Chinese internet giant Tencent said it fired nearly 70 employees for violating rules against corruption such as bribery and embezzlement. The company reported more than 10 of those people to the police. In a statement posted on one of the company’s official accounts on the WeChat social networking app, Tencent also included the names of some of the fired employees, their previous jobs at the...
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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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Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
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