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Report: Snapchat Cuts Dozens of Jobs With More Layoffs Planned
Report: Snapchat Cuts Dozens of Jobs With More Layoffs Planned
February 04, 2024  |  Social Commerce

Snapchat parent Snap has reportedly laid off workers with more job cuts to come. The social media platform cut several dozen staff members last week, Business Insider reported Saturday (Feb....

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Iran Reportedly Used UK Banking Giants to Avoid Sanctions
Iran Reportedly Used UK Banking Giants to Avoid Sanctions
February 04, 2024  |  Bank Regulation

Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the...

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Taylor Swift Drove 2% of All Music Sales in 2023
Taylor Swift Drove 2% of All Music Sales in 2023
February 04, 2024  |  Streaming

Last year, Taylor Swift accounted for 2% of the music industry’s entire sales. But as the megastar prepares to make history — in the running...

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Connecticut Will Cancel $650 Million in Medical Debt
Connecticut Will Cancel $650 Million in Medical Debt
February 04, 2024  |  Healthcare

Connecticut reportedly plans to cancel $650 million in medical debt for its residents. This relief will impact around 250,000 people and will make Connecticut the first state...

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Ripple Prepares to Expand Payments Business in US
Ripple Prepares to Expand Payments Business in US
February 04, 2024  |  Blockchain

Ripple says it’s planning to expand its payments business in the U.S. Right now, 90% of the blockchain company’s business is based outside the U.S.,...

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IPO Market Recovery Could ‘Take Some Time’
IPO Market Recovery Could ‘Take Some Time’
February 04, 2024  |  IPO

So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and...

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Apple’s Changes in Royalties Strike Sour Note With Indie Labels
Apple’s Changes in Royalties Strike Sour Note With Indie Labels
February 04, 2024  |  Apple

Apple’s plans to pay more for songs produced with higher-quality audio are causing discord among some artists. That’s according to a report Friday (Feb. 2)...

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Report: Paytm Rebuts Money Laundering Claims Amid RBI Probe
Report: Paytm Rebuts Money Laundering Claims Amid RBI Probe
February 04, 2024  |  Bank Regulation

India’s banking regulator has reportedly found thousands of Paytm Payments Bank accounts created without proper identification. The Reserve Bank of India (RBI) has turned this information...

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Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
February 02, 2024  |  Transportation

Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2). The company was in the midst...

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