Kristo Käärmann, one of the co-founders of Wise, has been undergoing a tax fraud investigation which left the company’s stock price to fall by about 2.8%. The investigation was initiated after the British Tax authority listed Käärmann publicly as an individual who defaulted on their tax payments. The estimated tax amount due for Käärmann was […]
Wise Co-Founder Under Tax Investigation Read More »
This past Friday, four Democratic senators from Massachusetts, New Jersey, Oregon, and California together wrote a letter to Lina Khan, chair of the Federal Trade Commission, accusing Apple and Google of unethically collecting and selling “hundreds of millions of mobile phone users’ data”. For each of the companies’ mobile operating systems, iOS and Android respectively,
On Friday, the United States Supreme Court overturned the 50-year old Roe v. Wade ruling which granted women the constitutional right to abortion. The court passed the baton on to state leadership to decide whether or not to allow abortion to take place in their respective states. Preliminary data suggests that over twenty states are
Big Tech’s Overwhelming Response to the Overturning of Roe V. Wade Read More »
Amid the crypto crash, WonderFi has been approved to be listed on the TSX, and claims to be the only registered crypto-trading platform on the stock exchange. TSX had reportedly approached WonderFi in the hopes of broadening the crypto-trading options. This new development comes as a surprise amid such poor market conditions. WonderFi has been
WonderFi emerges on the TSX Read More »
The BNPL business model emerged out of a very low-interest rate environment, which allows the firms to raise funds at a relatively low cost. These firms have created one of the fastest-growing segments in consumer finance, with transaction volume reaching $120 billion USD in 2021. The business model is especially popular among young consumers during
Buy Now Pay Later business model faces test as interest rates increase Read More »
The tech industry has been hit multiple times this year and the cracks are finally starting to show. Layoffs and hiring freezes are being widely implemented. The latest company to join the fray is Coinbase, a cryptocurrency exchange platform that recently released a statement announcing that it will be cutting 18% of its current staff.
Workers feel the brunt of tech losses Read More »
