Category: Uncategorized

  • Binance CEO Zhao calls CFTC suit an ‘incomplete recitation of facts’

    In a blog post on Monday, Binance CEO Changpeng Zhao said a lawsuit filed earlier in the day contained “an incomplete statement of facts”. “We disagree with the characterization of many of the issues alleged in the complaint,” said Zhao, who also called the complaint “unexpected and disappointing.” The lawsuit, filed in the U.S. District […]

  • Asia private equity 2022 deals down 44%; uncertainty ahead

    Total deal value for the region fell 44% from $354 billion in 2021 to $198 billion in 2022, Bain & Co said in a report Tuesday. China and India accounted for a $35 billion drop in total deal value for major growth deals for the year, it said. According to Bain & Company, the Asia-Pacific […]

  • Only verified Twitter accounts appear in For You Recs – Variety

    NTB/AFP via Getty Images The changes on Elon Musk’s Twitter just keep coming. On Monday, Musk — who became the CEO of the social media giant when he bought it in October — announced that starting in April, only verified accounts will appear in Twitter’s For You recommendations. This follows Musk’s revelation last week that […]

  • Pinterest loses office space in downtown SF and lays off employees

    Pinterest will pay nearly $100 million to consolidate its office space in a newly announced restructuring effort, as detailed in a recently filed Securities and Exchange Commission filing. The company plans to close its offices at 505 Brannan St. and 149 Bluxome St. in San Francisco, but will retain its headquarters at 651 Brannan St. […]

  • Lyft CEO and president step down to be replaced by former Amazon exec

    Image Credits: Lyft UPDATE: This article has been updated with information about compensation packages for Green, Zimmer, and Risher. Lyft co-founders, CEO Logan Green and president John Zimmer, will step down from their positions in mid-April, the company said Wednesday. They will serve as chairman and vice chairman of Lyft’s board, respectively. David Risher, former […]

  • Dow Jones Up in Mixed Market as 3 Warren Buffett Stocks Eye Buy Points; Coinbase Dives While Bitcoin Falls

    The Dow Jones Industrial Average rose as the indices closed mixed on Monday. A trio of Warren Buffett stocks are near buying points, including MasterCard (MA) and Taiwan semiconductor (TSM). In the meantime, Coin base (Coins Riot Blockchain (RIOT) dived as bitcoin tumbled. X A few notable stocks made bullish moves amid the mixed action. […]

  • Binance CEO CZ dismisses allegations of market manipulation

    Binance CEO Changpeng ‘CZ’ Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the company “under no circumstances trades for profit or ‘manipulates’ the market.” The CEO shared his first official response to the lawsuit in a March 28 blog post. The CEO argued that while Binance “trades” in a number […]

  • First Citizens Bank is buying “all deposits and loans” from Silicon Valley Bank, FDIC says

    First Citizens Bank will buy “all deposits and loans” from Silicon Valley Bank in the wake The bankruptcy of the SVB earlier this month, the Federal Deposit Insurance Corporation announced late Sunday. SVB was the largest US bank to fail since 2008, fueling global fears for the sector. The new transaction covers $119 billion in […]

  • Virgin Orbit extends unpaid break as deal collapses, talks continue

    NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft with the LauncherOne missile under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, UK. Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first-ever orbital launch […]

  • Dismissed Disney Hit TV Production, Acquisition Departments – The Hollywood Reporter

    Layoffs have begun at Disney’s television divisions. Tell sources The Hollywood Reporter that Monday’s layoffs focused on manufacturing and acquisitions. Notable staffers fired Monday include Jayne Bieber, senior vp of production at Freeform/Onyx Collective; Mark Levenstein, head of production and post-production at Hulu; and Elizabeth Newman, head of Disney’s acquisitions department. Sources note that Newman’s […]