Twitter’s Technical Issues Will Likely Send Remaining Advertisers Packing
Twitter has a lot of problems and not enough people to fix them. Since Elon Musk took over the social media company in late October, the size of its workforce has shrunk dramatically — half have been laid off, the majority of its executives and contractors have been cut, and thousands reportedly left after the […]
Sam Bankman-Fried’s FTX Staff Letter: Last-Minute Billion-Dollar Funding Offer, Buying Out Binance
It looks like FTX’s Sam Bankman-Fried isn’t done “explaining” his side on how the bankrupt crypto exchange came crashing down. In a what seems to be his apology letter to the staff circulating, he once again painted the scenario as an onslaught of external factors as opposed to a crypto Ponzi scheme as how some […]
Failed FTX CEO Sam Bankman-Fried Will Be Speaking at the NYT DealBook Summit Next Week
Sam Bankman-Fried is set to make his first public appearance at the New York Times DealBook Summit on Wednesday, November 30, since he filed for bankruptcy following liquidity problems at FTX, the crypto exchange that he founded and led to ruin. At the event, he will be interviewed by Dealbook founder and editor-at-large Andrew Ross […]
iPhone Maker Foxconn Apologizes For Hiring Errors Leading To Deadly Protest, Offers $1,400 To Disgruntled Workers
Taiwan-based electronics company Foxconn Technology Group–more commonly known as one of Apple’s iPhone manufacturers–is facing employees who staged a rare violent protest at the firm’s plant in Zhengzhou city on Wednesday, focusing attention on the economic and social costs of Xi Jinping’s Covid Zero plan. Workers stated in social media videos that they were informed by […]
What Happens to Gold & Silver After Rate Hikes Slow? — With Lior Gantz
Joining us today on the Daily Dive is Lior Gantz, CEO of Wealth Research Group. Lior sits down with us today to share his thought on the cryptocurrency community after the FTX collapse, his read on the Fed’s next possible move, and the impact of major companies’ mass layoffs. He also shares his insights on […]
Binance’s Zhao Aims To Raise $1 Billion For Recovery Fund, Seeks Middle East Cash
First stop in crypto industry recovery: Voyager Binance CEO Changpeng Zhao is aiming for a $1 billion fund for the possible purchase of troubled assets in the digital-asset sector. “If that’s not enough we can allocate more,” Zhao said in an interview with Bloomberg Television. This comes on the heels of reports saying Zhao and […]
DEA Declares Cocaine Derivative Legal But Disagrees That Marijuana Should Be The Same
The Drug Enforcement Administration (DEA) is working on legalizing a cocaine derivative [18 F]FP-CIT, which is said to be a “diagnostic substance that is used in assisting the evaluation of adult patients with suspected Parkinsonian syndromes.” “Based on consideration of all comments, the scientific and medical evaluation and accompanying recommendation of [the Department of Health […]
Did CME Group CEO Terry Duffy Slip Up About Bribing ‘His Regulator’ At The CFTC?
Fox News’s Tucker Carlson on Tuesday brought on CME Group CEO Terry Duffy to talk about the collapse of the crypto exchange FTX and its founder and former CEO Sam Bankman-Fried. But that’s not all they talked about. This wasn’t the first interview that Duffy did on the matter. He has been openly critical of […]
Microsoft-Activision Merger Likely To Face FTC Hurdle
The regulatory oversight might add heat to what the US$69 billion acquisition deal already feels from UK watchdog Competition and Markets Authority. The Federal Trade Commission is poised to bring an antitrust action to stop Microsoft (Nasdaq: MSFT) US$69 billion merger of video game behemoth Activision Blizzard (NASDAQ: ATVI). According to people familiar with the matter […]
Power Nickel To Expand Drill Program Up To 10,000 Metres Following Close Of Financing
Power Nickel (TSXV: PNPN) is set to expand its drill program at its Nisk project following the closing of a financing earlier this week. The financing, which consisted of both flow through and non-flow through units, raised gross proceeds of $4.2 million for the company. In terms of the drill program, the flow through offering […]