Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX
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Amazon Pumps Another $2.75 Billion Into Anthropic
Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding
Trump’s Truth Social Makes Successful Market Debut
Shares in Donald Trump’s social media company rose about 16 percent after first day of trading on the Nasdaq
Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring
More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future
Trump’s Truth Social Moves Closer To $5bn Merger
Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors approve deal
UK Gives Three, Vodafone Five Days To Avoid In-Depth Merger Probe
CMA concerned the merger would lead to a 'substantial lessening of competition' and result in higher prices for consumers
Reddit Shares Surge After Successful NYSE IPO
Reddit enjoys successful initial public offering in New York, as shares rose which in turn pushed its market cap to $8 billion
Intel To Spend $100bn In US, After Biden’s $20bn Award
Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration
Vodafone Sells Italian Operation For €8 Billion
Last downsizing move? Vodafone sells off another European unit, namely its Italian operation to Swisscom for €8bn in cash
Former Treasury Secretary Steve Mnuchin Gathers Investors To Buy TikTok – Report
But will China sell? Former US Treasury Secretary claims he is putting together investor group to buy China's TikTok
UK Judge Rules Craig Wright Is Not Bitcoin’s ‘Satoshi Nakamoto’
Australian computer scientist Dr Craig Wright is not the Bitcoin inventor Satoshi Nakamoto, UK High Court judge rules
UK Joins EU’s Chip Research Program
UK joins European Union's chip funding research scheme, pledging £35 million for EU's 'Chips Joint Undertaking'
Telegram Reaches 900m Users, Nears Profitability
Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO
Reddit Seeks Valuation Up To $6.4bn In NYSE Listing
Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor scrutiny
Elliott Walks Away From Currys Offer
Shares in Currys plunge as US investment firm Elliiott Advisers walks away from making offer after being rejected by board 'multiple times'
Spain Temporarily Bans Worldcoin Eyeball Scans Over Privacy
Privacy watchdog in Spain orders Worldcoin to halt eyeball scans to make digital IDs in exchange for crypto
LinkedIn Admits Premium Subscriptions Bring In $1.7bn
LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023
Elon Musk Will Not Fund Candidates After Meeting Donald Trump
SpaceX CEO Elon Musk says he will not fund Joe Biden or Donald Trump in US Presidential election, after Trump meeting
UK Approves Newport Wafer Fab Sale To US Vishay Intertechnology
Government approves sale of UK's largest chip-making facility to US firm, after blocking sale to Chinese owned entity
Reddit Looks For $6.5bn Valuation In NYSE IPO
Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round
Nvidia Shares Close Over $2tn For First Time
Shares of Nvidia close over $2tn for first time after Dell reports surge in demand for AI servers, amidst ongoing stock market boom
Microsoft Investment In Mistral AI Prompts EU Scrutiny Calls
European lawmakers call for investigation after Microsoft this week made small investment in French startup Mistral AI
US SEC Investigates If OpenAI Investors Were Misled – Report
Financial regulator examines internal comms of CEO Sam Altman, after his shock firing for not being “consistently candid in communications”
Bitcoin Pushes Past $60,000, In First Time Since November 2021
Going up. Bitcoin surges past $60,000 on Wednesday, reportedly driven by huge inflows into the US-based spot ETFs
President Biden To Plug US Data Transfers To China, Russia Etc
US President issues executive order to protect Americans’ sensitive personal data from being transferred to hostile nation states
Lawyer For Bankman-Fried Urges Judge Not To Impose 100-Year Sentence
Sam Bankman-Fried’s lawyer asks US judge to reject 100-year recommended prison sentence for disgraced FTX co-founder
Google Pay To Close In US, To ‘Simplify’ Payment Apps
Mobile payments service from Google to be changed again, with shuttering of standalone Google Pay app in the US
Terra’s Do Kwon To Miss Start Of SEC Trial In US
US lawyer for disgraced cryptocurrency tycoon Do Kwon admits his client will likely miss start of SEC fraud trial
Nvidia Briefly Surpasses $2tn Valuation On AI Demand
Investors drive Nvidia shares briefly over $2tn after company reveals staggering financial benefits from AI boom
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark