Tag: transaction

Venmo, Cash App, and Zelle Now Required to Report Transactions Over $600 to IRS and Users Are Upset

January 14, 2022
Business & EconomyCompaniesIRSreporttransaction
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A new tax law that took effect at the start of 2022 is not being welcomed by users of mobile payment services. What Happened Starting this year, the IRS is requiring mobile payment apps such as Zelle, Block Inc.’s Cash App and Paypal Holdings Inc.’s Venmo to report business transactions totaling more than $600. The new provision only affects businesses…

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Zoom Acquires Certain Assets From Liminal for Undisclosed Sum

December 28, 2021
Business & EconomyMarketsstockstransactionzoom
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Zoom Video Communications Inc. recently acquired certain assets from Liminal. The financial terms of the transaction remain undisclosed. Liminal is a startup company that offers event production solutions built primarily on Zoom’s SDK. Two of Liminal’s co-founders, Andy Carluccio and Jonathan Kokotajlo, will join Zoom. Liminal’s solutions, including their ZoomOSC and ZoomISO apps, will help…

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