China sought to reassure spooked investors that it wasn’t seeking to decouple from international markets after a crackdown on online tutoring sent China tech stocks crashing. Shares rose. Fan Xinghai, the vice chairman of China’s securities regulator, told global banks that Beijing would take into account market reaction before rolling out new policies, The Wall Street Journal reported. ...
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The Weekend startups culture
Knocked Down, Dragged Out, and Laid Off
Hi, welcome to your Weekend! It was a tough week (and month and quarter) for people in tech. And that goes double for folks who work in crypto, which has seen a calamitous drop from its pandemic-era heights.Many might feel a hint of schadenfreude about the humbling of crypto. Certainly, its leaders seem worthy of comeuppance, after pumping the space with enough hot air and hype to power a...
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