to create a $6 billion AI colossus and lay the groundwork for an IPO
▼ + stars: | 2023-10-09 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

The General Catalyst-backed startups Commure and Athelas are merging in a deal to bring more artificial-intelligence tech to hospitals and health systems. The new company, which is keeping the name Commure, plans to stack Athelas' software on top of Commure's data platform for health systems. General Catalyst is investing $70 million in the new firm at a $6 billion valuation, and Tanay Tandon, the founder and CEO of Athelas, will lead the combined company. Commure will consider companies making those tools in a range of categories, including credentialing, contracting, and patient engagement, he said. The company has about 100 open positions, Tandon said, and expects to hire hundreds more people in 2024.

Persons: Tanay Tandon, Hemant Taneja, Tandon, Commure, Catalyst, Athelas Organizations: Catalyst, General

☆ I quit my $370K job at Meta after having panic attacks and hitting the lowest point of my life. I just knew the job wasn't right for me.
▼ + stars: | 2023-10-09 | by ( Aria Yang | ) www.businessinsider.com time to read: +10 min

Eric Yu is a former software engineer at Meta who experienced panic attacks due to work pressure. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Eric Yu, a 28-year-old former software engineer at Meta. We decided we needed exit plans, because neither of us wanted to work in tech for that much longer. I even set a personal goal to quit Meta once I was making $10,000 a month from real estate. If you left your big tech job and would like to share your story, email Aria Yang at ayang@insider.com.

Persons: Eric Yu, —, Wanda, Eric Yu I, pinky, Meta, I've, there's, learnings, Eric, Wanda brainstormed, Aria Yang Organizations: Meta, Service, Google, Facebook Locations: San Francisco, Redding , California, ayang@insider.com

☆ I thought I landed my dream job at Amazon. But after being put on an impossible performance plan, I quit even though I lost a $110,000 deposit on a house.
▼ + stars: | 2023-10-08 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

It was going to really take me to that next level and lead me to my dream job. So I was like, "Wow, I'm going to work for Amazon. I'm going to put you into a Pivot program." Well of course I'm going to leave because I'm not that stupid. I lost $110,000 that there's no way I'm going to get back.

Persons: —, I'm, TAMs, we're, he'd, wasn't, I've, Slack, I'd, that's Organizations: Amazon, Service, Amazon Web Services, LinkedIn, TAM

☆ Alibaba's Lazada is courting sellers affected by Indonesia's e-commerce ban on social media
▼ + stars: | 2023-10-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited's Shopee and Tokopedia, according to Momentum Works. Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba , is courting sellers affected by Indonesia's latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting on Friday. In recent weeks, Indonesia has cracked down on social media platforms facilitating e-commerce, such as TikTok, in a bid to protect domestic businesses. Indonesia banned social media purchases and set a one-week deadline last week for TikTok to become a standalone app, without any e-commerce feature, or face closure. In response, TikTok Indonesia said Tuesday that it will comply with local laws and stop facilitating e-commerce purchases.

Persons: Lazada, James Chang, Chang, Joko Widodo Organizations: Works, CNBC, TikTok Locations: Indonesia, TikTok Indonesia

☆ UK talent-management company Outreach just hired an ex-Meta exec to be its managing director
▼ + stars: | 2023-10-02 | by ( Marta Biino | ) www.businessinsider.com time to read: +2 min

The UK digital-talent-management firm Outreach Agency has hired ex-Meta exec Amy Bryant-Jeffries to be its managing director. Outreach, founded in 2020 by Amy and Emilio Arciniega, has grown to become an 18-person company with 50 talent on its roster. In her new role as managing director at Outreach, Bryant-Jeffries will spearhead the agency's strategic growth efforts, taking it into new sectors. Bryant-Jeffries' career spans 15 years across creator partnerships, talent management, and PR. Prior to her role at Meta, Bryant-Jeffries spent almost seven years at the talent-management firm Gleam Futures, where she worked on partnerships and later became business director for talent and partnerships.

Persons: Amy Bryant, Jeffries, Amy, Emilio Arciniega, Bryant, Caspar Lee, Grace Victory, they're, Emilio Organizations: Outreach Agency, Outreach, Bryant, Northern, Meta, Futures Locations: Gleam

☆ 5 things you need to know about what could be the largest health care strike in US history
▼ + stars: | 2023-09-29 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Patients pay for a membership and gain access to Kaiser Permanente’s health care services. Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website. The strike would be the largest US health care strike in history, according to data from the Bureau of Labor Statistics. It would also be the first-ever national strike effort at Kaiser Permanente, according to John August, the director for health care labor relations at Cornell and the former executive director of the Coalition of Kaiser Permanente Unions. More workers are going on strikeA potential health care workers’ strike would be one in a long line of organized labor efforts that have occurred this year.

Persons: Kaiser Permanente, John August, “, Dania Maxwell, ”, Kaiser, Renee Saldana, they’re, Gabe Montoya, we’re, “ Kaiser, We’ve, UHW, you’re Organizations: Los Angeles CNN, Kaiser Permanente, Washington DC, Kaiser, Bureau of Labor Statistics, Cornell, Coalition, Kaiser Permanente Unions, Service Employees International Union, United Healthcare Workers West, SEIU, Permanente, CNN, Kaiser Permanente Los Angeles Medical Center, Los Angeles Times, “ Workers, ” Employees, “ Kaiser Permanente, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, Ford, General Motors, ’ Guild of America Locations: Kaiser, California , Colorado , Oregon, Washington , Virginia, Washington, ”, Hollywood, Los Angeles , CA, Downey , California, United States, Los Angeles

☆ DoorDash, Instacart, and GrubHub drivers say they're being booted from their delivery jobs without notice — and the services won't tell them why
▼ + stars: | 2023-09-26 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +13 min

Unexplained deactivations are commonplace for some gig workers, according to accounts from drivers. The agent on the other end approved it, he told Insider, and assured him that it wouldn't negatively affect him. Sudden, unexplained deactivations have become commonplace for workers on gig delivery apps, according to accounts from these workers. Grubhub and DoorDash told Insider that employees determined the deactivations of drivers. Do you work for Instacart, DoorDash, Uber Eats, or another delivery service and have a story idea to share?

Persons: —, Uber, would've, they'd, Steve, Jason Picon, Jason, Grubhub, Michael Loccisano, Instacart, Rikki Nudelman, I've, DoorDash, Nudelman, we're, New York City, Sergio Avedian, Guy, Avedian, Carsten Koall, Uber hadn't Organizations: Service, Grubhub, Santa Barbara, DoorDash, New York Daily News, Tribune, Getty, Walmart Locations: Oregon, Virginia, Texas, California, Central California, Los Angeles, Santa, New York, New York City Ribeiro, New, Seattle, deactivations, Berlin

☆ UPS says it will hire 100,000 seasonal workers for the holiday rush — but don't expect that $170,000 pay package
▼ + stars: | 2023-09-26 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

UPS plans on hiring 100,000 seasonal workers to beef up its workforce for the holiday season. Working as a seasonal employee can be the first step toward a $170,000-per-year pay package. Thanks to a new contract for UPS workers that was negotiated by the Teamsters union, some full-time UPS drivers are now earning a pay package worth $170,000 a year, including benefits. Hourly pay will start at $23 for seasonal package drivers and $21 for package handlers. Despite increased pay for the seasonal UPS workers, the job market is still tight, and it's uncertain how challenging it will be to find workers, Lavery said.

Persons: —, Matt Lavery, Lavery, Gen Z, it's Organizations: Service, UPS, Teamsters, Federal Reserve

☆ Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
▼ + stars: | 2023-09-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bitcoin miners are barreling toward the "halving" — a major market-making event that some fear will be a death knell to many in the industry. "We're taking a long-term bet on bitcoin and on the fact that bitcoin mining will survive and will bounce back even stronger." Texas has grown to dominate bitcoin mining partly because of support from local authorities and the operator of the Texas energy grid, ERCOT. Even during the bear market, Texas miners are building out, buying new sites and fresh fleets of hardware. The mining company was spun off from Chinese bitcoin mining giant Bitmain and went public via SPAC earlier this year.

Persons: Kevin Zhang, Jihan Wu, Bitmain, Kevin Zhang Crypto, He's, China — he's, Zhang, bitcoin, Barry Silbert's, Foundry's, —, Chad Harris, ERCOT, Nic Carter, Shaun Connell, Brad Jones, Brandon Arvanaghi, Jason Les, Navarro, Les, hashrate, Morgan, Bitdeer Organizations: Foundry, Mining, CNBC, U.S, Riot, Cipher Mining, Georgia, Securities Exchange Commission, JPMorgan Chase Locations: Sweden, Republic of Georgia, China, America, Beijing, Shenzhen, Montana, North America, Texas, Wyoming, New York, United States, U.S, . Texas, Castle, Rockdale, Austin, Milam, Odessa , Texas, Minden , Nebraska, , Texas, New Hampshire, Pennsylvania, Nebraska, North Carolina , Kentucky , Oklahoma, Washington

New York CNN —Nnete Matima said she was attracted to work at TikTok because of how the social media platform was “really built upon Black culture” and the work of Black creators. Matima is one of two Black former ByteDance employees who together filed a formal complaint with the US Equal Employment Opportunity Commission on Thursday. Their complaint asks the agency to investigate alleged racial discrimination and retaliation against Black workers at the social media giant. Shortly after starting his new role, Carter alleges, he discovered that he was being significantly underpaid compared to his colleagues. Joël Carter is one of two Black former TikTok employees who has filed a legal complaint against the company accusing it of racial discrimination and retaliation.

Persons: Nnete Matima, TikTok’s, George Floyd, ” Matima, ByteDance, Matima, Joël Carter, TikTok, Carter, Trump, “, ”, demoralizing ’ Carter, ” Carter, Joël Carter Carter, ’ ” Carter, Matima — Organizations: New, New York CNN, CNN, US, Employment, Black, America, TikTok Locations: New York, TikTok, New York City, Austin , Texas, China, Beijing, Washington , DC, Silicon Valley, Carter’s

☆ The CEO of a construction-tech startup that reports a 12% drop in injuries on sites using its wearable smart badges says 5G is the future of IoT tech
▼ + stars: | 2023-09-19 | by ( Iona Brannon | ) www.businessinsider.com time to read: +5 min

The company developed wearable smart badges that made COVID-19 contact tracing more efficient. Now it's looking to use 5G tech to reduce construction-site injuries and increase efficiency. The workers' badges beeped and vibrated when they got within 6 feet of each other. Taking things to the next level with 5GKwant's smart badges are part of a category known as the Internet of Things. Recognizing the potential of smart badges across industries, Shrestha's team has built 5G integration into the badges.

Persons: Walbridge, John Jurewicz, Kwant, Niran Shrestha, Shrestha Organizations: Service, General Motors, Bluetooth, 5G, Tech Locations: Wall, Silicon, COVID

☆ Web3 music platforms are combining new tech with Web2 features to give artists better compensation and 'create dope consumer experiences'
▼ + stars: | 2023-09-18 | by ( Diana Umana | ) www.businessinsider.com time to read: +12 min

Web3 music platforms are changing the industry, giving artists better payouts and ways to reach fans. Orin FleurimontThe importance of direct-to-consumer offerings for music artists has never been more evident. It also uses familiar terminology throughout its platform and in marketing, similar to what one would find on traditional music platforms. The benefit of this hybrid approach is clear: In April, when much of the Web3 music space faced uncertainty, Even closed its $2.2 million seed round. Safeguarding security and enhancing educationWhile integrating Web3 and Web2 experiences on music platforms offers promising benefits, there are drawbacks and areas for improvement.

Persons: Tanerélle, Orin Fleurimont, Web3, Mag Rodriguez, Weston Rich, Rodriguez, Eric Bellinger, Shaun, Snoop Dogg, Tayla Parx, Bobby Shmurda, Andreessen Horowitz, Sound.XYZ, David Greenstein, Pablo Sáez David Greenstein, Brett Shear, Christopher Lee, Erin Leydon, Lee, merch, Vérité, IYK, Jamie Kim, Audius Organizations: Service, Spotify, Apple, PTC, Investments, IYK, IRL, Atlantic Records, NFC Locations: Wall, Silicon, Web3, Sound.XYZ

☆ 'Success disasters' have become a big problem in tech for companies and consumers
▼ + stars: | 2023-09-14 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

These technology failures during a major scaling event — dubbed success disasters — weren't alone. Ticketmaster's failure during their scaling event was just one kind of success disaster — the overburdening of the system's capacity. Success disasters may be common, but that doesn't make them acceptable, especially if a company is offering products or services considered essential. The right answer really depends on the starting point and what scaling events are anticipated. Even on a smaller (but still substantial) scale, Urban keeps this in mind to avoid her own success disaster.

Persons: Taylor, SeatGeek, clamoring, —, Spencer Kimball, Kimball, Masa Kabayama, Kabayama, Paula Urban Organizations: Ticketmaster, Labs, Google, Uplift Labs, MLB, NBA, Apple, Houston Livestock, Taylor Swift Locations: onboarding

A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong, China June 14, 2016. REUTERS/Bobby Yip Acquire Licensing RightsBEIJING/LONDON, Sept 13 (Reuters) - The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange's (LME) contract, five sources with knowledge of the matter told Reuters. Average daily LME nickel volumes plunged because of the crisis. CME Group (CME.O) is also looking to launch a nickel contract that would settle against prices gathered from a platform to be launched by British-based Global Commodities Holdings (GCH). CME did not respond to a request for an update on its plans for a nickel contract.

Persons: Bobby Yip, ShFE, Nickel, GCH, Pratima Desai, Siyi Liu, Julian Luk, Veronica Brown, Alexander Smith Organizations: Shanghai Futures, REUTERS, Rights, Shanghai Futures Exchange, London, Reuters, International Energy Exchange, CME, Global Commodities Holdings, Thomson Locations: Asia, Hong Kong, China, Rights BEIJING, LONDON, British, Singapore, Abaxx

☆ TikTok's new app store signals its goal to be an e-commerce platform that relies less on established players like Shopify
▼ + stars: | 2023-09-13 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

TikTok Shop, the social media app's e-commerce platform, officially came out of beta in the US on Tuesday. TikTok Shop is meant to be an end-to-end shopping destination, with in-feed and live video shopping, a dedicated shop tab in the TikTok app, an affiliate marketing program, and in-app checkout. TikTok's app store filters apps according to a seller's current e-commerce platform, including Shopify, WooCommerce, BigCommerce, Magento, Salesforce Commerce Cloud, and Amazon. Being on TikTok's app store also helps third-party software providers get discovered by sellers who might want to use their products. "We love an app store because the app store is saying: this is a trustworthy provider," Hallock said.

Persons: TikTok, Rick Watson, Watson, Anne Hallock, Hallock Organizations: Shop, RMW Commerce Consulting, Partners, TikTok Locations: Salesforce

☆ Tom Brady will be a strategic adviser to Delta
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Tom Brady has a new employer: Delta Air Lines. The seven-time Super Bowl champion is expanding his post-NFL career business ventures, joining Delta to work on internal employee training and appear in external advertising campaigns. Delta said Wednesday that Brady would become a “strategic adviser” to the airline. Brady will partner with Delta to develop and advise on “teamwork tools” for the airline’s more than 90,000 employees and take part in select marketing campaigns, the company said. Brady founded health and wellness company TB12 Sports and also owns a media company and the Brady Brand clothing line.

Persons: Tom Brady, Delta, Brady, ”, “, Ed Bastian’s, Allen Adamson, ” Brady, Adamson, BlackBerry, Alicia Keys, will.i.am, Lady Gaga, Beyoncé Knowles, Brady Brand Organizations: New, New York CNN, Delta Air Lines, NFL, Delta, Intel, Polaroid, Adidas, TB12 Sports, British soccer, Birmingham City, League Pickleball, Fox Sports Locations: New York, Delta

☆ Inside the clash between Amazon and Shopify over Buy with Prime
▼ + stars: | 2023-09-02 | by ( Eugene Kim | ) www.businessinsider.com time to read: +12 min

Amazon and Shopify announced a new Buy with Prime app for Shopify on Wednesday. Buy with Prime let merchants offer Prime benefits, such as fast shipping and free delivery, on websites beyond Amazon.com. Amazon had no choice but to let Shopify merchants view Buy with Prime-related metrics on its own backend console, not within the unified Shopify Admin tool, according to the internal Amazon document from April. If Buy with Prime data wasn't smoothly integrated into Shopify Admin, Shopify merchants might not use the Amazon feature much. Constant delaysThe internal Amazon document described a Shopify-native Buy with Prime app as a "flagship" goal for Amazon's top leadership because it would make Buy with Prime more appealing to Shopify merchants.

Persons: Shopify, Santos Jeff Bezos Kevin Mazur, Jeff Bezos, Tobi Lütke David Fitzgerald, Sportsfile, Harley Finkelstein, Finkelstein, Mark William Lewis, Andy Jassy, they've Organizations: Amazon, Amazon.com, Prime, Project Santos, Getty, Amazon Logistics, Netalico Commerce, Web, Associated

☆ Exclusive: Deel, a $12 billion HR startup, is contemplating an acquisition of competitor Papaya Global
▼ + stars: | 2023-08-31 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

In the letter, Bouaziz says Deel "may contemplate an acquisition offer" of Papaya Global. "The Deel leadership team and I have been following Papaya Global for quite some time now with great interest," Bouaziz wrote to Papaya's board of directors. A spokesperson for Papaya Global said in a statement that the company is not for sale. Papaya Global is an Israel-based payments processing startup that last raised at a $3.7 billion valuation in 2021 in a round led by Insight Partners and Tiger Global. He also floated the possibility of an eventual full takeover of Papaya Global, which would require the approval of its board.

Persons: Philippe Bouaziz, Bouaziz, Deel, Eynat Guez, Dovi Frances, Guez, Francis, onboarding, Andreessen Horowitz, Emerson, Alexis Ohanian, Elad Gil, Y, Goldman Sachs, Adam Schiff, Julie Su Organizations: Insight Partners, Tiger Global, Global, Coatue Management, Nike, Labor Locations: San Francisco, Israel

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