TikTok is pushing into in-app shopping through a partnership with Shopify that will allow merchants to sell products directly to app users, a sign of social media companies’ efforts to better integrate e-commerce into their products. The new feature, announced Tuesday, is available for users in the U.S. and U.K. and lets Shopify merchants with a TikTok business account, such as Kylie Jenner,...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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