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X nabs Rhode Island, Mississippi money licenses

Payments Dive

The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.

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DOJ, State AGs To Meet On Antitrust Suit Against Google

PYMNTS

David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” PYMNTS has contended that the companies are not, in fact, monopolies because much of their time is spent competing for the same venues of the economy, including grocery shopping and social media.

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25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.

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DOJ Moving Forward On ‘Major Priority’ Big Tech Antitrust Probe

PYMNTS

PYMNTS reported that Rhode Island Congressman David Cicilline ended the hearing by saying they all “have monopoly power.” The CEOs of all four of those companies appeared together for the first time in July, and the outcome was not particularly friendly toward the companies. Additionally, the U.S.

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Some Big Facebook Investors Call For Zuckerberg’s Ouster

PYMNTS

Facebook Chief Executive Mark Zuckerberg is in the crosshairs of some major investors, including public pension funds and state officials who want the CEO ousted from the social media company. Rhode Island, Illinois and Pennsylvania state treasurers are also joining the initiative.

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Big Tech Antitrust Hearing Rescheduled For July 29

PYMNTS

Facebook will probably talk about its rivals when it comes to advertising, like Google and Amazon, and when it comes to social media, like Twitter and TikTok. Apple will face scrutiny over its App Store — and what players it allows in. It is unclear what arguments Google will make.

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

Matthew Britt, a chef and culinary instructor at Johnson & Wales University in Providence, Rhode Island told FSR that he was concerned about the long-term impact of restaurant outsourcing. Whelihan’s Pub & Restaurant, and Iron Hill Brewery & Restaurant. New chains could quickly emerge regionally or nationally.”.