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Online Bank Chime’s Customers Can’t Get Cash During Outage

By Chris Noble
· · Source: Bloomberg

Chime, an online banking startup with about five million customers, has been suffering an outage over the last day that has made it impossible for those customers to get hold of their money. According to this article from Bloomberg, the outage initially disabled the bank’s debit cards, too, leaving customers stranded. The debit cards were working again, the article says, but the company’s...

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Q&A Media/Telecom Facebook
BuzzFeed’s Peretti on How Pandemic Squashed 2020 Profit Hopes
By Jessica Toonkel · July 14, 2020 7:01 AM PDT

At the height of the coronavirus pandemic a few months ago, advertisers owed BuzzFeed around $100 million in payments from the fourth quarter, almost one-third of the company’s revenue for last year. CEO Jonah Peretti was worried that with the businesses grinding to a halt and many companies suspending advertising, BuzzFeed wouldn’t be able to collect.

At the same time, marketers ...

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