By S-3 Public Affairs
Fact of the Week: CNN shares the story of how Square technology has helped small, struggling cities, recover. Webster City, Iowa – population 8,000 – is home to more than 40 businesses that use Square. The idea is “to cater to travelers passing through town often without cash. (Webster City is right off I-35, making it a pit stop on the way to Des Moines).” CNN adds, “About 2 million businesses nationwide use Square. The company continues to innovate with new products. It recently announced its first standalone cash register with its software and payments technology built inside. Square stock is up 175% this year, compared with 2016.”
Recode adds to Square’s success story, “Since its IPO, Square’s valuation has grown about four times to nearly $17 billion today.”
In the Media: The Wall Street Journal reports, “Major online news publishers and technology companies have agreed to adopt a set of transparency standards set forth by industry consortium The Trust Project, in an attempt to help readers better assess the quality and reliability of the journalism they find on the web. A set of eight new “trust indicators” will enable publishers to volunteer key information about their journalism, including who it was written by, why it was written, how it was sourced and reported, and whether it’s news, opinion or sponsored content. Companies including The Economist, The Globe and Mail, the Independent Journal Review, Mic, Trinity Mirror and the Washington Post have agreed to implement the indicators this month, with other members of the 75-strong consortium expected to follow in the next six months.”
In the Administration: The President will host the National Thanksgiving Turkey Pardoning Ceremony at the White House on Tuesday. He will then head to Florida to celebrate Thanksgiving.
On the Hill: The House and Senate are out this week for Thanksgiving.
- Monday: Senate Finance Subcommittee field hearing on NAFTA modernization;
- Tuesday: Senate Veterans’ Affairs Committee field hearing on the state of VA services in Ohio;
- Thursday: Happy Thanksgiving!
- Friday: Black Friday | BONUS Fact: New Morning Consult polling finds, “Fifty-eight percent of young adults said they prefer shopping on Black Friday, the traditionally in-store shopping holiday, while 42 percent said they favor Cyber Monday, which is usually tied to online shopping for the holidays. … Adults 45 and older prefer Monday’s online shopping experience during the holiday season, the poll showed.”