Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M
With the sublime @cynthiao.bsky.social and @alexandraheal.bsky.social [embedded post] Mando / @mrmandolino.itch.io : All of this is following the exact same arc that the crypto\NFT bubble did — Like...
Some UK policymakers worry about Elon Musk complicating UK-US ties, as his diatribes against the Labour government extend well beyond tech and free speech
A London-based VC has connected Boris Johnson and the Tesla chief, who Tony Blair has praised as ‘an extraordinary innovator’ Bluesky: @edwardluce , @pickardje , and @bondhack X: @xdaily , @maxtempers...
Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving
Silicon Valley's premier venture firm undergoes ‘profound change’ after China splits and bets on FTX and Twitter sour X: @bondhack and @refsrc X: Robert Smith / @bondhack : [image] Manish Singh / @ref...
Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license
They are nowhere near listing-ready, we're not in 2021. Will they ever be? … Maarten Ectors : Vodafone and BT are axing tens of thousands of jobs because of technology innovations. Revolut made most...
A look at the proliferation of fake LinkedIn profiles; LinkedIn's transparency report says the company blocked 58M+ accounts in H2 2022, up from 22M in H1
https://www.ft.com/... Tweets: Glenn Gabe / @glenngabe : 58M... That's it? ;) -> A look at fake LinkedIn profiles; LinkedIn's transparency report says it blocked 58M+ accounts in H2 2022, up from 22M ...
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits
banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binance are ludicrous. Th...
The trial of three Wirecard executives has begun, seeking to understand how the €24B startup imploded in June 2020, one of the largest frauds in German history
A panel of Munich judges will from Thursday begin dissecting one of the biggest frauds in German history Tweets: @olafstorbeck , @robinwigg , @olafstorbeck , @pickardje , and @bondhack Tweets: Olaf St...
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend
Negativity Continues to Plague the Crypto Hedge Fund Anushsamal / Bitcoinist.com : BlockFi Mentions That It Liquidated Three Arrows Capital, Here's What We Know! John P. Njui / Ethereum World News : D...
Hong Kong-based crypto lender Babel Finance suspends withdrawals and redemptions to “protect the interests of our clients”, citing “unusual liquidity pressures”
Dear Customers， Recently, the crypto market has seen major fluctuations … Muyao Shen / Bloomberg : Crypto Lender Babel Freezes Withdrawals as Industry Pain Spreads Andrew Rummer / The Block : Babel Fi...