Sam Bankman-Fried’s Alameda, Voyager Digital spar in bankruptcy court

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used by traders and investors. … Read more

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the agreed to … Read more

Twitter-Musk drama escalates in legal filings claiming bad behavior

The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false … Read more

Elon Musk countersues Twitter over merger, filing confidential

Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk asked the court to keep details of … Read more

Amazon (AMZN) Q2 2022 earnings

Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here are the key numbers: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web … Read more

Facebook parent Meta earnings Q2 2022

g Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast, pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv Revenue: $28.82 billion … Read more

Twitter (TWTR) earnings Q2 2022

The official profile of Elon Musk on the social network Twitter. Rafael Henrique | Lightrocket | Getty Images Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth. Shares of Twitter fell as much as 2% in premarket trading. Here are the key numbers: Earnings per … Read more

Snap earnings Q2 2022

Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing second-quarter results and said it plans to slow hiring it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, and technology chief Bobby Murphy agreed to new employment contracts that will keep them in their jobs … Read more

Boris Johnson advises next prime minister

Prime Minister Boris Johnson speaks during Prime Minister’s Questions in the House of Commons, London. Picture date: Wednesday July 20, 2022. House Of Commons | Pa Images | Getty Images Departing UK Prime Minister Boris Johnson bid farewell to lawmakers in his own inimitable style as he implored British parliamentarians not to pay too much … Read more

Stock futures extend Dow rally as Netflix earnings beat estimates

US stock futures traded higher Wednesday as Wall Street tried to build on a sharp rally from the previous session and traders cheered strong quarterly results from Netflix. Dow Jones Industrial Average futures rose 54 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.2% and 0.4%, respectively. Netflix surged more than 7% in … Read more