ByteDance will scale back its fintech operations and sell its brokerages, Reuters reported, amid tightening oversight of online financial services. The owner of TikTok, the global hit short-video app, operates stock brokerages Songshu Zhengquan in Hong Kong and Haitun Gupiao in mainland China. Last year, China ordered Alibaba’s financial services affiliate Ant Financial to restructure after...
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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
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