Sources: Marc Benioff's controversial acquisitions, focus on growth over profits, celebrity relationships, and philanthropic pursuits have vexed shareholders — Marc Benioff helped build the software group into a Silicon Valley giant, but shareholders are agitating for change
Sources: increased SEC scrutiny of Circle, eToro, Galaxy Digital, and other crypto companies have blocked them from going public in the US over the past year — Companies including Circle Internet Financial and eToro have failed to secure the regulator's approval — Crypto's Crash Has Been Swift but Largely Self-Contained.
A look at Sam Bankman-Fried's $400M investment in obscure hedge fund Modulo, shortly before FTX collapsed; Modulo's executives had close ties to SBF and FTX — After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder's huge investment in Modulo Capital.
Binance acknowledges mistakenly storing collateral for some of its tokens in the same wallet as customer funds; reserves for around 47 coins are in one wallet — Binance Holdings Ltd., the world's largest crypto platform, acknowledged that it mistakenly keeps collateral for some of the tokens …
A manager at Activision Blizzard's Blizzard unit, who oversaw World of Warcraft Classic, departs after internally criticizing the company's stack ranking system — A manager at video game developer Blizzard Entertainment said he was ousted after refusing to give a low evaluation to an employee …
Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023 — Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout — Big banks are teaming …
As China introduces rules to combat deepfakes, authorities around the world have approved few regulations, often because of free speech concerns — Few governments have approved regulations, often because of free-speech concerns. New mandates from China could change the tone of the debate on digital forgeries.
Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups — Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs …
The recent tech layoffs highlight a generational divide between younger workers, experiencing their first downturn, and older workers, who have been here before — The industry's recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
Binance says Signature Bank will only handle transactions of over $100,000, starting on February 1, as the US bank decreases its exposure to crypto markets — Binance, the world's largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 …
India asks Twitter and YouTube to remove videos and tweets of a BBC documentary on 2002 religious riots in Prime Minister Narendra Modi's home state of Gujarat — The Indian government has asked social media giants Twitter Inc. and Alphabet Inc.'s YouTube to take down videos and tweets …
Sources: Donald Trump does not want to renew his Truth Social exclusivity contract, expiring in June 2023, and is asking for suggestions for his first tweet — The ex-president is planning his first tweets with a few months to go on his Truth Social contract
Yazhou Sun / Bloomberg : Anthropic cuts its list of unauthorized secondary market sellers from eight to four after the initial notice cau...
