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Twitter Founder Jack Dorsey Opens Up About Elon Musk’s Offer; Shreds Twitter’s Board As Dysfunctional

admin Board Of Directors, Twitter April 19, 2022

That was Twitter TWTR, -1.63% founder Jack Dorsey responding to a tweet on Saturday about the company’s board of directors. Dorsey did not give specifics about why he wasn’t happy with Twitter’s board, but one Twitter user wrote in the thread, “Good boards don’t create good companies, but ...Read More

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SEC Charges Founder of Crypto Startup Crowd Machine With Fraud

admin Cryptocurrency, Fraud, SEC, Securities and Exchange Commission January 10, 2022

The U.S. Securities and Exchange Commission (SEC) has charged Craig Sproule of Australia – along with two crypto companies he founded, Crowd Machine Inc. and Metavine Inc. – with defrauding investors. The SEC said in a statement Thursday that Sproule and Crowd Machine used over $5.8 ...Read More

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Elon Musk says he will pay over $11 billion in taxes this year

admin Taxes December 20, 2021

Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history. “For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday. That’s close to a CNBC estimate that Musk was set to pay a ...Read More

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Cash grab or innovation? The video game world is divided over NFTs

admin NFT December 20, 2021

Gamers are a notoriously skeptical crowd. In 2017, for example, Electronic Arts faced huge backlash over a decision to let players pay to unlock certain characters in its “Star Wars Battlefront II” game. Traditionally, players are required to toil for several hours to access such content. The outcry ...Read More

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People Or Profit? Facebook Papers Show Deep Conflict Within

admin Big Tech, Facebook October 25, 2021

Facebook the company is losing control of Facebook the product — not to mention the last shreds of its carefully crafted, decade-old image as a benevolent company just wanting to connect the world. Thousands of pages of internal documents provided to Congress by a former ...Read More

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99 Cryptocurrency Terms Explained: Every Crypto Definition You Need

admin Cryptocurrency October 21, 2021

Cryptocurrencies are digital currencies that run on decentralized computer networks called blockchains. Some of the most important and widely accepted cryptocurrencies are Bitcoin, Ethereum, Tether, Cardano, Binance Coin and USD Coin. Cryptocurrencies continue to grow, with new currencies cropping up all the time, and ...Read More

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Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic

admin Assets, Federal Reserve, Investigation September 17, 2021

Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying, including Chairman Jerome Powell. None of these ...Read More

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Investors ask U.S. SEC for more ESG disclosures as companies resist

admin ESG, Investment, Investors, SEC, Securities and Exchange Commission June 17, 2021

Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator shows. The deadline for ...Read More

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Credit Suisse cuts bonuses following Archegos loss

admin Bonus April 13, 2021

Credit Suisse Group AG has cut bonuses for its staff by hundreds of millions of dollars after it lost $4.7 billion from the collapse of hedge fund Archegos Capital, the Financial Times reported on Monday. The Swiss bank’s pre-tax income for the first quarter ...Read More

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China fines Alibaba record $2.75 billion for anti-monopoly violations

admin Antitrust April 12, 2021

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4% of Alibaba’s 2019 domestic revenues, comes ...Read More

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