The FinTech Hub
Source: The Verge Robinhood is getting closer to becoming a full-fledged financial service. On Wednesday, the company announced a wholly online banking platform that will offer checking and savings accounts to Robinhood Gold subscribers when it launches this fall. The platform, called Robinhood Banking, will let users access their accounts, as well as send and…
Source: The Verge DNA testing firm 23andMe has filed for Chapter 11 bankruptcy protection to help the company sell itself after years of financial difficulties. Anne Wojcicki, 23andMe’s co-founder and CEO, announced on X that she has resigned with immediate effect to become an independent bidder for the company, with chief financial and accounting officer…
Source: The Verge Federal Communications Commission chair Brendan Carr said companies looking for regulatory approval should “get busy ending any sort of their invidious forms of DEI discrimination,” according to an interview with Bloomberg. Carr reportedly brought up Paramount’s merger with Skydance, Verizon’s purchase of Frontier Communications, and T-Mobile’s plans to acquire most of US…
Source: The Verge TechCrunch has a new owner, again. Yahoo has sold the tech news site to the private equity firm Regent for an undisclosed sum, according to an announcement on Friday. When Verizon acquired AOL in 2015 and Yahoo in 2017, the company folded TechCrunch, Engadget, Yahoo Sports, and other sites into a new…
Source: The Verge At a surprise all-hands-on meeting Thursday night in Texas, Tesla CEO Elon Musk rallied up his company’s employees as the brand’s public reputation continues to plummet, Business Insider reports. At the livestreamed meeting, Musk told employees to “hang on to your stock” – which declined in value by 50 percent since December…
Source: The Verge Discord is bringing third-party ads to its mobile platform. The gaming-focused voice and chat app announced that a mobile pilot for Video Quests — ads that allow Discord users to earn rewards like avatar decorations and in-game items by watching a video — will launch in June 2025, after rolling out on…
Source: The Verge Google’s latest acquisition is its most expensive yet — and perhaps its riskiest, too. On Tuesday, the search giant announced that it acquired the cloud security startup Wiz for $32 billion. It’s a major bet that Wiz can help beef up Google’s cloud business, which makes far less money than the offerings…
Source: The Verge Oracle is closing in on a deal that would have it “vouch” for TikTok’s security in exchange for a small stake in the company’s US operations, according to Bloomberg. The plan, which was reportedly discussed among the Trump administration last week, would include “guarantees that an updated US version of TikTok would…
Source: The Verge Business is still booming for music streaming services, which crossed the 100 million US subscriber mark in 2024, according to the Record Industry Association of America’s (RIAA) latest revenue report. Overall sales were also bolstered by physical media, which is growing at a slightly faster rate than digital, thanks in large part…
Source: The Verge The company says Aragon will lead a team “responsible for building out and marketing a suite of services and experiences” across Ford Pro (business and fleet), Ford Blue (core passenger vehicles), and Ford Model e (electric vehicles). The company says it has more than 800,000 paid subscriptions across its lineup, including for…
