May 19

🏪 FTX Expands Into Stock Trading

Plus: Mark Cuban supports Biden proposal to forgive student debt, Why Tesla was kicked out of the S&P 500's ESG index, and more…

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Join the Newslit Team every weekday morning as they guide you through some of the most fascinating stories in tech and business to supercharge your mornings.
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Today’s pick

Crypto Exchange FTX Expands Into Stock Trading. Crypto exchange FTX will let customers trade stocks and exchange-traded funds on its popular trading app alongside bitcoin and dogecoin. FTX on Thursday will open access to its new stock-trading service for a limited number of U.S. users, the head… (Alexander Osipovich / Wall Street Journal)


Mark Cuban supports Biden proposal to forgive $10,000 in student debt. Entrepreneur Mark Cuban told Insider that he's in favor of Biden's proposal to cancel $10,000 in student debt per borrower. That's a reversal from his previous position, saying cancellation bails out higher-ed institutions. He said that making sure… (Jason Lalljee via Business Insider)


Why Tesla was kicked out of the S&P 500's ESG index. In a blog post Wednesday, the S&P explained why it kicked Tesla out of its ESG index earlier this month. It said that Tesla's 'lack of a low-carbon strategy' and 'codes of business conduct,' along with racism and poor working conditions reported at… (Lora Kolodny / CNBC)

Twitter avatar for @harihari sreenivasan @hari
Why Tesla was kicked out of the S&P 500's ESG index
buff.ly/3NlcJtc by @lorakolodny Besides not having a carbon reduction plan… or a business code of conduct… there’s these other small matters… some good old air pollution, a smidge of racism….
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Meta freezes hiring for shopping team, Messenger Kids, and other products. Meta is pulling back its investments in a number of products, including the teams it spun up early in the pandemic to compete with Zoom and build shopping features, The Verge has learned. In addition to a hiring freeze for certain engineering… (Alex Heath / The Verge)


Plaid officially expands into identity and income verification, fraud prevention and account funding. Fintech decacorn Plaid is expanding beyond its core product of account linking — its first major expansion since its 2013 inception. In conjunction with its “Plaid Forum” event, the startup today unveiled a number of… (Mary Ann Azevedo / TechCrunch)


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