The Entire Team Behind FTX’s Future Fund Resigns
Members of the team running the FTX Future Fund, a philanthropic fund backed by Sam Bankman-Fried, resigned on Thursday. The announcement was made through an open letter that was posted to Twitter by journalist Teddy Schleifer. In the letter, the group condemned that “the leadership of FTX may have engaged in deception or dishonesty,” pertaining […]
Elon Musk Removes $8 Subscription Option, Reinstates ‘Official’ Account Badges
New Twitter boss Elon Musk decided to reinstate the coveted “official” blue badge to certain users, shortly after removing and replacing it with an $8 subscription option available to anyone. On Friday, Twitter announced it’s bringing back the verification tick typically given to accounts of major personalities such as actors and politicians, several days after […]
FTX Group Files For Chapter 11, Sam Bankman-Fried Resigns
Sam Bankman-Fried has resigned from his role of CEO of FTX, just days after a public spat began with Binance CEO Changpeng Zhao. It was formally announced this morning the FTX Group Companies has begun the process of filing for voluntary Chapter 11 proceedings within the United States, in the District of Delaware. The decision […]
Total Helium To Construct Helium Storage Cavern, Financial Details Not Provided
Total Helium (TSXV: TOH) this morning indicated it is entering a slightly new vertical via a joint venture with its industrial gas partner: helium storage. The facility is expected to be only the second such facility in the US, and the only privately-owned storage facility. The facility itself is to be established within a salt […]
PyroGenesis Sees Flat Sequential Revenue In Q3 Of $5.7 Million
PyroGenesis Canada (TSX: PYR) this morning reported its third quarter financial results, toplined by flat revenues of $5.7 million on a quarter over quarter basis, while revenues declined on a year over year basis. “We remain confident in our positioning and long term plans given (i) our above-industry average margins, (ii) continuing introduction of torch […]
Ontario Teachers’ Pension Plan Invested $95M In Now-Imploded Crypto Exchange FTX
It appears the FTX carnage has no end: the crypto exchange’s disappearing fortunes have left another major investor in the dust, this time a prominent Canadian pension fund. The Ontario Teachers’ Pension Plan conceded taking part in two funding rounds for FTX in 2021 and 2022, under the guise the Bahamas-based platform was a technology […]
FTX CEO Sam Bankman-Fried Loses At Least 94% Of Net Worth In One Fell Swoop
FTX CEO Sam Bankman-Fried, also knowns as SBF, is no longer a billionaire. The beleaguered crypto mogul (or, is this when we start referring to him as a ‘former crypto mogul’?) has seen 94% of his personal net worth evaporate in a single, fateful day, which occurred earlier this week. Binance CEO Changpeng Zhao, also […]
Twitter Has Started Handing Out $8 Blue Checkmarks And The Results Have Been Spectacular
Musk-era Twitter started rolling out the $8 subscription for the blue checkmarks on Wednesday. The subscription, which is $7.99 per month, is new owner Elon Musk’s initial attempt at generating some revenue from the $44 billion platform that he said was bleeding over $4 million per day. While the original blue checkmark was a badge […]
Trulieve’s Net Losses In Q3 2022 Widened By Five Times
The cannabis firm sees revenue down sequentially while inventories are on an upward trend. Trulieve Cannabis (CSE: TRUL) reported on Wednesday its Q3 2022 financials, toplined by quarterly revenue of $300.8 million. This is a decrease from Q2 2022’s $320.3 million but up from Q3 2021’s $224.1 million. “Our team demonstrated tremendous flexibility and cross […]
Netflix Is Low-key Looking Into Live Sports Streaming
Netflix (Nasdaq: NFLX) is quietly exploring ways to expand its offerings. The streaming giant has recently been looking into acquiring rights to some live sports events, according to a report by the Wall Street Journal. People familiar with the matter said that the company has been exploring bidding for the streaming rights of some tennis […]