Influencers could be TikTok’s secret weapon in e-commerce. They could also be its downfall.
TikTok creators have been pitching apparent knockoffs of products from Apple, Lululemon, and Crocs. Influencers earn a commission on product sales they drive through TikTok Shop. Misleading videos could supplant fake reviews as the next big challenge for e-commerce platforms. Can you get an Apple Watch Ultra for $34.88 on TikTok? That’s the incredible offer…
Goldman Sachs wants to build the ‘Pinterest for capital markets.’ Here’s how the bank is aiming to win more trades from its biggest institutional clients.
Goldman Sachs launched a new platform that helps clients analyze and visualize financial markets. Called MarketView, the dashboard is part of the bank’s risk analysis and trading platform, Marquee. Chris Churchman, head of Marquee, outlines how it works and what the bank needs to succeed. Goldman Sachs is looking to Amazon.com and Pinterest for inspiration…
Wall Street bonus season is on track to be stressful this year. Here’s the breakdown by job and business line, according to compensation expert Alan Johnson.
Bonus season starts in January for most banks, hedge funds, and PE shops It will be tough across the board, although investment bankers will get hit the hardest. See this year’s breakdowns by division, according to comp consulting firm Johnson & Associates. This year’s bonus season is shaping up to be stressful. Banks take months…
Defacto provides short-term loans to SMEs. It just raised $10 million with this 20-slide pitch deck.
French fintech Defacto has raised a $10 million Series A extension. The Paris-based business, founded in 2021, has brought in cash from Citi Ventures. The company provides short-term loans to small and medium sized businesses. Defacto, a French fintech startup, has received a $10 million Series A extension from Citi Ventures. The Paris-based company, which…
Meet Michael Klein, the dealmaker behind Hollywood’s newest investment banking venture
Michael Klein is the investment banker behind a new sports and media investment bank. His firm, M. Klein & Co., teamed up with Creative Artists Agency to form CAA Evolution. The new firm will seek to advise on sports sales and big media mergers, WSJ reported. The Hollywood talent agency known for representing stars such…
An Amazon seller who brings in up to $53,000 in monthly revenue says 20% of her products do 80% of the sales. She shares her biggest product flops and what she’s learned from the failures.
Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. E-commerce business owner Shan Shan Fu does up to $53,000 in monthly sales. Not all the products she lists…
Meta’s Instagram and Facebook are growing faster than TikTok
Meta had seen the dominance of apps like Facebook and Instagram erode amid the rise of TikTok. The Chinese platform ushered in a new era of short-form video on social media that remains popular. With rival products like Reels and Threads gaining ground, Meta is seeing reinvigorated user growth. For the first time in a…
As key deadline looms, Schonfeld employees remain in the dark about the hedge fund’s future
Schonfeld execs updated employees on its capital-raising effort, only to say there is no update. The firm is still weighing a deal with larger industry rival Millennium and other investors. Thursday is the withdrawal notice deadline for many of the fund’s share classes. When senior executives at Schonfeld Strategic Advisors met with groups of employees…
Solvimon, founded by ex-Adyen execs, has built a usage-based billing platform. It just raised $9.6 million with this 10-slide pitch deck.
Dutch fintech startup Solvimon has raised $9.6 million in seed funding. The startup, founded by former Adyen execs, enables SaaS firms to offer usage-based pricing. Solvimon will use the additional capital to expand its footprint in Europe and the US. Solvimon, a payments and billing startup, recently raised $9.6 million in seed funding. The 2022-founded…
