PYMNTS AM Radar: Twitter Waiting
Today is Friday, May 13. Friday the 13th is known as an unlucky day in Western superstition and is also the premise of the slasher film franchise which is set in the fictional Crystal Lake, but is actually based on a real, unsolved 1960 murder of three teenagers in Lake Bodom in Finland. The film series has not continued since 2009 due to copyright laws. Here’s what should be on your radar this morning.
Twitter pending. Elon Musk has tweeted that his $44 billion deal to acquire Twitter is now on hold. The Tesla CEO and rocket man said he wanted to dig deeper into the social media platform’s monetizable daily active users and the number of spam accounts on the site. Twitter reported that fake accounts accounted for less than 5% of its 226 million monetizable daily active users; Musk wants to see the calculations. READ MORE
Crypto Lightning. Former Meta executive David Marcus has raised $175 million for his new cryptocurrency payments startup on the Lightning Network called Lightspark. Marcus led the Facebook team for the stablecoin first called Libra, then Diem, as well as a crypto wallet, Novi. Lightspark is working on the infrastructure to increase the speed and efficiency of the Lightning Network blockchain protocol. READ MORE
Cash flow magic. Conversion on “how” to make payments is driven by customers dictating their preferred method and businesses striving to optimize. Jennifer Acosta, JP Morgan’s managing director, industry, technology, media and telecommunications, told Karen Webster of PYMNTS that the B2B space lags behind the B2C sector in innovation. READ MORE
Nut Soup. Indoor dining is back, but that doesn’t mean customers have given up on their desire for restaurant meal delivery. Restaurants are now tasked with finding the best way to leverage technology to thrive in an omnichannel world. Andrew Robbins, CEO of Paytronix, told PYMNTS that digital platforms are now an essential tool for driving engagement and loyalty. READ MORE
ICYMI. DJ and electronic production duo The Chainsmokers are releasing 5,000 non-fungible tokens (NFTs) on Tuesday (May 17) that will be given away free to fans to offer them a percentage of the streaming royalties from their new studio album ‘So far so good. good.” The VIP list of recipients will be compiled from superfans and frequent concert ticket buyers. READ MORE