In a major blow to Sam Bankman-Fried, the founder of FTX, a judge has granted federal prosecutors’ request to revoke his bail due to alleged witness tampering. As a result, Bankman-Fried was immediately remanded to custody following a court hearing in New York. Despite Bankman-Fried’s plea for delayed detention pending an appeal, Judge Lewis Kaplan
Enterprise
The potential interest of Disney’s ESPN in taking an equity stake in the four major U.S. professional sports leagues has raised eyebrows and triggered discussions. While the talks are still in the early stages, it remains unclear why the leagues would consider such a partnership. According to anonymous sources familiar with the negotiations, the NBA
Roblox, the popular online gaming platform, saw its shares plummet by over 21% following the release of its second-quarter earnings report. The results fell short of analysts’ expectations on both the top and bottom lines, leading to a significant decrease in investor confidence. This disappointing performance raises concerns about the future prospects of the company
Apple’s iOS 17 is set to revolutionize the iPhone’s phone app with one of the most significant revamps in years. The updated Phone app in the software update introduces exciting new features such as real-time voicemail transcriptions and customizable contact posters. However, amidst all the positive changes, there is one tweak that might require longtime
Tesla CEO Elon Musk recently revealed that he may require surgery and is planning to undergo an MRI for his neck and upper back. Musk shared this information on X, the social media platform previously known as Twitter. Being involved in multiple high-level positions as the CEO of Tesla, as well as holding senior leadership
Paramount Global, the media company, has recently announced the sale of book publisher Simon & Schuster to private equity giant KKR for $1.62 billion. This decision comes after Paramount’s initial agreement with rival Penguin Random House to sell Simon & Schuster for $2.2 billion was rejected by a federal judge. In this article, we will
The recent rebranding of social network Twitter as X has sparked controversy as the platform commandeers the highly desirable username “@music” from open-source software developer Jeremy Vaught. Despite having built a community of around half a million followers over the course of 16 years, Vaught was given no choice but to surrender his username. X
In a recent announcement, Meta CEO Mark Zuckerberg revealed that Meta’s Twitter-like Threads app will soon be equipped with a search function and will also be accessible via the web. Zuckerberg expressed optimism about the app’s future, stating that it is on track to become a vibrant long-term application. Introduced in July, Threads initially garnered
China has firmly established itself as the global leader in the electric vehicle (EV) market, accounting for a staggering 59% of EVs sold worldwide in 2022, according to Canalys. Furthermore, the domestic automakers in China command an impressive 81% of the market share. With 5.9 million units sold, the country’s dominance is undeniable. Leading the
Singapore-based food delivery companies Grab and Foodpanda are capitalizing on the desire for dining out as the world emerges from the pandemic. Both apps are now venturing into the dine-in space, offering users the opportunity to pre-purchase dine-in vouchers at discounted rates. This move comes as consumers seek to enjoy meals at restaurants while also