Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Meltdown

Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Meltdown

The BlockFi logo on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022. Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private. Photographer: Gabby Jones/Bloomberg .

Hedge Fund That Beats 99% of Peers Places Contrarian Bet on Meta

Hedge Fund That Beats 99% of Peers Places Contrarian Bet on Meta

The Meta Store in Burlingame, California, US, on Tuesday, Oct. 25, 2022. Meta Platforms Inc.’s newest virtual-reality headset is a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future. .

FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants

FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants

(Bloomberg) — On Oct. 26, days before the collapse of his crypto exchange FTX, Sam Bankman-Fried sat for lunch at an upscale Dubai restaurant, subtly testing the waters for funding at a table of founders, bankers and financiers, including Anthony Scaramucci. .

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

The daily Covid testing also proved to be flawed. As many as 20 workers’ throat swabs were put into one tube to speed testing and lower costs. If the results came back positive, all the workers whose samples were in that one tube were put into isolation for further testing. Those who worked on the … Read more

MrBeast Is Writing a New Consumer Playbook

MrBeast Is Writing a New Consumer Playbook

EAST RUTHERFORD, NEW JERSEY – SEPTEMBER 04: Tens of thousands of fans attend as Global YouTube star MrBeast launches the first physical MrBeast Burger Restaurant at American Dream on September 4, 2022 in East Rutherford, New Jersey. (Photo by Dave Kotinsky/Getty Images for MrBeast Burger) .

Cristiano Ronaldo Hits 500 Million Instagram Followers After Louis Vuitton Ad

Cristiano Ronaldo Hits 500 Million Instagram Followers After Louis Vuitton Ad

MANCHESTER, ENGLAND – OCTOBER 27: Cristiano Ronaldo of Manchester United celebrates after scoring their team’s third goal during the UEFA Europa League group E match between Manchester United and Sheriff Tiraspol at Old Trafford on October 27, 2022 in Manchester, England. (Photo by Naomi Baker/Getty Images) Photographer: Naomi Baker/Getty Images .

Musk Fires More Twitter Sales Workers After ‘Hardcore’ Purge

Musk Fires More Twitter Sales Workers After ‘Hardcore’ Purge

Twitter’s sales organization held an all-hands meeting on Sunday with Musk and the new head of sales, Chris Riedy, two people said. Many employees showed up expecting some announcement about cuts, after Bloomberg reported Saturday that more were coming. Instead, Musk used the time to talk about ongoing updates, including his decision to reinstate the … Read more

Musk’s Twitter Fix-It Team Fades Out as Billionaire Says Transition Is Almost Done

Musk’s Twitter Fix-It Team Fades Out as Billionaire Says Transition Is Almost Done

(Bloomberg) — Elon Musk told a court in Delaware on Wednesday that his reorganization of Twitter Inc. is almost done, and he’ll spend less time on the company by the end of next week. The team of lieutenants he assembled to help with the transition is already inching towards the door. The group of trusted … Read more