Paolo Ardoino says Tether now holds ~140 tons of gold, worth ~$23B, has been buying one to two tons per week, and plans to keep doing so for the next few months
There are roughly 370,000 nuclear bunkers in Switzerland, a legacy of the Cold War that are now rarely used. One of them, though, is a hive of activity.
Investigation: internal Binance files show it failed to stop hundreds of millions in crypto from flowing through suspicious accounts, even after a 2023 US deal
Leaked files show continued activity despite links to terror networks, failed ID checks and other red flags
Sources: Sequoia COO Sumaiya Balbale resigned after the firm refused to discipline partner Shaun Maguire over his comments calling Zohran Mamdani “an Islamist”
Sumaiya Balbale left the venture firm after it decided not to discipline outspoken investor for posts about New York mayoral candidate
Alphabet acquires NYC-based cybersecurity startup Wiz for $32B cash, its largest acquisition yet, pending approval; antitrust fears stalled a $23B deal in 2024
The acquisition is Alphabet's biggest yet, after a $23 billion takeover attempt stalled last year.
Sources: the US FTC plans to investigate allegations that Microsoft is abusing its market power in productivity software to prevent customers from leaving Azure
Unfortunately for big tech, JD Vance is a big fan of Lina Khan and has described here as “doing a pretty good job” so the election is unlikely to be a respite from FTC investigatio...
How Bristol-based Hargreaves Lansdown became the UK's largest DIY investment platform, with 1.8M clients and £134B in assets, as new rivals weaken its dominance
Financial Times : X: @arashmassoudi , @sjhmorris , and @arjunneilalim X: Arash Massoudi / @arashmassoudi : This is a fascinating read by @HarrietAgnew For Americans who follow mar...
A profile of Swedish gaming company Embracer, whose growth via frantic dealmaking has raised questions of financial performance, accounting practices, and more
Financial Times : Tweets: @annasophiegross , @arashmassoudi , and @lordshipstrade Tweets: Anna Gross / @annasophiegross : Embracer has grown into Europe's biggest gaming group via...
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
Filing: Elon Musk sells 22M Tesla shares, worth ~$3.6B, the fourth sale since announcing his Twitter takeover and third since declaring “no further TSLA sales”
Billionaire has sold $23bn of stock in EV group since announcing Twitter takeover
Sequoia's mishandling of its 14,000-word SBF profile by journalist Adam Fischer and then deleting it served no purpose other than to embarrass everyone involved
Chamath Palihapitiya plans to shutter two SPACs, the $1.15B Social Capital Hedosophia VI and $460M Social Capital IV, after failing to find acquisition targets
Chamath Palihapitiya said he is winding down two special purpose acquisition companies, including his largest ever …
Chamath Palihapitiya plans to shutter two SPACs, the $1.15B Social Capital Hedosophia VI and $460M Social Capital IV, after failing to find acquisition targets
Chamath Palihapitiya said he is winding down two special purpose acquisition companies, including his largest ever …
Klarna confirms raising $800M at a $6.7B valuation, down from $46B in June 2021, including from new investors Mubadala and Canada Pension Plan Investment Board
Siddharth Venkataramakrishnan / Financial Times :
Twitter's board says it intends to “close the transaction” at the agreed price and “enforce the merger agreement”
New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't. Sure, maybe he is causing chaos to extract a lower price from the Twitter board …
Elon Musk says the Twitter deal “cannot move forward” until Twitter proves bots are <5% of users, claiming his offer is based on “SEC filings being accurate”
Elon Musk said he'll proceed with his $44 billion takeover of Twitter Inc. only if the social media giant … Source: @elonmusk .
Elon Musk says his Twitter deal is “temporarily on hold” till a review of “spam/fake accounts”, but is “still committed to acquisition”; stock closes down 9.67%
Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold … Source: @elonmusk and @elonmusk .
By tweeting that his Twitter deal is “on hold”, Musk yet again commits “lite securities fraud” while laying the groundwork to walk away or renegotiate the price
Musk's Deal On Hold Politique Republic : Elon Musk is Paying Too Much for Twitter Chandraveer Mathur / iPhone Hacks : Elon Musk Says the $44 Billion Twitter Deal Is ‘on Hold’ Owen ...
Elon Musk says his Twitter deal is “temporarily on hold” pending a review of “spam/fake accounts”, but he is “still committed to acquisition”; stock drops 5%+
Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold … Source: @elonmusk and @elonmusk .