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WeWork opens new sites at breakneck speed despite cash-burn concerns
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.

SoftBank seeks control of WeWork through financing package: source
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.

New Zealand PM Ardern steps up fight against extremist online content
New Zealand's Prime Minister Jacinda Ardern announced more funding and support on Monday to target violent extremist content online, just months after an alleged white supremacist livestreamed a massacre at two mosques in Christchurch.

Blizzard Entertainment cuts punishment for HK gamer in protests row
Blizzard Entertainment has reduced the punishment that it dealt out to a Hong Kong-based Hearthstone esports player for his public support of pro-democracy protests in the city, after its decision sparked controversy among players and the public.

Trade war rejuvenates 'Silicon Valley' firms in Malaysia
Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it's hiring more workers, considering an expansion, and picking and choosing orders.

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.

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.

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.

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.

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.

 

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