SoftBank seeks control of WeWork through financing package: WSJ
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, the Wall Street Journal reported.
TECHNOLOGY
Uber and Banco Inter in talks to forge partnership in Brazil: source
Brazilian lender Banco Inter SA and Uber Technologies Inc are in talks to forge a partnership in financial services, a source familiar with the matter said, in a move that shows how Japan's SoftBank Group Corp is working to integrate its business in Latin America.
Lyft follows Uber in suing NYC over cruising time caps
Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.
Warren campaign challenges Facebook ad policy with 'false' Zuckerberg ad
U.S. Senator Elizabeth Warren's Democratic presidential campaign this week challenged Facebook's policy that exempts politicians' ads from fact-checking, by running ads on the social media platform containing the false claim that Facebook CEO Mark Zuckerberg endorsed President Donald Trump's re-election bid.
Facebook's Libra currency abandoned by major financial companies
Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project.
U.S. SEC halts Telegram's $1.7 billion digital token offering
U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.
FTC's antitrust chief, who spearheaded tech task force, to step down
The Federal Trade Commission, which works with the Justice Department to enforce antitrust law, will lose the head of the Bureau of Competition next month, Chairman Joe Simons said in a statement on Friday.
Digital assets subject to money-laundering, disclosure laws: U.S. regulators
Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.
SoftBank-backed Vir Biotechnology's shares tumble in market debut
Shares of SoftBank-backed Vir Biotechnology Inc fell as much as 28% in one of the worst market debuts in recent months, adding to the gloom in the IPO market after WeWork's failed attempt to list its stock.
Portugal cautious about risks posed by Facebook's Libra
Portugal's Secretary of State for Finance raised concerns about Facebook's digital currency Libra on Friday, stating that it should not circulate until the risks it could pose for the financial system are addressed.