Financial Loss

How Dropbox Fights Fraud
How Dropbox Fights Fraud
February 27, 2020  |  Fraud Prevention

Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over year, for example,...

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Monzo Hopes For Profit, New Digital Accounts And Hires
Monzo Hopes For Profit, New Digital Accounts And Hires
February 17, 2020  |  Digital Banking

British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also...

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India’s OYO: China Expansion Came At Great Cost
India’s OYO: China Expansion Came At Great Cost
February 17, 2020  |  Earnings

Losses widened this past year for OYO Homes & Hotels, as the SoftBank-backed company tried to expand into China, according to Reuters. The losses the...

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Grubhub Pays The Price Of Keeping Its Customers
Grubhub Pays The Price Of Keeping Its Customers
February 06, 2020  |  Earnings

The year 2020 is off to a rocky start for food delivery platform Grubhub. Shortly after the new year began, rumors started circulating that Grubhub...

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OYO Cuts Hotel Locations, Staffing After Quick Growth
OYO Cuts Hotel Locations, Staffing After Quick Growth
February 03, 2020  |  International

India-based hotel group OYO is slowing its ambitions to be the world’s largest chain within the next three years, following a backlash from investors and...

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Fraudsters Try New Spins On The BEC Scam
Fraudsters Try New Spins On The BEC Scam
January 27, 2020  |  B2B Payments

The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments...

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The Risky Business Of SMBs’ Crypto Adoption
The Risky Business Of SMBs’ Crypto Adoption
January 23, 2020  |  B2B Payments

Cryptocurrency went from dark-web danger to high-tech investment opportunity seemingly overnight, and, as more consumers seek to use digital currency, more businesses are stepping into...

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Pier 1 To Close Nearly Half Its Stores On Big Q3 Loss
Pier 1 To Close Nearly Half Its Stores On Big Q3 Loss
January 07, 2020  |  Earnings

Pier 1 said on Monday (Jan. 6) that it intends to close nearly half of its 942 locations, according to CNBC, fueling rumors of bankruptcy...

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Pinterest Stock Plummets After Q1 Earnings
Pinterest Stock Plummets After Q1 Earnings
May 17, 2019  |  Earnings

Pinterest revealed its Q1 financials in its first earnings report as a public company. According to reports, the company “posted revenues of $202 million on...

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