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How SoftBank's $500M bet on US mortgage lender Better, once valued at $7B, backfired; BETR is down 90%+ since its August 2023 IPO after a US SEC investigation (Financial Times) 22-12-2023

Financial Times: How SoftBank’s $500M bet on US mortgage lender Better, once valued at $7B, backfired; BETR is down 90%+ since its August 2023 IPO after a US SEC investigation  —  Multibillion-dollar investment in start-up soured as interest rates rose and Spac craze ended  —  In April 2021 … Lees verder op Tech Meme

EU member states reject a provisional deal that would have required platforms like Uber and Deliveroo to give full employment status to around 5.5M gig workers (Max Ramsay/Bloomberg) 22-12-2023

Max Ramsay / Bloomberg: EU member states reject a provisional deal that would have required platforms like Uber and Deliveroo to give full employment status to around 5.5M gig workers  —  – Rules will go through further negotiations with EU lawmakers  — Deal could have cost industry billions of euros annually Lees verder op Tech Meme

Paxos plans to expand its products to the Solana blockchain on January 17, 2024, after receiving approval from the NY financial regulator (Leo Schwartz/Fortune) 22-12-2023

Leo Schwartz / Fortune: Paxos plans to expand its products to the Solana blockchain on January 17, 2024, after receiving approval from the NY financial regulator  —  The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on January 17, 2024. Lees verder op Tech Meme