Tech stocks led a broad sell-off: the Nasdaq fell 4%, its sharpest one-day decline since Sept. 2022, with NVDA down 5%, AAPL down 5%, META down 4%, GOOG down 4%
https://www.cnbc.com/... Threads: Vishwanath Sarang Keller / @vishwanathsarangkeller : So much winning! Esther Crawford / @esthercrawford : Looking at the stock market today David ...
Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118%
- Lack of records, corporate controls sent adviser fees higher — Most creditors poised to get back 118% of what they were owed
Faulty court filing redactions: TikTok executives were unconcerned with the harms the app poses for US teenagers, despite internal research validating concerns
and Its Executives Knew All Along Chase DiBenedetto / Mashable : TikTok execs know exactly how many videos it takes to get addicted to its platform Nehal Malik / iPhone in Canada B...
Musk reposts an edited Kamala Harris campaign video that mimics her voice, possibly with deepfake tech; it has 129M+ views and seemingly breaks X's own rules
The billionaire owner of the social media platform X reposted a video that mimics Vice President Kamala Harris's voice, without disclosing that it had been altered.
Michael Lewis depicts Sam Bankman-Fried as delusional in his new book, Going Infinite, but says SBF's explanations remain “irritatingly difficult to disprove”
“Going Infinite,” by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Fried's rise and fall.
A preview of the Sam Bankman-Fried trial, which begins today with jury selection, the seven charges, key witnesses, the likely legal strategies, and more
Key witnesses and the likely legal strategies about to unfold in the historic case ahead. … Tomorrow, all eyes turn to New York …
Ilya Lichtenstein, who earlier pled guilty to laundering $4.5B in bitcoin stolen via Bitfinex's 2016 hack, admits in court to being the original Bitfinex hacker
- A New York man admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court …
Twitter threatens to sue Meta over Threads, saying Meta “engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets” and other IP
Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform …
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal
SEC v. Crypto — “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …
The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic Bank, which was a tad bigger than SVB and had $100B+ in outflows
now JPMorgan Chase's — uninsured depositors is Sen. Dianne Feinstein who, according to her latest financial disclosure, had between $1,000,001 and $5,000,000 in a First Republic ac...
Sources: Twitter removed its “visibility filtering rules”, or “shadow bans”, for Russian, Chinese, and Iranian government accounts and state-affiliated media
Dmitry Medvedev, a leading government official and former president of Russia, took to Twitter earlier …
Tests show that Twitter's “stay informed” labels, added in February 2022 to flag tweets with links to Russia- or China-controlled media, no longer appear
Twitter is no longer taking steps to limit the reach of Chinese and Russian state-controlled media outlets, violating the social media platform's own stated policies.
Twitter adds a “US state-affiliated media” label to NPR's account, seemingly contradicting Twitter's previous policy that used NPR as an example of an exception
Matt Novak / Forbes :
Block drops 10%+ after Hindenburg Research discloses a short position and alleges the company overstated user numbers and understated customer acquisition costs
Hindenburg report TechCircle : Hindenburg accuses Jack Dorsey's Block of fraud, manipulating user numbers Sergio Goschenko / Bitcoin News : Hindenburg Research Blasts Jack Dorsey's...
The FDIC plans to break up SVB and hold an auction for its traditional deposits unit and another for its private bank, after failing to find a buyer last week
The FDIC plans to sell all of Signature Bank's 40 branches to Flagstar Bank, as well as some Signature loans and deposits not in its digital banking business
Bloomberg reports: — “Signature Bank's crypto-related deposits will be returned to customers directly … Michael Farrell : I am pleased to announce that Signature Bridge Bank, N.A...
An FTX bankruptcy filing describes $3.2B+ in payments and loans to founders and executives, chiefly from Alameda Research, including ~$2.2B to Sam Bankman-Fried
Identify Over $3.2 Billion in Transfers to Founders and Key Employees — Forensic Work Continues on Intercompany and Other Transactions
An FTX bankruptcy filing describes $3.2B+ in payments and loans to founders and executives, chiefly from Alameda Research, including ~$2.2B to Sam Bankman-Fried
Identify Over $3.2 Billion in Transfers to Founders and Key Employees — Forensic Work Continues on Intercompany and Other Transactions
Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K
Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” …
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …