When the messaging app’s founder, Pavel Durov, was arrested, he received a flood of support from a multitrillion-dollar industry that relies on it.
Tag: Mobile Commerce and Payments
Forced to Change: Tech Giants Bow to Global Onslaught of Rules
For years, Apple, Google, Meta and others operated unfettered. But new laws and regulations have finally compelled them to make major shifts to their products and businesses.
TikTok Shop Feature is Shuttered in Indonesia After Ban
TikTok’s retail ambitions have confronted an obstacle in Indonesia, which views the app as a threat to local businesses.
For Many Small-Business Owners, a Necessary Shift to Digital Payments
The pandemic accelerated a transition to cashless payments, forcing a reckoning among small-business owners. But there are benefits: An owner said one cashless system saved her $3,000 a month.
Fraud Trial of Wirecard’s Ex-CEO, Markus Braun, Begins
Markus Braun, the founder of the financial technology firm that lost billions, is facing fraud charges with two others.
South Korean Super App Kakao Goes Down, Putting a Halt on Life
A days-long outage at Kakao has led to the resignation of a co-CEO and a reckoning over Big Tech’s extensive grip over the South Korean economy.
South Korean Internet Giant Buys Poshmark in $1.2 Billion Deal
With its new acquisition — the company’s largest to date — Naver has gained a sizable foothold in North America’s secondhand retail market.
E.U. Takes Aim at Big Tech’s Power With Landmark Digital Act
The Digital Markets Act is the most sweeping legislation to regulate tech since a European privacy law was passed in 2018.
Paytm’s Parent Company, One97 Communications, Goes Public
One97 Communications, the app’s parent company, has drawn interest from institutional investors as online shopping in India expands.
El Salvador’s Bitcoin Adoption Is Marred by Glitches
Experts had raised concerns about making the digital token an official currency and the rapid execution of new technology on a national scale.