Money

WeChat suspends accounts associated with NFTs, clarifying rules

Published

2 years ago

April 1, 2022

ticker NEWS

The company has reworked their rules surrounding the digital collectible.

China has not yet announced any clear rules around NFTs but has banned the trading of digital currencies within the country.

Normally, the tokens are bought with cryptocurrency but within China they are paid with the Chinese yuan allowing more regulation.

Some tech companies are therefore restricting secondary trading of NFTs to avoid any potential issues with the government.

WeChat clarified its rules surrounding the tokens through Weibo, a Twitter-like platform in China writing that official accounts can display NFTs but secondary sales are not allowed.

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Meta allegedly promoting negative coverage of TikTok

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.