WeWork to Restate Results Due to Error With Its SPAC Acquirer 
 

WeWork said in a securities filing it would restate several quarters of results, including its latest quarter, and that management has concluded there was a material weakness in its internal control.

 
Disney Elects Susan Arnold as Board Chairman, Replacing Robert Iger 
 

Ms. Arnold has extensive experience on boards and with consumer goods. Her career included positions at the Carlyle Group and Procter & Gamble.

 
Square Changes Its Name to Block 
 

The name change comes shortly after the company's CEO, Jack Dorsey, stepped down at Twitter and aligns with his interest in bitcoin and blockchain.

 
Bad Bunny, Taylor Swift, BTS Are Spotify's Most-Streamed Artists Globally for 2021 
 

The Swedish company said Bad Bunny received over 9.1 billion streams on its platform, making him its No. 1 streamed artist two years in a row.

 
Twitter CEO Announcement Spotlights Rare Executive Move 
 

Twitter promoted its chief technology officer to chief executive earlier this week. Experts say such a move is rare, although technology skills increasingly are valued in the corner office.

 
Macau Casinos Shut High-Roller Rooms Tied to Arrested Operator 
 

Shares of casino operators tumbled on news of the suspension of Suncity VIP rooms, while the junket operator's leader, Alvin Chau, resigned following his arrest on illegal gambling and money-laundering allegations.

 
Innovid Shares Rise in Market Debut 
 

The advertising tech firm went public Wednesday via a SPAC merger.

 
Match Group Settles Lawsuit Over Tinder's Valuation 
 

The company said it would pay $441 million to plaintiffs, including Tinder's co-founders, who had alleged that Match undervalued the dating app to cheat them out of billions of dollars.

 
Salesforce Needs to Keep Having It Both Ways 
 

The cloud giant has sharpened its focus on profitability, but investors still want high growth numbers as well.

 
Exxon to Continue Leaner Spending as Covid-19 Threat Lingers 
 

The Texas oil giant said it is sticking to decreased spending levels for years to come as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist.

(END) Dow Jones Newswires

December 02, 2021 01:15 ET (06:15 GMT)