Mr. Musk said that he would resign as Twitter’s chief executive once he found a successor “foolish enough to take the job.” YouTube reaches deal for the rights to stream N.F.L.’s Sunday Ticket games. And Mark Zuckerberg appears in court in an anti… Story Published at: December 25, 2022 at 10:00AM Continue Reading…
The Week in Business: Who Comes After Elon Musk?
Bankman-Fried’s ‘Epic’ Legal Battle
The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges. Story Published at: December 23, 2022 at 12:21PM Continue Reading…
Sam Bankman-Fried Released on $250 Million Bond With Restrictions
The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California. Story Published at: December 22, 2022 at 06:52PM Continue Reading…
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance. Story Published at: December 22, 2022 at 08:03PM Continue Reading…
Sam Bankman-Fried, FTX’s Co-Founder, Is Increasingly Alone
Decisions by two senior associates to cooperate with government prosecutors raise the legal heat on the fallen crypto mogul. Story Published at: December 22, 2022 at 01:18PM Continue Reading…
Elon Musk’s Succession Plan Comes with Strings Attached
The Twitter owner has said he will resign as chief executive, but it’s far from certain whether he would actually step down as the boss. Story Published at: December 21, 2022 at 12:40PM Continue Reading…
Why This Is No Madoff Moment for FTX Creditors
The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets. Story Published at: December 20, 2022 at 12:31PM Continue Reading…
Sam Bankman-Fried Sent Back to Prison After Chaotic Hearing
The disgraced FTX founder, who has been in a Bahamas prison for the past week, was expected to agree to extradition to the United States, before a court hearing descended into confusion. Story Published at: December 19, 2022 at 06:36PM Continue Reading…
Elizabeth Warren Raises Questions About Elon Musk and Twitter
In a letter to Tesla’s board, the Democratic senator asks whether investors have been harmed by the billionaire tech mogul’s time running the social network. Story Published at: December 19, 2022 at 12:33PM Continue Reading…
The Week in Business: The FTX Founder’s Rapid Fall
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers. Story Published at: December 18, 2022 at 12:00PM Continue Reading…