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Many baulked when Facebook head Mark Zuckerberg agreed to drop $1 billion on Instagram in April 2012. \"That's $33 per user,\" said some; \"there's no business model!\" screamed others. Less than three years later and Citigroup now says Instagram is worth $35 billion. That's almost 49 times higher tha

2 days ago 0 Comments
December 19, 2014 at 1:28PM
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Come June 28th, Wall Street outfits including the likes of Citigroup and Bank of America will be under siege -- from fake hackers, that is. Representatives from a total of 40 companies along with the Federal Reserve, Securities and Exchange Commission, US departments of Treasury and Homeland Secur

1 year ago 0 Comments
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You've most likely heard plenty about NFC-capable smartphones, but little in the way of actual real-world uses for the chip. Well, MasterCard's looking to change all of that, and throw in a few innovations of its own courtesy of its in-house R&D labs and Google. Shown off at an event today, th

3 years ago 0 Comments
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Like Canada, Mexico's getting mobile payments, too, but these are just a bit different in two very important respects. One, this is a full-fledged service being underwritten by Telefonica, Iusacell, Citibank, and BBVA -- not just a trial. Two, unlike the NFC-based Canadian system, this one will rely

6 years ago 0 Comments
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We'd previously noticed that Cingular was collaborating with Citigroup on some sort of mobile payment system in New York City, though details were pretty slim for the picking at the time; now the carrier has come out with full disclosure on exactly what it is they have up their sleeves. Like its Atl

8 years ago 0 Comments
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We'd previously noticed that Cingular was collaborating with Citigroup on some sort of mobile payment system in New York City, though details were pretty slim for the picking at the time; now the carrier has come out with full disclosure on exactly what it is they have up their sleeves. Like its Atl

8 years ago 0 Comments
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We wear a little thin with analysts always doing their analyst thing and telling us what companies are up to with no proof whatsoever, but it sure seems Citigroup Investment Research is pretty confident this time about Dell going AMD in September. They're claiming to have \"confirmed from industry

8 years ago 0 Comments