Sam Bankman-Fried Wants All Charges Dropped–Except For Fraud And Money Laundering
FTX founder Sam Bankman-Fried petitioned to a federal judge in New York on Monday to dismiss all criminal charges brought against him by federal prosecutors following the abrupt closure of his cryptocurrency exchange last year. Bankman-Fried’s lawyers contended in various documents with the federal court for the Southern District of New York that the federal […]
Lucid Cuts 2023 Production Guidance, Stops Disclosing Reservation Data
Lucid Group, Inc. (NASDAQ: LCID) on Monday reported a remarkably bad quarter for a company which still carries an enterprise value (EV) of US$12 billion. Revenue and cash flow came in far below estimates, quarterly cash burn topped an astonishing US$1 billion for the first time, and revenue per car sold plunged from 4Q 2023. In […]
Democrats Ask White House To Make It Tougher To Build New LNG Terminals
Natural gas prices, and particularly prices in the prodigious Permian Basin in west Texas and southeastern New Mexico, have plummeted over the past five months. And with the quantity of natural gas in underground storage facilities at historically high levels and the low-usage summer season beginning, it is difficult to find a reason to be bullish […]
Elizabeth Holmes Attempts to Clean Up Her Image As Lawyers Appeal Fraud Conviction
Disgraced Theranos founder Elizabeth Holmes had her first child shortly before her trial began, and then later appeared at her sentencing hearing well into her second pregnancy. Some have said that having children was a tactic to have her sentence reduced. She was facing a total of 65 years, received 11 and 3 months, but […]
Not Another Foreign Disinformation Office — Is The US Government Overcompensating?
The US government has established a new office to counter foreign disinformation — and to oversee all government entities charged with combating foreign disinformation. Following concerns over the impact of Russian meddling in the 2016 election, a number of new offices popped up dedicating themselves to monitoring and fighting similar interference, including Pentagon’s new Influence […]
Liberals Want To “Limit Publication” Only To Those With Traceable Sources
The Liberal Party of Canada spelled out a host of issues it plans to act upon as the ruling party barrels towards election season, including putting forth a resolution which aims to combat disinformation through censorship. As their three-day policy convention concluded Saturday in Ottawa, the federal Liberal party endorsed the development of affordable housing, […]
Ex-Yahoo CEO Marissa Mayer Regrets Buying Tumblr Over Netflix
Yes regrets — former Yahoo CEO Marissa Mayer talked about things she could’ve done differently during her time at the former tech giant in a recent interview with Tech Brew. And there are quite a few. The funny thing was, Mayer was asked to name only “one thing” she would’ve done differently, but named several, […]
An Ode to Jerry Springer: The Life and Times of the King of Daytime Television Drama
Today I want to take you for a wild ride through the life and times of none other than Jerry Springer, the undisputed king of daytime television drama. If you thought your life was a rollercoaster, just wait till you hear about Jerry’s journey from a London-born lad to a lawyer-turned-mayor, Emmy-winning news anchor, and […]
Tucker Carlson Wants Vengeance, To Demand Release from Fox Contract
Fired Fox News host Tucker Carlson’s relationship with his most recent network is about to take a turn for the worse. Sources say that the former highest-rated cable news host wants to either start his own media empire or take one of several offers from smaller networks that target his captive right-wing demographic. The problem? […]
Canaccord Shares Crash As Investigation Casts Doubts Over Buyout Plans
Canaccord Genuity Group (TSE: CF) cautioned that an “ongoing regulatory matter” at one of its international companies may prevent it from obtaining fast approval for a management buyout. A group of Canaccord senior executives has offered to take the banking firm private for $11.25 per share, but regulators’ approval will not be granted quickly, the […]