Tag: money
Personal finance, economic trends, and wealth management.
Shein Targets $90 Billion Valuation in Upcoming IPO
Shein, the Singapore-based fast fashion giant, is setting its sights high for its U.S
Uber releases Q3 financials
Uber Technologies Inc (NYSE:UBER) has delivered a good performance in Q3 2023, showing a strong recovery with a net income of $221 million
Mint.com to be sunsetted
Intuit’s decision to sunset Mint in favor of Credit Karma has unsettled its vast user base
WeWork Chapter 11 bankruptcy
In a striking turn of events, WeWork, once a darling of the corporate real estate world, has filed for Chapter 11 bankruptcy protection in New Jersey
FTC Cracks Down on Hidden Junk Fees
The Federal Trade Commission (FTC) is taking a bold step to protect consumers from unexpected "junk fees" by proposing a new rule that mandates upfront disclosure
Lyft Fined $10 Million Over Icahn-Soros Deal
Lyft Inc. has settled a $10 million fine with the SEC for not disclosing a board director's role in a share sale involving billionaires Carl Icahn and George Soros, just before the company's 2019 IPO. The director, identified as Jonathan Christodoro, helped Icahn sell a 2.6% stake in Lyft to Soros at a discounted rate. Christodoro reportedly received fees for the deal and resigned from Lyft's board at the time of the transaction. The case raises questions about Lyft's transparency and disclosure practices.