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  • Sep 03, 2024

SEC’s WhatsApp Probe Expands as Moody’s, S&P Hit With Fines

(Bloomberg) -- Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called WhatsApp investigations.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Securities and Exchange Commission said Tuesday that Moody’s and S&P will each pay $20 mill

  • Sep 03, 2024

Bitcoin ATMs are a hotbed for scams, FTC says

The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. Since 2020, the FTC says, fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024, consumers have lost more than $66 million to these scams. Scammers use tactics like fake phone calls, messages and security alerts to convince people that they're in danger, and that they should deposit cash into a Bitcoin ATM to protect it.

  • Sep 03, 2024

Snap to focus on growing ads business, augmented reality amid poor stock performance

The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players such as Instagram parent Meta Platforms and Bytedance's TikTok for advertising revenue. At the start of August, Snap projected a weak forecast for the current quarter, citing a decrease in advertising spend and is now expected to report fiscal 2024 revenue of $5.34 billion, according to LSEG data. Snap's stock has fallen around 48% so far this year.

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