China’s central bank found violations of anti-money laundering rules during an inspection of Tencent’s hugely popular WeChat mobile payments platform, The Wall Street Journal reported. The report said the company could face a record fine for breaches of China’s know-your-customer and know-your-business regulations, as well as for allowing the laundering of gambling proceeds. China has been...
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Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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