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Scott Thompson stepped down as CEO this weekend after inaccuracies were found on his resume.

Breaking news from your editors at Fast Company, with updates all day. Yahoo Board Shakeup. Four long-standing Yahoo board members have decided not to stand for re-election, including chairman Roy Bostock

The company will start offering deals tailored to users' buying history and cell phone location in the first quarter of 2012. PayPal is diving into the daily deals business

PayPal paid around $240 million to buy Zong , which it calls one of the "leading providers of payments through mobile carrier billing." The firm has relationships with more than 250 cellphone networks in 45 countries, and combined with PayPal's 100 million-ish user accounts, it could give PayPal the "potential to reach the more than 4 billion people around the world who have mobile phones," according to the company. It's a bold move for PayPal.

Jack Dorsey's Square is on a ($100 million) tear this week, but the competition is heating up--and they have bigger plans for a wireless payment future that could arrive as soon as next year. Square just received a $100 million cash injection and is now valued at a cool $1 billion