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.
Neobank funding bonanza shows promise still outweighs profitability—for now: Globally, challengers brought in large funding hauls that signaled investors’ continued confidence in the space. But their patience in the face of commoditization and unprofitability won’t be endless.
The US regulator wants feedback on principles it’s drafted to help banks deal with the risks posed by catastrophic weather. Banks should take this as a reminder to update their business continuity plans.