Carvana, the Amazon of used cars, is collapsing
Carvana, the Amazon of used cars, had one of its worst days on Wall Street on Wednesday. Carvana shares fell more than 36% to $4.27 as doubts mounted about the…
$740 million in crypto assets recovered so far in FTX bankruptcy
NEW YORK — The company tasked with locking up the assets of failed cryptocurrency exchange FTX says it has been able to recover and secure $740 million in assets so…
The PC boom has busted and we’re about to see the results before Black Friday
Fueled by the pandemic the personal computer boom is overso how will this affect demand and prices for computers and the retailers that sell them this holiday season? A sense…
FTX collapse: Elon Musk tackles Silicon Valley powerhouse
The collapse, within a few days, of the FTX cryptocurrency exchange is a financial fiasco that has not yet revealed all its consequences, collateral damages and liabilities. FTX is a…
Bankman-Fried received a $1 billion personal loan from his company
Sam Bankman-Fried, the founder of the FTX exchange and Alameda Research, a cryptocurrency trading platform, seems to have confused the bank and his companies. Bankman-Fried received a $1 billion personal…
Fallen FTX reveals the top lenders on Friday
Insolvent cryptocurrency exchange FTX may have up to one million investors seeking to recoup their losses. The Bahamas-based brokerage filed for bankruptcy after facing a huge amount liquidity problems when…
Palantir’s stock is sliding. One of his investments just went bankrupt.
Palantir stocks have come under selling pressure amid concerns about the effects of a Chapter 11 bankruptcy filed last week from Fast Radius provider of cloud-based manufacturing and supply chain…
FTX’s bankruptcy is ‘someone running a company that’s just stupid as ___ greedy,’ says Mark Cuban
Billionaire Dallas Maverick owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX later this week. ““This is someone running a company that’s just dumb as…
Binance CEO warns the crypto crisis is not over
Changpeng Zhao warns investors that the rapid collapse of FTX is not the last for the digital currency market. Known as CZ because of his huge influence in the crypto…
Tom Brady, Steph Curry and Kevin O’Leary stand to lose big in FTX bankruptcy filing
Former CEO of FTX Sam Bankman-Fried lost his entire $16 billion fortune just days after his company filed for Chapter 11 bankruptcy protection on Friday, but he’s not the only…