Wall Street Banks Fined $549M for Using WhatsApp ‘Off-Channel’

Internet marketing

Several Wall Street banks were hit with substantial fines by two regulatory agencies on Tuesday for utilizing “off-channel” messaging services and failing to properly preserve the communications wherein deals, trades, and other business were discussed. The Securities and Exchange Commission (SEC) is imposing fines totaling $289 million across nine firms, while the Commodity Futures Trading…

WeWork goes from a $47B valuation to ‘substantial doubts’ about its ‘ability to continue as a going concern’

Internet of Things

WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company’s ability to continue as a going concern.” WeWork has faced a number of challenges for years now, and with so many companies abandoning office space and more people being…

WeWork goes from a $47B valuation to ‘substantial doubts’ about its ‘ability to continue as a going concern’

Smart Tvs

WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company’s ability to continue as a going concern.” WeWork has faced a number of challenges for years now, and with so many companies abandoning office space and more people being…

Lyft wants to kill surge pricing

Drones

Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in revenue per active rider. That discrepancy was fueled by a decision by the company to…

Lyft wants to kill surge pricing

Smart Cars

Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in revenue per active rider. That discrepancy was fueled by a decision by the company to…

Lyft wants to kill surge pricing

Robotics

Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in revenue per active rider. That discrepancy was fueled by a decision by the company to…