Sam Bankman-Fried found guilty of fraud
Photo Illustration by Cath Virginia / The Verge Former cryptocurrency kingpin Sam Bankman-Fried has been found guilty of fraud. A New York jury delivered the verdict on November 2nd, concluding a trial that has seen Bankman-Fried defend himself against claims that he criminally mismanaged his crypto exchange FTX and trading
Read moreX runs ‘timeline takeover’ ad promoting anti-trans film
Thursday on X (Twitter), all users saw the same pinned topic under the “What’s happening?” sidebar. As part of a “timeline takeover” — which gives advertisers “priority access to logged-in users’ first impression of the day” — conservative media nonprofit PragerU is promoting the hashtag “#DETRANS” to advertise its new
Read moreSam Bankman-Fried found guilty on all seven counts
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts related to fraud and money laundering. The defendant is “charged with a wide-ranging scheme to misappropriate billions of dollars of customer funds deposited with FTX and mislead
Read moreFord shutters company building an app for plumbers, electricians and other trades
Ford has shut down VIIZR, a software-as-a-service company that along with Salesforce built an app to help tradespeople like plumbers, locksmiths and electricians to schedule field appointments, send invoices and manage customers, TechCrunch has learned. About 40 people who worked at VIIZR were laid off. VIIZR, which was announced in
Read moreUber and Lyft pay $328M to settle wage-theft complaints in New York
Uber and Lyft have agreed to pay drivers in New York a combined $328 million to settle wage-theft complaints. The settlement is the result of state attorney general Letitia James’ investigation into whether the companies collected certain fees and taxes from drivers rather than passengers. The investigation also looked into
Read moreCoinbase’s Q3 revenue beat expectations, but its shares fell as growth prospects underwhelmed
The most bearish thing we can summon is that Coinbase is skating atop a wave of rising interest-based incomes. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreCharting the last 10 years of the unicorn era
We've witnessed an incredible unicorn stampede over the last 10 years. © 2023 TechCrunch. All rights reserved. For personal use only.
Read morePagerDuty scoops up incident management startup Jeli.io
PagerDuty announced this afternoon that it intends to acquire Jeli.io, an early-stage incident management startup. The companies did not share the price. Jeli was founded in 2019 by Nora Jones, a chaos engineering veteran, who had previously worked at Netflix and Slack. Jones went to work building a company that
Read moreMusk: SpaceX’s Starlink ‘has achieved breakeven cash flow’
SpaceX’s Starlink has “achieved breakeven cash flow,” CEO Elon Musk said Thursday, a milestone achievement for the rocket company’s four-year-old satellite internet business unit. He announced the news in a post on X, the social media platform that he also owns. He added that Starlink “is also now a majority
Read moreSBF’s trial is coming to a close – here’s what you missed
Welcome back to Chain Reaction. It’s week five of the Sam Bankman-Fried trial and a lot has happened for the former CEO of FTX. © 2023 TechCrunch. All rights reserved. For personal use only.
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