Microsoft and FedEx announced a multi-year strategic partnership in which the companies will jointly develop cloud-based commerce and logistics software. The companies aren’t providing much detail about what they’re actually developing, but the message is clear: Microsoft and FedEx are teaming up to compete against Amazon, their common rival. Both companies have announced partnerships with...
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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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