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Protocol | Fintech

The promise and problems for banking-as-a-service

A race is on to supply non-fintechs with backend financial technology to help improve their customer experience. Plenty of obstacles lie in the way.


AT&T spins off pay TV business, TPG takes 30% stake

The deal, which was announced Thursday afternoon, sees AT&T spinning off its struggling DirecTV satellite TV business as well as its Uverse TV service and the AT&T TV Now internet TV service into a separate company called DirecTV. AT&T will hold a 70% stake in the new company, while TPG is acquiring 30%.

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ViacomCBS to launch Paramount+ streaming service for $9.99 a month

The media giant unveiled plans for its upcoming streaming service at a virtual investor event Wednesday, detailing that the service will offer consumers more than 30,000 episodes of TV shows, including 36 original series that are slated to debut this year.

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Biden signs executive order on semiconductor supply chains

The executive order calls for reviews across federal agencies into the global supply chains used by four major industries: semiconductors, batteries, critical minerals and pharmaceuticals. The order offers an early insight into the Biden administration's approach to China, which will encourage an investment in U.S. manufacturing.

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Startups ask for government aid to improve diversity

More than 113 startups and the Google-backed trade association Engine are laying out their vision for creating a more inclusive economy – and it starts with more funding from the government.

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Facebook says it gladly pays for news, but rejects 'open ended subsidies'

Facebook's Nick Clegg has attempted to set the record straight on the company's recent dealings with the Australian government, explaining in a blog post why Facebook briefly removed news from the platform in Australia ahead of a new law being passed that would change the company's relationship to publishers. Facebook's planning to spend $1 billion with publishers over the next three years, he said, but on its own terms.

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