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Peer-to-peer payments app Verse, which is now live in 27 countries, raises $20.5M Series B led by Spark Capital, to power its push beyond Europe (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch:
Peer-to-peer payments app Verse, which is now live in 27 countries, raises $20.5M Series B led by Spark Capital, to power its push beyond Europe  —  Social payments app Verse has closed a $20.5 million Series B round of funding from its existing investors.  The round is led by Spark Capital …


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Sources: Ford replaces Mark Fields as CEO with Jim Hackett, head of its autonomous vehicle unit (Bill Vlasic/New York Times)

Bill Vlasic / New York Times:
Sources: Ford replaces Mark Fields as CEO with Jim Hackett, head of its autonomous vehicle unit  —  DEARBORN, Mich. — In a shake-up reflecting the pressures on the American auto industry, Ford Motor is replacing its chief executive, Mark Fields, according to officials briefed on the move.


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Etsy is under pressure from activist investors to grow revenue, reduce spending and perks, and give up its ethical ideals (Bloomberg)

Bloomberg:
Etsy is under pressure from activist investors to grow revenue, reduce spending and perks, and give up its ethical ideals  —  “There is one and only one social responsibility of business,” the economist Milton Friedman famously wrote in 1962.  And that is “to use its resources and engage …


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