You Searched For "softbank backed ftx" and got 15 results
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1 min read
SoftBank writes off about $100 million invested in bankrupt crypto exchange FTX
According to MarketWatch, the investment is now marked down to zero with SoftBank saying "it wou…
1 min read
Softbank is planning to invest in OpenAI, report says, after Masayoshi Son said he uses ChatGPT every day
Softbank is considering investing in OpenAI, after boss Masayoshi Son told Softbank shareholders he…
Tom Carter
1 min read
MLB star Shohei Ohtani takes a stake in crypto exchange FTX and joins Steph Curry and Tom Brady as the latest brand ambassador
Ohtani is joining FTX's A-list roster of sports ambassadors, which includes NFL superstar Tom Brady…
Isabelle Lee
7 mins read
The ultimate insider's guide to the dramatic downfall of Sam Bankman-Fried, Caroline Ellison, and FTX
Catch up on the history and latest developments of the FTX scandal and its founder Sam Bankman-Frie…
Sindhu Sundar
4 mins read
The collapse of crypto firm FTX and its superstar founder explained for those who know nothing about crypto
Sam Bankman-Fried and his crypto exchange, FTX, spectacularly imploded this week. Here's what happe…
Avery Hartmans
5 mins read
From a $32 billion valuation to a fire sale in 11 months: How FTX nosedived in spectacular fashion
"And once more, it's the retail investors who may pay the biggest price," Invezz analyst Dan Ashmor…
Matthew Fox
1 min read
The crypto exchange run by 29-year-old billionaire Sam Bankman-Fried was just valued at $18 billion
Though a touch lower than the $20 billion Bankman-Fried had previously sought, the valuation has co…
Ethan Wu
4 mins read
Sequoia Capital took a $213 million bath on FTX after the crypto exchange imploded. That's not that bad, VCs say.
Sequoia Capital now views its $213.5 million investment in FTX as worthless. But the third growth f…
Melia Russell
1 min read
Singapore's Temasek writes down its $275 million investment in collapsed FTX, calling its belief in founder Sam Bankman-Fried 'misplaced'
Temasek said the write-down of its FTX investment will occur irrespective of the outcome of the cry…
Carla Mozée
1 min read
Sam Bankman-Fried's FTX exchange grew revenue more than 1,000% during the crypto boom, leaked docs reportedly show
FTX's revenue soared from $89 million in 2020 to $1.02 billion in 2021, according to leaked interna…
Zahra Tayeb
1 min read
Digital Currency Group is reportedly selling shares from its most prized crypto funds at a steep discount as the digital asset giant navigates financial woes
Digital Currency Group told Insider that offloading assets "is simply part of our ongoing portfolio…
Morgan Chittum
4 mins read
2023 is shaping up to be a big year for dealmaking in live sports. Here's why.
After a mostly quiet 2022, the landscape for media deals is set to take off next year. One major th…
Dan DeFrancesco
3 mins read
The VC dream machine pumped out one dumb startup after another. 2023 should put an end to that.
After pumping NFTs, dog-walking startups, and groceries to your door in 10 minutes, startup investo…
Hasan Chowdhury
3 mins read
Big Tech CEOs are asking employees to step up — or step aside
Tech CEOs from Meta to Amazon have a message for their employees: step up, or run the risk of being…
Jordan Parker Erb
3 mins read
Gone are the days of chunky bonuses and salary increases. Wall Street's top brass are ready to trim their workforces as annual staff cuts return.
When dealmaking was on a tear everyone from junior analysts to big rainmakers commanded fat bonuses…