Shares of Chinese tech stocks continued to slide, battered by pressure from U.S. and Chinese regulators and fears that Chinese companies could face sanctions if Beijing aids Russia. The Nasdaq Golden Dragon China Index, which follows American depository receipts of Chinese companies, has fallen 75% from its peak, according to Bloomberg. On Monday, it fell 12% to the lowest point since July...
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SEC Probes Whether SoftBank-Backed Messaging App Misled Investors
The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws, including in the way the startup described its business performance during talks with investors, according to people with knowledge of the situation. The SEC investigation began after The Information reported in May that some IRL employees had expressed concern to...
Plaid Cuts 20% of Staff After Growth Falls Short
U.S. National Security Deal on TikTok Held Up on Security Concerns
Pinterest Adds Elliott Management Executive to its Board
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