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Divvy Targets Employee, Vendor Expense Fraud With New Platform

“Corporate expense management company Divvy is targeting expense fraud with its new platform, the company announced Wednesday (Dec. 13)” reports pymnts.com. The firm, which launched last year, is rolling out a new solution that enhances transparency and control of company spend.In part, the platform aims to provide businesses with greater visibility over employee spend to prevent misuse of company cards or fraud.Divvy puts this data front and center, which improves decision making, ensures budgets are adhered to and provides the real reward — automated expense reports.” In addition to the new…

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The Frightful Five: Fake Apps And Hubcaps

“Spiking interest in cryptocurrency drove the fake app to the number-three spot in the finance app category before it was removed” reports pymnts.com. The fake app was charging $4.99 per download and provided a different service from the legitimate, free version.Amazon, Apple and Google have been locked in a race to become the first company worth $1 trillion.A paid iOS app was removed from Apple’s App Store when the company discovered it had appropriated its name from the free app MyEtherWallet, which stores digital currencies. Source: pymnts.com Share This:

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Corporates Headed For GDPR Wakeup Call

“Nicholson noted that the legislative language of GDPR applies only to personal data, not company data” reports pymnts.com. That means, so far at least, it’s unclear how GDPR might impact entrepreneurs, freelancers, gig workers or small businesses that act as the consumer of service providers that manage customer data.Researchers found that 85 percent of small businesses surveyed would, indeed, be impacted by GDPR rules in some way, yet 44 percent said they were so far unaware that they would be required to hire a GDPR officer. Source: pymnts.com Share This:

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Squarespace reportedly raises about $200 million at a $1.7 billion valuation

“Squarespace, the 14-year-old platform that makes it easy for essentially anyone to build their own website, is raising about $200 million from General Atlantic, valuing the company at a $1.7 billion valuation, Bloomberg reports” writes Hour Ago Sarah for techcrunch.com. A big Squarespace competitor, public company Wix, is expected to generate about $424 million in revenue this year.Before going public, Squarespace reportedly wants to get better about helping its customers sell products through their websites. “It’s the most requested feature on the platform right now,” Squarespace CEO Anthony Casalena told…

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Apple Pours $390 Million In US-Made iPhone Laser Tech, Creating 500 Jobs In The Process

“Apple has announced on Wednesday, Dec. 13, that it decided to invest a hefty $390 million in Finisar, a U.S. company that makes iPhone laser chips” writes Tech Times for techtimes.com. Apple announced its $1 billion Advanced Manufacturing Fund back in May as a commitment to help American manufacturers innovate and create more jobs.Finisar’s manufacturing plant in Texas has been closed since 2012, but Apple’s investment will change all that.This is an investment and not an acquisition, however, and it’s part of Apple’s Advanced Manufacturing Fund announced earlier this year.Once…

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Facebook will put ads before videos as part of a new advertising strategy

“Facebook is making major changes to its advertising strategy, including putting ads before videos and requiring videos to be longer before they can have ad breaks” writes unknown author for cnbc.com. The company announced in a blog post on Thursday that it would be adding six second pre-roll ads before videos starting next year.The company will only allow live video ad breaks on pages with more than 50,000 followers, removing ads from people who post live videos on their profile. Source: cnbc.com Share This:

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Andrew Ng’s Landing.ai wants to bring artificial intelligence to the manufacturing industry, starting with Foxconn

“The manufacturing industry is the first focus of the company, though Ng is clearly looking to expand beyond this initial vertical” writes Minutes Ago Josh for techcrunch.com. The idea here is to help bring AI to industries outside the traditional IT world.Landing.ai’s first strategic partner is Foxconn and Ng says he’s been working with them since July.For the whole world to experience benefits of AI, it must pervade many industries, not just the IT industry.” So what will Landing.ai actually do?.  Source: techcrunch.com Share This:

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Snapchat’s first desktop app, Lens Studio, lets anyone create AR Lenses

“The studio is a full-fledged desktop application that lets users create and save projects, with templates and guides included for a little AR inspiration” writes Paul Sawers for venturebeat.com. The company later rolled out sponsored Lenses for advertisers, while last year it debuted World Lenses for users to augment their surroundings with funky graphics.Snap said that it has partnered with seven AR development agencies to help advertisers create Lenses, both for users’ faces and the 3D world.Snap is today introducing its first ever desktop app in the form of Lens…

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Source: General Atlantic to invest $200M in Squarespace, to be used for stock buybacks, at a $1.7B valuation; CEO says firm has $300M annual revenue, up 50% YoY

“Now in its teenage years, Squarespace is giving early employees and investors a way to cash out” writes unknown author for bloomberg.com. Squarespace Chief Executive Officer Anthony Casalena declined to comment on terms of the funding. Source: bloomberg.com Share This:

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Disney to Buy Fox Film and TV Businesses in a $66B Deal

“Immediately prior to the acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders” reports fortune.com. Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox (fox) for $52.4 billion in stock as the world’s largest entertainment company seeks even greater scale to combat growing digital rivals Netflix and Amazon.com.Disney’s global footprint also expands with the…

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