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Nextdoor, a hyperlocal social network, is aiming to reach $1 billion in ad revenue by 2020 as it rolls out advertising for the first time. via @Adweek

This article examines the evidence behind brand purpose and argues that a frequently cited study on the topic has significant flaws. via The Drum.

Ethan Steinberg and Chris Nelson review the Amex Platinum card and its extensive perks, evaluating its value despite the high annual fee. via The Points Guy.

Ani Ramen House is opening a location in Jersey City, featuring Japanese-style cocktails designed by Kenta Goto.

Creative agency Deutsch is launching an AI team to help brands navigate virtual assistants, the Internet of Things, and bots. via Adweek.

Microsoft is acquiring Deis, a company that specializes in cloud-based application development. via WIRED

Palmer Canning Systems releases product updates for 2017, including a partnership with WaveGrip for sustainable can packaging. via Craft Brewing Business

Rather than launching a traditional IPO, Spotify is selling shares directly on the private market. via recode

Congress recently voted to overturn online privacy policies enacted by the FCC.