FTX’s celebrity endorsements were a big red flag, says the family that put all its money into bitcoin

The Taihuttu family, also known as the bitcoin family are known for putting all their money into the cryptocurrency in 2017. KanawatTH/Getty Images A Dutch family that put all its money into crypto in 2017 said there were red flags about FTX.  Didi Taihuttu told CNBC that FTX’s celeb endorsements were too unusual for it…

I was laid off from Lehman Brothers right before it collapsed. Here’s what the final chaotic weeks were like from the inside.

Adam Taylor outside the former Lehman Brothers office building in London. Adam Taylor Adam Taylor had been working in M&A at Lehman Brothers in London for 2½ years in 2008. He was made redundant in August 2008 and describes the atmosphere before the company went under. Taylor launched a pet-food-subscription business in 2010 and said…

Mark Zuckerberg, Andy Jassy, and Larry Fink just rang the alarm on the US economy. Here’s what they warned about the coming downturn.

Mark Zuckerberg. Charles Platiau/Reuters Mark Zuckerberg, Andy Jassy, and Larry Fink issued bleak warnings about the US economy on Wednesday. The Meta and Amazon bosses plan to cut costs, while the BlackRock chief expects stagnant growth. Treasury Secretary Janet Yellen said the US is in good shape and might still avoid a recession. Mark Zuckerberg,…

Elon Musk says he’s resolved a ‘misunderstanding’ with Tim Cook about Twitter potentially being yanked from Apple’s App Store

Elon Musk said on Wednesday he met with Apple CEO Tim Cook. JIM WATSON/AFP/Kevin Mazur/Getty Images Elon Musk said a misunderstanding over Twitter with Apple CEO Tim Cook was resolved on Wednesday. Cook was clear that Apple never considered removing Twitter from the App Store, Musk said. Musk claimed earlier this week that Apple had…

Sam Bankman-Fried just explained what happened at FTX: Everything to know

Good morning, readers. I’m senior reporter Phil Rosen. I never thought I’d see a bankrupt, vilified ex-crypto CEO overshadow comments from the chairman of the Federal Reserve, but alas, I can’t think of everything. Speaking at the Brookings Institution Wednesday, Fed Chair Jerome Powell said that there’s still a chance of a soft landing, and…

Sam Bankman-Fried says FTX had ‘no wild parties’ and most people wouldn’t drink any alcohol, report says

Sam Bankman-Fried said there were “no wild parties” at FTX to Andrew Sorkin at the New York Times’ Deal Book Summit. Tom Williams/CQ-Roll Call via Getty Images Sam Bankman-Fried said FTX had “no wild parties,” at the New York Times’ DealBook Summit.  He said people would play board games at his parties and barely consumed…

Nintendo apologises for Pokémon Scarlet and Violet performance issues

Nintendo has apologised for the performance issues of Pokémon Scarlet and Violet. Today brings a new patch for the game, which makes a handful of changes along with “select bug fixes”. As part of the patch notes, Nintendo has acknowledged the widespread performance issues found within the game and documented on social media. Read more…