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Warning Labels for Social Apps? & IRS Closes $50B Loophole

Morning Brew Daily

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Social Media Safety and Financial Oversights

This chapter emphasizes the pressing need for increased safety regulations on social media, proposing warning labels akin to those on tobacco products. It also highlights recent initiatives by the IRS to address tax evasion among wealthy individuals and scrutinizes financial missteps by Wells Fargo in its partnerships with fintech startups. The discussion contrasts negative outcomes with the potential for learning and innovation within the banking sector.

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