News Byte

Peter Thiel Leads $20M Round for ZestFinance’s Big-Data Underwriting

ZestFinance, which analyzes data to help get loans to people with bad credit, has raised $20 million in Series C funding led by Peter Thiel. The 65-person, Los Angeles-based company, which previously made its own loans but now works with partners, said it is lowering default rates and cutting the cost of credit by crunching data on borrowers.

Cheat Sheet: Here’s What T-Mobile Is Announcing Wednesday, in Five Bullet Points

The un-carrier is at it again. Here are the basics of the news, minus the exclamation points and pink T-shirts.
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Equifax Buys Identity Protection Startup TrustedID for About $30 Million

The data giant picks up a well-respected Silicon Valley ID protection firm.
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Winter Is Coming, Today! “Game of Thrones” Meets AllThingsD.

Winter might be coming, but we got George R.R. Martin to sit in our red-hot interview chairs.
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Square COO Keith Rabois Departs Company

The management did not add up.
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HP Credit Rating Cut by Moody’s, Put on Negative Watch

Another day, another shoe drops.
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Facebook 8-K: Zuckerberg Will Not Sell Any Shares for One Year (Filing)

Damage control at the social networking giant commences.
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Amex Knocks Google for Misleading Comments About Its Role in Google Wallet

No official agreement has been signed.
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Google Wallet Now Supporting Multiple Cards, Like, Um, a Real Wallet

Now consumers can pay with a Visa, MasterCard, American Express or Discover card.
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Cash Isn't King–Liquidity Is