A week after public listing, Donald Trump's firm sees share price fall 21 percent, losing $4 billion in market value
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FTX’s Sam Bankman-Fried Sentenced To 25 Years In Prison For $8bn Fraud
Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX
Trump’s Truth Social Makes Successful Market Debut
Shares in Donald Trump’s social media company rose about 16 percent after first day of trading on the Nasdaq
Trump’s Truth Social Moves Closer To $5bn Merger
Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors approve deal
Reddit Shares Surge After Successful NYSE IPO
Reddit enjoys successful initial public offering in New York, as shares rose which in turn pushed its market cap to $8 billion
UK Judge Rules Craig Wright Is Not Bitcoin’s ‘Satoshi Nakamoto’
Australian computer scientist Dr Craig Wright is not the Bitcoin inventor Satoshi Nakamoto, UK High Court judge rules
Reddit Seeks Valuation Up To $6.4bn In NYSE Listing
Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor scrutiny
Spain Temporarily Bans Worldcoin Eyeball Scans Over Privacy
Privacy watchdog in Spain orders Worldcoin to halt eyeball scans to make digital IDs in exchange for crypto
LinkedIn Admits Premium Subscriptions Bring In $1.7bn
LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023
Reddit Looks For $6.5bn Valuation In NYSE IPO
Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round
Nvidia Shares Close Over $2tn For First Time
Shares of Nvidia close over $2tn for first time after Dell reports surge in demand for AI servers, amidst ongoing stock market boom
US SEC Investigates If OpenAI Investors Were Misled – Report
Financial regulator examines internal comms of CEO Sam Altman, after his shock firing for not being “consistently candid in communications”
Bitcoin Pushes Past $60,000, In First Time Since November 2021
Going up. Bitcoin surges past $60,000 on Wednesday, reportedly driven by huge inflows into the US-based spot ETFs
Lawyer For Bankman-Fried Urges Judge Not To Impose 100-Year Sentence
Sam Bankman-Fried’s lawyer asks US judge to reject 100-year recommended prison sentence for disgraced FTX co-founder
Google Pay To Close In US, To ‘Simplify’ Payment Apps
Mobile payments service from Google to be changed again, with shuttering of standalone Google Pay app in the US
Terra’s Do Kwon To Miss Start Of SEC Trial In US
US lawyer for disgraced cryptocurrency tycoon Do Kwon admits his client will likely miss start of SEC fraud trial
Nvidia Briefly Surpasses $2tn Valuation On AI Demand
Investors drive Nvidia shares briefly over $2tn after company reveals staggering financial benefits from AI boom
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark
Terra’s Do Kwon Should Be Extradited to US, Montenegro Court Rules
Court in Montenegro rules disgraced cryptocurrency tycoon Do Kwon should be extradited to US, not South Korea
Cisco Confirms It Will Cut More Than 4,000 Jobs
Bad news confirmed for employees at Cisco, after business confirms that more than 4,000 jobs are to be axed
Musk Confirms SpaceX Incorporation Moved From Delaware To Texas
After Delaware judge vetoed Elon Musk's $56 billion pay package, billionaire moves SpaceX incorporation to Texas
Bitcoin Rise Sees Market Cap Cross $1 Trillion
Value of all bitcoin in circulation, or market cap, on Wednesday rose above $1 trillion mark for first time since 2021
SEC Chairman Calls For AI Caution, Cites Financial Stability Risk
Gary Gensler urges companies to be cautious over rushing onboard the AI hype train and points out its risk for fraud and financial stability
Nvidia Now Worth More Than Amazon, Amid AI Chip Demand
Nvidia now worth more than the e-commerce and cloud giant Amazon, thanks to ongoing industry demand for AI chips
ARM Shares Nearly Double Amid AI Surge
Shares in ARM Holdings have exploded over the past week, after an optimist forecast almost doubled its share price
Jeff Bezos Offloads $2 Billion Worth Of Amazon Shares
Not enough yachts? Amazon founder Jeff Bezos sells 12 million shares for $2bn, after relocating to tax friendly Florida
Elon Musk Ordered To Testify In SEC Twitter Takeover Probe
SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase
Hacking Victims Paid $1.1bn In Ransoms Last Year
Chainalysis report finds ransomware victims paid cybercriminals a record $1.1 billion in cryptocurrency in 2023
TSMC To Build Second Factory In Japan
World’s largest chipmaker TSMC confirms it will build second fab in Japan, with backing from Sony and Toyota
Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results
Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors