After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “too far gone” to save, “bearish views on Tether are wrong”, and more — After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital, Sam Bankman-Fried …
Internal Celsius documents from 2021 show the crypto lender issued large loans backed by little collateral while pitching itself as less risky than banks — The lender had little cushion in the event of a downturn or mass withdrawals, investor documents show
Source: a British Virgin Islands court ordered the liquidation of Singapore-based Three Arrows Capital on June 27; Teneo Restructuring will handle the process — A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining …
Some VR developers express frustrations with Meta's Quest Store fees, set at 30% for purchases and 15%-30% for subscriptions, given Meta's criticism of Apple — Facebook parent faces backlash from developers and accusations of ‘hypocrisy’ over virtual reality store terms
After announcing plans to acquire Blinkit, Zomato's stock dropped 6.6% on Monday and 8.4% on Tuesday, cutting $1.1B from its market value — Zomato Ltd. lost about $1.1 billion of market value in two days after the food-delivery platform announced the acquisition of loss-making quick-commerce …
Airbnb makes its ban on parties at rented properties, introduced in 2020, permanent, saying the ban “became much more than a public health measure” — But a 16-person cap on rentals has been removed — In 2020, Airbnb introduced a temporary ban on house parties and events …
Privacy advocates say the SmartLINK app, an alternative to ankle monitors, helped ICE increase the number of people it tracks from 6K to 230K within three years — ICE says the phone-based app is not meant to conduct “surveillance”—and a quick test didn't raise red flags.
After Twitter gives Elon Musk access to its firehose and historical tweet data, experts doubt the data will provide conclusive answers on spam and bots — Billionaire has access to the company's fire hose of tweets, but data specialists say analyzing it isn't easy
An interview with Arm CEO Rene Haas on the company's plans to pursue M&A deals and expand hiring following its IPO, after Arm China transitioned its leadership — Chief executive Rene Haas lays out ambitious course of expansion for the UK chip designer despite tech downturn
Indian startup Solv, a B2B marketplace for SMBs, raised a $40M Series A led by Japan-based SBI Holdings, bringing its total funding to nearly $80M — Solv, a B2B digital marketplace for Micro, Small and Medium Enterprises, has raised $40 million in its Series A funding round led …
Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...
