2022-11-12
This is why billionaire tech and crypto bros despise journalists. They always end up shining light in places that were kept dark, telling stories that were meant to be never discovered, and reporting facts that are inconvenient. A back door 😑 https://www.reuters.com/... https://twitter.com/...
Reuters
Sources: spreadsheets shown by SBF to FTX's regulatory and legal teams show that at least $1B of client funds that moved from FTX to Alameda is unaccounted for
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
This is why billionaire tech and crypto bros despise journalists. They always end up shining light in places that were kept dark, telling stories that were meant to be never discovered, and reporting facts that are inconvenient. A back door 😑 https://www.reuters.com/... https://twitter.com/...
CoinDesk
FTX claims it has been hacked, and instructs users not to install new upgrades or go to FTX.com and to delete FTX apps, after $600M+ in crypto left FTX wallets
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
2022-09-14
“There is no question of [Deloitte] refusing to sign off on the audit. If you wait a few days, you will actually see that report.” - Byju's spokesperson That was in *June*, when @kalrajs23, @OBanerji & @tam_arund broke the news that got confirmed today. https://the-ken.com/... https://twitter.com/...
TechCrunch
In delayed audited financial statements, Byju's reports ~$305.6M revenue in FY2021 and a ~$577.4M loss, up from ~$32.9M in FY20, missing its own projections
Manish Singh / TechCrunch :
2022-06-27
Turns out, Amazon US has the exact same problem as Amazon India. Except, in India we have an added layer - Indian traders who bulk import generic products from China, add their own markup and “brand”, and then spam Amazon with the listings. https://www.wsj.com/... https://twitter.com/...
Wall Street Journal
A look at Amazon's fight with China-based sellers of generic items trying to game its algorithm to develop Marketplace brands and get the “Amazon's Choice” tag
Jeff Bezos wanted to build the ‘everything store’—and now the company is drowning in China-based sellers hawking the same items under a dizzying array of brands
2022-06-26
Turns out, Amazon US has the exact same problem as Amazon India. Except, in India we have an added layer - Indian traders who bulk import generic products from China, add their own markup and “brand”, and then spam Amazon with the listings. https://www.wsj.com/... https://twitter.com/...
Wall Street Journal
A look at Amazon's fight with China-based sellers of generic items trying to game its algorithm to develop Marketplace brands and get the “Amazon's Choice” tag
Jeff Bezos wanted to build the ‘everything store’—and now the company is drowning in China-based sellers hawking the same items under a dizzying array of brands
2021-10-20
Sounds like a very novel strategy. Nothing at all about about moving beyond increasingly toxic associations with Facebook brand. Zero similarities with tobacco giant Philip Morris rebranding itself to Altria many years ago. https://twitter.com/... https://twitter.com/...
The Verge
Source: Facebook is planning to change its company name to reflect its focus on the metaverse as soon as next week at Connect, its annual AR/VR conference
Mark Zuckerberg wants to be known for building the metaverse — Facebook is planning to change its company name next week to reflect …
2020-12-14
And WSJ continues its stellar run of Facebook + India investigative reporting! The latest bomb: Facebook is afraid to ban some organizations because its afraid its staff could be attacked in retaliation. Also, it designates India as a “tier one” country. https://www.wsj.com/... https://twitter.com/...
Wall Street Journal
Sources: Facebook fears cracking down on Hindu extremist groups in India because of the likelihood that it could lead to violence toward its staff
Wall Street Journal :
2020-10-08
Does this mean Amazon is not investing in Reliance Retail? Asking for a friend. https://economictimes.indiatimes.com/ ...
TechCrunch
Amazon has filed a legal notice against Future Group, India's second largest retail chain, for selling a large portion of its business to Reliance Retail
Manish Singh / TechCrunch :
2020-08-20
CPJ, the Committee to Protect Journalists, calls on Facebook's India public policy head Ankhi Das to “withdraw her criminal complaint against journalist Awesh Tiwari, and respect citizens' rights to criticize her.” https://cpj.org/...
Committee to Protect Journalists
Ankhi Das, a top Facebook exec in India, filed a criminal complaint against journalist Awesh Tiwari for sharing a WSJ article critical of Das on Facebook
Committee to Protect Journalists :
2020-05-16
When is Libra joining Jio? https://twitter.com/...
CNBC
Singapore state investor Temasek joins Libra, along with cryptocurrency investor Paradigm and private equity firm Slow Ventures
Saheli Roy Choudhury / CNBC :
2020-05-15
When is Libra joining Jio? https://twitter.com/...
CNBC
Singapore state investor Temasek joins Libra, along with cryptocurrency investor Paradigm and private equity firm Slow Ventures
- Singapore state investor Temasek is one of the latest organizations to join the Facebook-backed digital currency project libra.
2020-04-22
I'll put it this way: there is simply *no way* Facebook would have gotten Indian regulatory approval to buy 10% of Airtel.
TechCrunch
Facebook invests $5.7B in Jio for a 9.99% stake, making it the largest minority shareholder in the subsidiary of India's most valued firm, Reliance Industries
Facebook has enjoyed unparalleled reach in India for more than a decade. But as China's fast-growing ByteDance emerges …
2019-10-07
Only a matter of time before Ritesh Agarwal becomes the lead investor in Softbank Vision Fund 2. https://techcrunch.com/...
Bloomberg
Indian hotel-booking startup Oyo is raising $1.5B at a $10B valuation, of which $700M is from the founder Ritesh Agarwal, who plans to raise his stake to 30%
- 25-year-old founder will spend $700 million for new shares — Existing investors such as SoftBank, Sequoia will add the rest
2019-08-18
What a scoop from WSJ! Softbank will lend $20B to its own employees, including Masayoshi Son, to...wait for it...buy stakes in Softbank. These 2 lines are best. https://www.wsj.com/... https://twitter.com/...
Wall Street Journal
Sources: SoftBank plans to lend up to $20B to its employees to buy stakes in its second VC fund, with Masayoshi Son accounting for more than half of the amount
Unusual setup doubly exposes the Japanese company to a startup economy that is starting to show cracks