Brian Lesser, the CEO of AT&T’s Xandr advertising unit has resigned, according to Reuters. It’s a signal that AT&T has struggled with its plan to build a sizable targeted advertising business that could compete with Google and Facebook. There have been previous signs that the plan faced challenges. Most importantly, AT&T needed to strike partnerships with TV networks owned by other...
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Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal. But it didn’t all go to plan. As the bank tried to digest the...
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