Filings: FTX CEO John Ray III, who ran Enron's bankruptcy process, slams SBF's “unprecedented” management, describing a “complete failure of corporate controls”
Programming note: Money Stuff will be off tomorrow, back on Monday. Rohan Goswami / CNBC : Bahamas regulators confirm they're holding some of FTX's assets Laurie Dunn / Crypto Daily : Is The FTX Debac...
Sources: for years, the SEC and CFTC were hindered by banks' usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total
Bloomberg : Tweets: @civicfield , @business , and @cavandy Tweets: @civicfield : Fines for the non-compliant use of @WhatsApp are stacking up... @Barclays - fined $200m @MorganStanley - fined $200m @...
Report: Facebook closed Irish subsidiary and moved billions in profits back to US following IRS suit; Irish subsidiary paid $101M in tax on $15B profit in 2018
Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country … Source: The Times . Tweets: @cnada , @business , and @b...
Source: Facebook, YouTube, Twitter, and TikTok were each fined $1.2M by Turkey for failing to appoint a local representative as required by a new law
Firat Kozok / Bloomberg : Tweets: @eff , @mmasnick , @business , and @daphnehk See also Mediagazer Tweets: @eff : Turkey's poor human rights records should be a wake-up call for platforms to stand wi...
A legal analysis and risk evaluation of the US antitrust cases against Google, Amazon, Apple, and Facebook shows the cases won't be a slam dunk
U.S. tech giants have enormous influence over what we buy, read, see and think. But is their market power illegal? Tweets: @business and @halsinger Tweets: @business : Did they nail 'em? Experts rank...
California state judge certifies a lawsuit against Oracle's allegedly discriminatory pay practices as a class action on behalf of more than 4,000 women
Bloomberg : Tweets: @mattmday , @business , and @technology Tweets: Matt Day / @mattmday : Three women suing Oracle got a judge to certify their class action gender-discrimination lawsuit, prevailing...
Uber's IPO prospectus says 60,000+ US drivers have filed arbitration suits, which legal experts say will take decades to resolve and cost Uber $600M+
Joel Rosenblatt / Bloomberg : Tweets: @business and @ekp Tweets: @business : For Uber, using legal arbitration to deal with driver compensation complaints seemed like the smart play. That may have be...
Profile of Margrethe Vestager, EU Competition Commissioner since 2014, who's challenged major US tech firms including Apple, Google, Amazon during her tenure
Samanth Subramanian / Bloomberg : Tweets: @samanth_s , @business , @kifleswing , and @shiraovide Tweets: Samanth Subramanian / @samanth_s : Takes on Apple. Inspires a TV show. Keeps a middle-finger s...