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?
Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal
Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges. Story Published at: December 21, 2022 at 02:07AM Continue Reading…
Elon Musk, Management Guru?
Why the Twitter owner’s ruthless, unsparing style has made him a hero to many bosses in Silicon Valley. Story Published at: December 16, 2022 at 10:00AM Continue Reading…
The Parents in the Middle of FTX’s Collapse
The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business. Story Published at: December 13, 2022 at 01:01AM Continue Reading…
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry. Story Published at: December 9, 2022 at 06:04AM Continue Reading…
The Crypto Industry Struggles for a Way Forward
The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals. Story Published at: December 5, 2022 at 10:00AM Continue Reading…
How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.
Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling. Story Published at: December 1, 2022 at 10:00AM Continue Reading…
NFTs, on the Decline Elsewhere, Are Embraced by Some Museums
ICA Miami owns a few, and M.F.A. Boston and others are selling them to reach new audiences “in a world where Instagram and Siri are prevalent.” Story Published at: November 30, 2022 at 10:02AM Continue Reading…
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange. Story Published at: November 29, 2022 at 10:00AM Continue Reading…
U.S. Crypto Exchange Kraken Settles With Treasury Department
The crypto exchange, which had been under investigation for violating U.S. sanctions, agreed to pay $360,000 to settle the allegations. Story Published at: November 28, 2022 at 07:01PM Continue Reading…