Over 500 million people in Europe will use social networks monthly in 2022—with more than half hailing from Central and Eastern Europe. Facebook will remain the largest platform, but its lead is shrinking as Instagram and TikTok expand.
Brex and Novo in the US, along with Qonto in France, have closed on funding rounds that they could use to make broad lending plays that could threaten incumbents.
The UK-based neobank’s founder and CEO Anne Boden outlined plans to offer banking as a service globally in 2022, giving Starling a potential opening into embedded finance.
AT&T, Verizon pushing through with 5G rollout despite FAA’s request for two-week extension: Carriers propose “exclusion zones” to dampen 5G’s interference of aircraft safety systems in airports.
Monzo follows a slew of its global peers in winning a big funding round. Now these players must make smart spending decisions that demonstrate their maturity to investors.
In China and the US, 59% of internet users are comfortable using secondhand clothing items, making those countries where the resale fashion economy is most ripe for growth.