Home Business framework Big changes to Twitter…and more tech news for small businesses this week

Big changes to Twitter…and more tech news for small businesses this week

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Here are five tech events that happened in the past week and how they affect your business. Did you miss them?

1 – Twitter is planning big changes.

Although unconfirmed, Twitter plans to start charging users $8 per month for paid verification. The goal of the change is to turn Twitter’s optional $4.99 monthly subscription into a more expensive subscription that also verifies users. These are just a few of the many changes now owner Elon Musk is planning in the coming months, including improved content moderation and a shift to a more subscription-based model for all users. (Source: BBC News)

Why it matters to your business:

Millions of entrepreneurs and small business owners use Twitter around the world, and many of us have been following recent events closely since Elon Musk took ownership. Musk cleaned up and worked on new content moderation and revenue stream policies. Clearly its shift to a more subscription-based model and away from advertisers who might become nervous about “freedom of speech” changes is necessary to increase the company’s revenue streams while allowing its community to have a say. There are also rumors that it will turn the platform into a “super app” like China’s WeChat that can support mobile payments, banking and communications. If your business uses Twitter, expect to see a decline in followers as bots are removed. Also expect to pay to play. But if Musk succeeds in turning the platform into a better place for conversations and news, those changes could boost credibility and make Twitter a better place for free speech and free markets.

2 – Shopify acquired Remix to strengthen its storefront design tools.

Shopify recently acquired developer tools platform Remix in an effort to improve its storefront design tools. Remix is ​​a comprehensive web framework aimed at taking advantage of native browser functionality and distributed systems. Remix is ​​compatible with several public cloud services such as Cloudflare Workers, Vercel, Netlify, Google Cloud and Amazon Web Services. Shopify plans to use Remix on several projects. (Source: TechCrunch)

Why it matters to your business:

This is exciting news for Shopify storefront developers who want more open source tools for their projects. According to TechCrunch, “one of Remix’s key features is prefetching – the framework can prefetch elements of a web page in parallel, including buttons and forms, before a user clicks on a link to minimize loading the page”. Shopify believes Remix will make it “more easy for developers to deliver lightning-fast, resilient experiences on the web.”

3 – JPMorgan Chase wants to disrupt rent control with its payment platform for landlords and tenants.

JPMorgan Chase is rolling out a pilot platform to help digitize rent payments for property managers and landlords. The new payment platform will automate the invoicing and collection of all rents paid online. Although digital payments have increased in recent years, approximately 78% of rent payments are still made by paper checks. (Source: CNBC)

Why it matters to your business:

I always believed that over time banks would take over the accounting space and replace many of the current players with their own apps. This story is a good example. The property management industry is still stuck in the 70s when it comes to technology. 78% of payments are still made with paper checks? What? Cloud accounting apps struggled to move customers forward, but failed. JPMorgan Chase’s platform could be an answer. And if the bank succeeds in expanding these tools for this industry, there are other service-based industries that could also benefit from an upgrade.

4— This Walmart-backed fintech plans to test banking services in the coming weeks according to sources.

Fintech company One – which is backed by Walmart – plans to roll out checking accounts for beta testing to a small percentage of Walmart’s online customers and thousands of its employees. One of the goals is to provide these accounts to Walmart’s 1.6 million employees in the first year after rollout before introducing broader services. The fintech also plans to expand its investment and lending offerings. (Source: Yahoo Finance)

Why it matters to your business:

Another reason I think banks will eventually get into the accountancy business is that other businesses — like big-box retailers — are slowly eating away at their consumer banking. If Walmart is successful with this fintech project, I would expect similar offerings to be made available to its vendors and partners in the future.

5 – HR employee benefits platform Fringe recently raised $17 million to offer customizable perks.

HR tech startup Fringe raised $17 million in a recent funding round. The company enables its corporate customers to offer customizable employee benefits, giving staff the flexibility to choose the plans and benefits that best suit their life stage and needs. Fringe plans to use the funding to grow its team from 72 to more than 100 employees by the end of next month. (Source: Tech Crunch)

Why it matters to your business:

Fringe is a very popular platform with many of my clients because it provides a flexible way to provide employee benefits, from Uber rides to mental health services. Workers love it because they can choose the benefits they want. My clients love it because Fringe makes it easier for them to offer many different benefits from a single resource, reducing administration and monitoring.