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WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post. Issues with rising retail costs, traffic and more ended up derailing the plans.

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. The open banking platform’s valuation is up more than 60 percent from the €415 million it was worth in January. and internationally — especially in China.

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Walmart+, Amazon Pay, and The Battle For The Digital Consumer Top This Week's News

PYMNTS

Capturing consumers and getting them to convert at checkout will be more complicated and higher stakes this holiday season than ever before, according to Doug Bland, PayPal’s senior vice president of global credit. Amazon Pay Rolls Out Touchless Payments With Alexa At More Than 11,000 ExxonMobil Stations. DATA: More Than Half Of U.S.

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Pinterest Powers Up Its Shopping Features

PYMNTS

Around half of all Pinterest users make over $50K a year, about 40 percent make more than $100K a year and about 10 percent early more than $125K per year. And they use Pinterest to guide their shopping, both indirectly — 72 percent report using Pinterest to determine what they purchase offline — and more directly.

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Thrifting Through Retail Finds

PYMNTS

From thredUP to The RealReal , Tradesy and SnobSwap , every retail segment out there today seems to be looking for some sort of deal on discounted items, especially clothes. These second-hand retail options have become so popular that there is now an entire day dedicated to celebrating them: National Thrift Store Day.

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Big Plays Push Investments & RedKix Grabs $17 Million In Seed Funds

PYMNTS

RedKix put together a rather jaw-dropping seed round of $17 million that includes Salesforce Ventures, Wicklow Capital, SG VC, Oren Zeev, Ori Sasson (which was one of the first investors in VMware), and more. The firm makes enterprise resource planning and retail management software.

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The Difference Makers: Key Person(s) Valuation

Musings on Markets

In fact, at Tesla, a company that I have valued at regular intervals over the last decade, the question of what Elon Musk adds or detracts from value has become more significant over time, rather than fading. Staying at the top, CEOs for companies often become entwined with their companies, especially as their tenure lengthens.

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