Tag: Online Service Providers

U.S. regulators probing whether Facebook violated a 2019 settlement over privacy concerns

WASHINGTON—Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s  FB, -3.92%  internal company research had identified ill effects from its products, according to people familiar with the matter. Officials are looking into whether Facebook research documents indicate that it might have violated a 2019 settlement with the agency over privacy concerns, for which the […]

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Software executive sentenced to 9 years for role in $50 million horoscope text-messaging fraud

The former-CEO of an Australian mobile software company has been sentenced to more than nine years in prison for his role in a massive horoscope text-messaging fraud that bilked $50 million from hundreds of thousands of U.S. cell phone users.  Michael Pearse, 52, was accused of helping develop software that would auto-subscribe unwitting cell-phone customers […]

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Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product

Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new weekly crypto newsletter “Distributed Ledger,” which will kick off next month. I’m Mark DeCambre, managing editor of markets and I’ll walk you through the latest and greatest in digital assets this week so far. There […]

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A California investment firm went from near ruin to managing over $100 billion: Its turnaround may offer solutions to the ‘Great Resignation’

An earlier version of this article included the incorrect year of death of one of WCM’s key partners. The error has been fixed. The story also clarifies details related to the company’s late-1990s buyout when it had $200 million in assets under management. Portfolio managers Peter Hunkel, Paul Black, Mike Trigg, and Sanjay Ayer of […]

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5 reasons ‘Squid Game’ is dominating memes, streams and Halloween

Note: While this piece avoids specific “Squid Game” plot spoilers, it does give a general overview of the story and its themes that could still be considered spoilers.  The Korean survival drama that’s poised to become Netflix’s most watched series of all time has spread its tentacles into sneaker and tracksuit sales, WallStreetBets meme culture, […]

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