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The incumbents go shopping for startups


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Despite a past that’s seen more ups and downs than a soap opera, including a U.S. adventure that ended faster than a New York minute (the company withdrew its U.S. banking application) and a valuation wobble that would make even seasoned investors queasy, Monzo’s managed to pull a phoenix act. Aww, it got all over the interneeeeet: In a plot twist that reads like a cyber thriller, YX International, the SMS hub routing millions of texts across the globe, recently played the role of the inadvertent villain by leaving a digital door wide open. : Very sus, some might say, as Meta’s social media trifecta — Facebook, Instagram, and the new kid on the block, Threads — decided to take an unscheduled vacation, leaving users staring at error messages and longing for the digital embrace of their newsfeeds, as the U.S. went to vote in our Super Tuesday primary elections.

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