Facebook today criticized the preliminary decision by the UK’s Competition and Markets Authority requiring it to sell Giphy, a provider of animated images. Facebook’s fight to buy Giphy spans three continents and has become emblematic of the regulatory fight against the largest internet companies. In August, the CMA issued a tentative ruling that the May 2020 deal ran afoul of the...
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Let’s Talk About Jack Dorsey
Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can...
U.S. Prosecutors Charge Do Kwon with Fraud after Arrest in Montenegro
Mysten Labs to Buy Back Investment From FTX for $96 Million
Slack’s Sales Chief Departing Salesforce Next Month
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