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“Disney stock soars after Bob Iger replaces Bob Chapek as CEO” Shares of Walt Disney Co. were up 10% in pre-market trading early Monday as investors on Wall Street were jubilant over the news that Robert Iger would return to helm the Mouse House in place of ousted CEO Bob Chapek. Disney stock is expected…
“FTX’s Sam Bankman-Fried cashed out $300M after fundraising round last year: report” Disgraced former FTX CEO Sam Bankman-Fried reportedly gave himself a $300 million windfall last year when his then-red-hot cryptocurrency exchange secured a massive fundraising round. FTX raised $420,690,000 million from 69 different investors – both numbers clear nods to meme culture – during…
“Elon Musk trolled with messages on Twitter HQ: ‘Mediocre manchild’” A man who reportedly describes himself as a projection activist has trolled Twitter CEO Elon Musk by displaying messages criticizing him on the exterior of the social media company’s San Francisco headquarters. The footage has gone viral on Twitter — with around 4 million views — after being posted…
“New FTX CEO says crypto disaster worse than Enron” FTX’s new boss said the firm’s corporate governance under disgraced ex-CEO Sam Bankman-Fried was the worst he’s seen in his career — including his stint cleaning up the mess at Enron. FTX CEO John Ray III — an insolvency expert who steered energy firm Enron through…
“Binance CEO Changpeng Zhao ‘walking time bomb’ after FTX collapse” The economist known as “Dr. Doom” slammed cryptocurrency platform Binance’s CEO Changpeng Zhao as a “walking time bomb” on Wednesday following the implosion of its rival FTX. Nouriel Roubini, a New York University professor, blasted top figures in the cryptocurrency sector as “con men” just…
“Elon Musk cites focus on reviving Tesla, defends $56B pay” Elon Musk said he was completely focused on Tesla in 2017 when the electric car maker was in “crisis,” as he testified in a Delaware court on Wednesday to rebut claims that his $56 billion pay package was based on easy performance targets and approved by a compliant…
“FTX shrink says execs were ‘undersexed,’ denies substance abuse” The in-house performance coach at FTX claimed Tuesday the doomed crypto firm’s headquarters in the Bahamas was a “pretty tame place” — despite rampant speculation about its executives’ sex lives and alleged substance use. Online gossip alleging the group lived in a “polycule” — or network…
“Fired Twitter engineer blasts Elon Musk, company” A Twitter employee who was fired by tweet after criticizing Elon Musk ripped the billionaire and his advisers as a “bunch of cowards” — hours before the billionaire canned nearly two dozen other workers amid a brewing insurrection. Former Twitter software engineer Eric Frohnhoefer received a public pink…
“Elon Musk complains about his brutal work schedule: ‘I torture myself’” Elon Musk grumbled Monday about his grueling daily workload after adding a new role as CEO of Twitter to his already lengthy list of C-suite positions. A tired-sounding Musk revealed he has essentially worked 24/7 while leading a widely criticized overhaul at Twitter. The…
“FTX files for bankruptcy as CEO Sam Bankman-Fried resigns” FTX filed for bankruptcy and announced the resignation of CEO Sam Bankman-Fried on Friday, marking a stunning downfall for the 30-year-old billionaire seen as one of the cryptocurrency sector’s most prominent figures. FTX.com, FTX’s US operations, and Bankman-Fried’s cryptocurrency trading firm Alameda Research are among about 130 FTX…