TikTok’s Chinese owner ByteDance is capping the amount of overtime employees can clock. Employees will need permission to work longer as China takes aim at its grueling work culture, which is nicknamed ‘996’ because employees work from 9 a.m. to 9 p.m., six days a week. Workers routinely stay until midnight. An internal memo said that ByteDance employees are now mandated to work only 10...
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‘Winner-Take-Most’: Anthony Noto’s Ambitions for SoFi Take Shape
Anthony Noto has long had a knack for grabbing attention. When he was a top executive at Twitter, Noto struck a deal with the NFL to air Thursday night games, thrusting the social media service into the streaming market, to the surprise of even many Twitter employees, according to people who worked there at the time. More recently, SoFi Technologies, the financial services company Noto leads as...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
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