TikTok owner ByteDance is shutting down its online tutoring apps for children and laying off some of its employees in its online education business, after the Chinese government recently issued new rules that ban tutoring services that teach school curriculum, according to a person with knowledge of the matter. ByteDance’s latest move, which was reported earlier by Chinese media outlets, is an...
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A Billionaire Couple Goes for Broke: How John and Laura Arnold Plan to Give It All Away
On Election Day, John and Laura Arnold found themselves deep in the lion’s den: a few blocks from the White House, working from the new Washington D.C. offices of their foundation, Arnold Ventures. The mood in town? “Jittery,” Laura said. Republicans were hoping for a big sweep of Congress; Democrats were trying to forestall the flood. The Arnolds were paying attention to...
DOJ Seeks Independent Examiner in FTX Case to Investigate Fraud Allegations
Amazon Entertainment Chief Jeff Blackburn to Exit Company
Galaxy Wins Bid to Buy Bankrupt Crypto Lender Celsius’ GK8 Unit
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