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CADE, Brazil’s antitrust regulator, said on Monday it has opened an investigation into the updated terms of Meta Platforms’ WhatsApp Business tool, citing concerns over potential anti-competitive practices. As part of the probe, CADE has ordered the suspension of the new terms in Brazil while the case is under review. According to the regulator, the […]
Meta Platforms plans to cut around 10% of employees in its Reality Labs division, according to a report by the New York Times citing three people familiar with the discussions. The layoffs, which could be announced as soon as Tuesday, are expected to fall disproportionately on teams working on metaverse-related products, including virtual reality headsets […]
BitGo said on Monday it is seeking a valuation of up to $1.96 billion in its planned U.S. initial public offering, aiming to capitalize on renewed investor appetite for cryptocurrency-related companies. The Palo Alto, California-based firm and some existing shareholders plan to raise as much as $201 million by offering 11.8 million shares priced between […]