After $30M round, Bumped launches app that gives people free stock after spending with brands

Buy from a brand, get some of their stock.

That’s the pitch from Bumped, a Portland, Ore.-based startup that launched its app today after a year of beta testing.

Bumped users create a brokerage account, link their debit or credit card, and pick their brands. When they spend money with certain companies, they get a percentage of their purchases back in fractional shares, or a piece of a full share.

Bumped does not charge account or trading fees; it makes money from the participating brands.

The startup’s beta included more than 80 brands. The average user had a 1.5X increase in monthly visits to brands that rewarded them with stock.

“Investing without requiring incremental spend is critical to helping people navigate the present and save for the future,” David Nelsen, CEO and founder of Bumped, said in a statement. “Bumped creates a simple but powerful entry point to the stock

Read More

Will Under Armour’s Recent Gains Be A Buying Opportunity?

Under Armour’s stock (NYSE: UA) is up a massive 24% in the last one month, significantly outperforming the broader market which barely moved during this period. What is Under Armour doing right? Though sales are down significantly this year, earnings were a positive surprise driven by better than expected footwear revenue – especially the workout gear. But as the markets start normalizing, can Under Armour’s stock momentum continue? We look at historical stock movement, relative valuation, and the trend in the underlying financials, and conclude that Under Armour could be a good investment right now.

Past stock movement pattern: Our AI engine analyzes past patterns in stock movements to predict near term behavior for a given level of movement

Read More

Exclusive: Amazon accuses Future of insider trading as it seeks to block Reliance deal

NEW DELHI (Reuters) – Amazon.com Inc has asked India’s market regulator to investigate Future Retail Ltd for insider trading, a letter seen by Reuters showed, as it seeks to prevent its business partner from becoming part of rival Reliance’s empire.

FILE PHOTO: The logo of Amazon is seen at a logistics centre in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol/File Photo

The U.S. giant has been pressing the Securities and Exchange Board of India (SEBI) to review Reliance’s August deal to buy retail, logistics and other assets from Future Group for $3.4 billion including debt.

Amazon argues it had a 2019 agreement with Future which prevented the Indian group’s retail assets from being sold to certain parties including Reliance Industries Ltd, which is led by Asia’s richest man, Mukesh Ambani.

The Nov. 8 letter to SEBI alleges Future Retail disclosed to Reliance price sensitive details of an injunction granted

Read More

TikTok to increase Irish staff to 1,100 in rapid expansion

By Padraic Halpin

DUBLIN (Reuters) – TikTok will increase its number of employees in Ireland to 1,100 by early 2021 from just 20 in January, the Chinese-owned video app said on Wednesday, a pace of expansion Ireland’s foreign investment agency said was one of the fastest on record.

TikTok said its senior executive team for Europe, the Middle East and Africa is now based in Dublin, overseeing privacy and data protection for Europe. The 900 people currently employed in Ireland represent almost half of TikTok’s 2,000 European staff.

The move comes as President Donald Trump and other American lawmakers have said TikTok is a national security risk and called for the divestment of the service in the United States, an order ByteDance filed an appeal over late on Tuesday.

The video app, owned by China’s ByteDance, also announced in August that it will set up its first European data centre

Read More

Apple Mac Mini With M1 Chip: Details, Prices And More

KEY POINTS

  • Apple has launched a new Mac mini
  • The company says the new model is way more powerful compared to the older Mac mini
  • It is now available for pre-order via Apple’s online store

Apple has announced three new Mac devices powered by its new M1 chip. All three devices are refreshed versions of their older, Intel-powered predecessors and are now available for pre-order via the company’s online store.

While two of these devices come in the form of MacBooks, the third one is the new Mac mini – Apple’s latest desktop computer.

Apple said this new model is way more powerful than its direct predecessor that was powered by Intel’s chips and is much smaller but more powerful compared to similarly-priced Windows computers.

Details

The new Mac mini features the new M1 chip inside its small frame. It has an 8-core CPU and 8-core GPU backed by 8GB

Read More

Online Travel Agent Global Market Opportunities And Strategies To 2030: COVID-19 Growth and Change

Online Travel Agent Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global online travel agent market.

New York, Nov. 11, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Online Travel Agent Global Market Opportunities And Strategies To 2030: COVID-19 Growth and Change” – https://www.reportlinker.com/p05983730/?utm_source=GNW

Description:
Where is the largest and fastest growing market for the online travel agent market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The online travel agent global market opportunities and strategies to 2030: COVID-19 impact and recovery answers all these questions and many more.

The report covers the following chapters

Executive Summary – The executive summary section of the report gives a brief overview and summary of the report

Read More

Highflying Nvidia widens its reach into enterprise data centers

Nvidia’s plan to buy British chip powerhouse Arm Ltd. for a cool $40 billion is just the latest move in the company’s evolution from a gaming chip maker to a game changer in enterprise data centers.

Nvidia’s goal is to take its high-powered processor technology and, through innovation, high-profile acquisitions (Mellanox, Cumulus and Arm) and strategic alliances (VMware, Check Point and Red Hat), provide a full-stack, hardware/software offering that brings the power of AI to companies that are modernizing their data centers.

The company’s charismatic and visionary founder and CEO Jen-Hsun (Jensen) Huang “is betting that AI is not really niche, that it’s something that’s going to be a big part of most companies’ data centers in the future,” says Linley Gwennap, president of the Linley Group, a research and analysis firm that specializes in the semiconductor market.

While Nvidia’s intentions around AI are clear, the company does face challenges

Read More

The CEO of Puppet Labs shares plans for an IPO as early as 2021

  • Puppet is bringing on two new board members in anticipation of a public offering as early as 2021, CEO Yvonne Wassenaar told Business Insider in an exclusive interview. 
  • The company has already begun conversations with bankers and is eyeing an IPO within the next 12-to-18-months. 
  • Puppet has yearly revenues over $100 million and is “cash flow positive,” with “the potential to be profitable” next year, according to Wassenaar.
  • “We think very carefully around where we invest the money and how we do that. But you will see us investing more aggressively,” she added. 
  • Visit Business Insider’s homepage for more stories.

Puppet is bringing on two new board members as the IT automation company prepares for an initial public offering as early as 2021, CEO Yvonne Wassenaar told Business Insider in an exclusive interview. 

Topa Insurance Group CEO Michael Day and chief digital information officer at biotech firm CSL Behring, Mark

Read More

Destination Tee Time Booker And SaaS Provider Golfscape Sees Growth Opportunities In Multiple Markets

With early data on Pfizer’s
PFE
coronavirus vaccine sparking optimism that a return to normal may be just around the corner, the travel golf industry is one space that looks poised to gain from months of pent up demand.

“While golf has proven to be a safe and socially distant activity for local golfers during the pandemic, a vaccine in distribution would be a boon for golf tourism and further accelerate customer demand in our industry,” said Golfscape CEO and co-founder Raghad Mukhaimer.

Golfscape, an international tee-time reservation platform which also sells cloud-based booking management software, services over 300 golf courses in 30+ destinations across Europe, Africa, the Near East, and Asia-Pacific regions. Last year Golfscape eclipsed the one million rounds booked milestone and earned just shy of a million dollars in

Read More

China Unveils New Regulations To Curb Anti-Trust Practices

KEY POINTS

  • Internet platforms not outside of antitrust laws: Regulators
  • A week ago, regulators grounded Ant Group’s $35-billion IPO
  • New rules by regulators for internet transactions will be released by June 2021

Upsetting China’s super-rich and its investors alike, the Communist nation is stepping up efforts to control some of its biggest technology companies in a bid to weed out antitrust practices.

On Tuesday, Beijing announced new regulations to curb monopolistic practices in the internet industry and reduce the influence of big corporations like Alibaba and Tencent in the market, Bloomberg reported. This comes a week after Beijing put new restrictions on the financial markets and in turn, suspended the $35-billion IPO of the Ant Group, which was expected to be the largest on the planet.

With the new regulations, Beijing seeks to create a framework, wherein anti-competitive practices can be stopped. These practices include sharing customer data and mergers

Read More