The Week's Headlines: What You Might Have Missed
FTX, the world's second largest cryptocurrency exchange, declared bankruptcy this week after a plan to sell itself to rival Binance for $1 billion a far cry from its peak $32 billion valuation fell apart.
The exchange's descent took the feel of FTX CEO Sam Bankman Fried aka SBF, who went from being worth $16 billion to $0 in the last 24 hours.
The chief executive officer of FTX Sam Bankman Fried stepped down from his position & is still being investigated for possible crimes or securities law violations.
Meta laid off 11,000 staffers on Wednesday. Meta was brought down to a large extent by Mark Zuckerberg 's commitment to building & development of an online metaverse world that has little real value for now.
Masayoshi Son, SoftBank’s founder and chief unicorn hunter, said yesterday he’d step back from the day to day after the firm’s signature Vision Fund reported a $10 billion quarterly loss.
Elon Musk's second week on Twitter was a disaster, starting with the frenetic launch of his pay-for-blue-check plan, which had to be stopped after bots pretending to be popular brands exposed its flaws.
Elon Musk even hinted that Twitter might go bankrupt.
At the Law Offices of Omar Zambrano, we want to connect with you and see how our firm can help you, your friends, and family members with your legal problems.
We offer Free Consultations by calling us at 626-338-5505.