Monthly Archives: November 2022

Sequoia Capital says it’s marking its investment in FTX down to $0 as a liquidity crunch threatens to put the crypto exchange into bankruptcy

Sam Bankman-Fried stunned the crypto world on Tuesday when he announced his exchange FTX was to be acquired rival exchange Binance — which then bailed on the deal on Wednesday. Getty Images VC giant Sequoia Capital told investors it’s marking down its investment in FTX to zero. FTX had asked Binance for help amid a…

Biden says Elon Musk’s relationships with foreign countries are ‘worthy of being looked at’

President Joe Biden cautioned he wasn’t suggesting that Musk had done “anything inappropriate.” Samuel Corum/Getty Images, Taylor Hill/Getty Images President Joe Biden said Elon Musk’s ties with foreign countries are “worth being looked at.” He added that he wasn’t suggesting Musk is doing “anything inappropriate.” A Saudi prince and a Qatari sovereign fund’s subsidiary are…

The Murdoch-owned New York Post, which long championed Donald Trump, mocks ‘Trumpty Dumpty’ for failing to put the GOP ‘back together again’

Former President Donald Trump talks to supporters at Mar-a-lago on November 8, 2022, in Palm Beach, Florida. Andrew Harnik/AP The New York Post depicted Donald Trump as a nursery-rhyme character for its Thursday cover. The tabloid paper previously endorsed Trump for re-election in 2020, but not in 2016. Many Republicans saw the midterm results as…