How a Garbage Talking Crypto Brother Caused a $40 Billion Crash

Do Kwon, a South Korean entrepreneur, described the cryptocurrency he created in 2018 as “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, and brought together a group of investors and supporters that he proudly called “Mad”. Mr. Kwon’s company, Terraform Labs, has raised more than $200 […]

Bolt Builds $11 Billion Business With Inflated Metrics and Enthusiasm

A Fundraising Guru Still, Mr. Breslow became something of a legend in the Vale for his fundraising prowess and outspoken demeanor. Last summer, he published a 58-page book on fundraising. on Amazon as a “basic playbook” for beginners. “Foundation is all a matter of momentum,” he wrote. Jack Burlinson, an entrepreneur who has attended Stanford, […]

Musk Brings New Investors to Contribute $7 Billion to Twitter Deal

Elon Musk has brought in more than a dozen new investors to fund the $44 billion Twitter acquisition, including billionaire Larry Ellison and venture capital firm Sequoia Capital. Securities documents submitted Thursday morning. Investors will jointly contribute $7 billion to fund Twitter’s acquisition, with the rest coming from Mr. Musk’s own pocket or loans. Mr […]

Musk received $ 7 billion support for Twitter bid from tech giants

Billionaire Elon Musk bolstered his stake in the bid to buy Twitter, with more than $7 billion in commitments from various investors, including key Silicon Valley names like Oracle co-founder Larry Ellison. Thursday’s filing also noted that Musk is in ongoing talks with other parties, including former Twitter CEO Jack Dorsey, who is the company’s […]

Google reports 3.4 billion ads removed, 5.6 million advertisers launched

Google said Wednesday it blocked more than 3.4 billion ads and suspended 5.6 million advertiser accounts in 2021 as part of new efforts to fight disinformation and fraud. Data from Google’s “Ad Safety Report 2021” clarified The scale of the ad giant’s policing efforts and how it’s cleaning up conversations it doesn’t like on its […]

John Doerr Gives $1.1 Billion to Stanford for Climate School

Still, some question whether these philanthropic investments can make a difference when it comes to a planetary crisis. “I don’t see how giving a billion dollars to a wealthy university would set the needle in motion in the short term,” said David Callahan, author of The Givers: Wealth, Power, and Philanthropy. A New Gilded Age.” […]

Biden Administration Starts $3 Billion Plan for Electric Car Batteries

The Biden administration plans to begin a $3.1 billion effort Monday to spur domestic production of advanced batteries, which is essential to its plan to accelerate the adoption of electric vehicles and renewable energy. President Biden has encouraged automakers to use electric vehicles and utilities to switch to solar, wind and other clean energy, saying […]

Jeff Bezos lost more than $20 billion during Amazon’s collapse

Amazon founder Jeff Bezos has lost more than $20 billion after the tech giant saw its first quarterly loss since the Obama presidency. Amazon operated with a net loss of $3.8 billion this quarter, compared to a net profit of $8.1 billion in the same period last year. announced Thursday. The last time Amazon reported […]

Musk sells $8.5 billion in Tesla stock as he prepares to buy Twitter

Three days after Elon Musk devised a deal to buy Twitter, he sold nearly $8.5 billion worth of shares in Tesla to help finance the acquisition. Musk reported 9.6 million share sales in filings with the Securities and Exchange Commission on Thursday and Friday. Transactions were made at prices ranging from $822.68 to $999.13 per […]

Elon Musk sells $4 billion worth of Tesla stock, possibly for Twitter

DETROIT — Elon Musk has sold 4.4 million Tesla shares worth about $4 billion, most likely to help finance his acquisition of Twitter. Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. Shares were recently sold at prices ranging from $872.02 to $999.13. The richest man in the world, […]