Disgraced FTX founder and Democrat super donor Sam Bankman-Fried has finally begun detailing his version of the events surrounding the downfall of the cryptocurrency exchange, at one point telling a journalist via Twitter DM’s that his “effective altruism” ethos was largely an act.
Tesla CEO Elon Musk testified this week in a shareholder lawsuit that challenges his massive compensation package from the electric car giant. The lawsuit calls Musk a “part-time CEO” and alleges he was able to influence the company’s board of directors, claiming few if any directors are actually independent of Musk.
Google’s parent company Alphabet Inc. needs to take “aggressive action” to reduce costs and cut down its headcount according to activist investor TCI Fund Management.
Twitter employees were told by their new boss Elon Musk this week that they had two options — commit to his “hardcore” vision for Twitter or leave the company.
According to people familiar with the matter, FTX founder and Democrat super donor Sam Bankman-Fried still believes that he can raise enough money to make users whole, even though the cryptocurrency exchange filed for bankruptcy last week.
Amazon plans to cut approximately 10,000 workers starting as soon as this week according to reports.
Shark Tank star and venture capitalist Kevin O’Leary recently stated that he planned an attempt to save cryptocurrency exchange FTX hours before it filed for bankruptcy but held off following comments from SEC Chairman Gary Gensler.
Self-described “free speech absolutist” Elon Musk fired a Twitter engineer via a tweet after his former employee disagreed with him about the company’s app performance on Android smartphones.
Elon Musk’s Twitter has slashed its contract workforce by 80 percent with none of the company’s internal teams being notified in advance.
Amazon founder and multibillionaire Jeff Bezos recently announced that he plans to give away the majority of his wealth during his lifetime. His charitable donations will go to environmental charities and other leftist causes, as he has already committed a portion of his net worth to the “Bezos Earth Fund.”
Sam Bankman-Fried’s trading firm, Alameda Research, allegedly traded billions of dollars from FTX customers’ accounts and leveraged the crypto exchange’s native token as collateral.
Following the collapse of the cryptocurrency exchange FTX, at least $1 billion in investor assets seems to be missing according to multiple reports.
Just a few days into the launch of the revamped Twitter Blue system that allowed anyone with $8 to be verified, the platform has paused paid verification due to imposter accounts springing up on the platform — as almost everyone that has used Twitter predicted would happen.
A lawyer at Twitter has warned that Elon Musk is putting the company at risk of billions in FTC fines following dramatic changes to the company’s privacy and security teams. According to the internal letter leaked to the Verge, the company current head of legal scoffed the concerns, allegedly saying: “Elon puts rockets into space, he’s not afraid of the FTC.”
Sam Bankman-Fried’s cryptocurrency exchange FTX has reportedly filed for Chapter 11 bankruptcy in the U.S. following a week of significant scandals and upset in the cryptocurrency space. The crypto boss and Democrat megadonor popularly known as “SBF” subsequently resigned.
Crypto exchange Binance has reportedly backed out of its plans to acquire rival platform FTX leaving the firm on the brink of collapse. In a rambling Twitter thread that attempts to explain the current state of FTX, CEO Sam Bankman-Fried wrote, “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.”
Twitter’s new owner Elon Musk is attempting to regain the favor of major advertisers by promising to make changes to the platform to address fears over “hate speech” and misinformation.
Just hours after introducing a new gray “official” check mark that is distinct from the blue verification checkmark now for sale, Elon Musk’s Twitter announced that the project has been shut down.
Tesla CEO and new Twitter owner Elon Musk has reportedly sold 19.5 million shares of Tesla stock, worth almost $4 billion, following his takeover of the social media platform.
Mark Zuckerberg’s Facebook (now known as Meta) is reportedly laying off 13 percent of its staff, which accounts for more than 11,000 employees.
Tesla CEO and new Twitter owner Elon Musk responded to some Twitter users about the midterm election results on Tuesday. In one tweet, Musk confirmed Silicon Valley’s leftist bias, quipping that it is “borderline illegal” to express support for Republicans in San Francisco.
Current Twitter insiders say that the recent staffing cuts have left remaining employees unable to sustain the platform and explains how they believe the platform will break in the coming weeks. One engineer commented, “If we’re going to be pushing at a breakneck pace, then things will break. There’s no way around that.”
According to a recent report, Twitter’s new owner Elon Musk is considering putting the entire website behind a paywall after mass layoffs at the company and a new update to the site’s Twitter Blue premium service. This would require users to pay to even read content on the site.
Dr. Robert Epstein, a consistent enemy of Google’s election meddling plans and the senior research psychologist of the American Institute for Behavioral Research and Technology, has recently published an article claiming that Google is once again attempting to shift votes leading into the midterm elections, but believes that there is a solution to this issue coming in the near future.
After laying off almost half the company last Friday, Elon Musk is asking dozens of employees who were fired to return to work after discovering they were vital to the company’s operation.
Elon Musk’s Twitter will reportedly delay changes to its verification system until after the upcoming midterm elections.
Mark Zuckerberg’s Facebook will begin massive layoffs affecting thousands of workers this week, according to the Wall Street Journal.
Elon Musk’s acquisition of Twitter last week has resulted in at least six major companies withdrawing their advertising over worries about how he will impact content moderation policies on the platform.
One former Twitter employee is claiming that he was fired “while sleeping” and woke up locked out of his work email and communication accounts. His story is one of thousands from Twitter workers who were alerted by email — or noticing they were locked out of the company’s systems — that they were no longer working for Elon Musk.
A group of Twitter workers is suing the company over Elon Musk’s plan to eliminate about 3,700 jobs, saying the social media platform did not give proper notice as required by federal and California law.
General Mills and Audi recently stated that they are pausing advertising on Twitter following Elon Musk’s acquisition of the platform. Musk responded to advertisers in general stopping their ad buys, saying the company has a “massive drop in revenue,” adding that he feels the drop is “Extremely messed up! They’re trying to destroy free speech in America.”
On Thursday, Elon Musk’s Twitter notified workers that mass layoffs would be announced on Friday via an email. Employees being let go by the social media platform will receive an email on their personal account, while workers that keep their jobs will receive an email on their work email. The major layoff comes about a week after Elon Musk acquired the far-left social media platform.
TikTok has revealed that its employees in China have access to the private data of accounts based in the UK and the European Union.
According to Bloomberg, Elon Musk wants to eliminate half of Twitter’s workforce on Friday to reduce costs and decrease the debt resulting from him “overpaying” for the company.
Elon Musk has agreed to restore Twitter content moderation tools that had been blocked for some workers by the end of the week, according to leaders of leftist groups including the ADL and NAACP who met with Musk eager to expand censorship on the platform.
Following Elon Musk’s recent announcement that Twitter would be unbanning a number of blacklisted users, he has since stated that they won’t be allowed to return to the platform for “at least a few more weeks,” or in other words, until after the midterm elections have passed.
Elon Musk is standing by Yoel Roth as Twitter’s “Head of Safety & Integrity,” a notoriously left-wing employee with a history of fiery political tweets who previously equated members of the Trump administration with Nazis.
Elon Musk recently announced that he wants to charge for Twitter’s verification checkmark, initially saying this would cost $20 a month. He has since backtracked, offering the service for $8 a month after leftists including Stephen King melted down over the price.
Ride-sharing giant Uber is continuing to have a rough time turning a profit, with the company’s third-quarter earnings revealing a net loss of $1.2 billion for the last three months despite revenues that continue to grow.
Volocopter, a German startup building electric vertical takeoff and landing vehicles has secured $182 million of investment capital to continue developing its “air taxi,” a plug-in aircraft designed to carry a few passengers on short flights to local destinations.
