EXCLSV

EXCLUSIVE Bankman-Fried’s FTX, parents bought Bahamas property worth $121 mln

FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

EXCLUSIVE Bankman-Fried’s FTX, parents bought Bahamas property worth $121 mln Read More »

EXCLUSIVE At least $1 billion of client funds missing at failed crypto firm FTX – sources

FTX founder Bankman-Fried secretly transferred $10 billion in funds to trading company Alameda – sources Bankman-Fried showed colleagues spreadsheets revealing transfer of funds to Alameda – sources Spreadsheets say between $1 billion and $2 billion of customer money goes unaccounted for – sources Executives set up accounting ‘backdoor’ that thwarted red flags – sources The …

EXCLUSIVE At least $1 billion of client funds missing at failed crypto firm FTX – sources Read More »

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto Read More »

Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls

OAKLAND, Calif., November 7 (Reuters) – U.S. chipmaker Nvidia Corp (NVDA.O) offers a new advanced chip in China that adheres to recent export control rules aimed at keeping advanced technologies out of China’s reach, the company confirmed on Monday. Nvidia responded to reports from Reuters that Chinese computer vendors are advertising products with the new …

Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls Read More »

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

November 1 (Reuters) – Tesla (TSLA.O) aims to start mass production of its Cybertruck in late 2023, two years after long-awaited pickup truck CEO Elon Musk’s original target unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month it was working on preparing its Austin, Texas factory to build …

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023 Read More »

Exclusive: Tesla faces U.S. criminal probe over self-driving claims

October 25 – Tesla Inc. (TSLA.O) is under criminal investigation in the United States for allegations that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice last year launched an undisclosed investigation into more than a dozen crashes, some of them fatal, involving Tesla’s Autopilot …

Exclusive: Tesla faces U.S. criminal probe over self-driving claims Read More »

Exclusive: Twitter is losing its most active users, internal documents show

Oct. 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk pondered in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by Reuters, goes well beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active …

Exclusive: Twitter is losing its most active users, internal documents show Read More »

Exclusive: Brands blast Twitter for ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers, including Dyson, Mazda, Forbes and PBS Kids, have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters on Wednesday evening that they had suspended advertising on …

Exclusive: Brands blast Twitter for ads next to child pornography accounts Read More »

EXCLUSIVE Deal partner for Trump’s Truth Social fails to get backing for SPAC extension -sources

The Truth social network logo is seen on a smartphone in front of a screen of former US President Donald Trump in this illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 5 (Reuters) – The blank check acquisition firm that agreed to merge with Donald …

EXCLUSIVE Deal partner for Trump’s Truth Social fails to get backing for SPAC extension -sources Read More »

Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Join now for FREE unlimited access to Reuters.com Register Alibaba notified of US audit inspection – sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have picked e-commerce giant Alibaba Group …

Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources Read More »