American Express is in advanced talks to acquire online lender Kabbage for as much as $850 million in cash, Bloomberg reported. That price would be below Kabbage’s last valuation of $1.2 billion. Kabbage offers loans to small- and medium-sized businesses, many of which have been hard hit by the Covid-19 pandemic. In March Kabbage paused lending and suspended existing credit lines. Since March,...
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LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products

LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
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