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Blockchain may not be as cool as it thinks it is

Pop quiz: Which of Alphabet Inc., Apple Inc., Amazon.com Inc., Facebook Inc. and Netflix Inc. has shouted most to investors about Bitcoin or blockchain? The answer is… none of the above. Bloomberg’s database of regulatory filings shows no mention of either blockchain or Bitcoin in these companies’ disclosures since 2008. The closest was Netflix CFO David Wells, who said on ...

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Wells Fargo has shown us its contemptible values

My favourite bit in the Wall Street Journal story about Wells Fargo & Co.’s latest regulatory screw-up was this statement from the bank’s public relations department: Over the past several months we’ve built more robust internal processes that reinforce our values, and if we find any situations where behavior violates those values, we take swift action to correct. To which ...

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Xiaomi’s real IPO killer just arrived from Beijing

Xiaomi Corp.’s IPO killer just arrived on the scene. China Tower Corp., a telecommunications construction firm that’s owned by the country’s three state operators, is following in the smartphone seller’s footsteps, applying to go public in Hong Kong. The Beijing-based group may raise as much as $10 billion, putting it in the same league as Xiaomi, which is seeking a ...

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