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Michael Rothenberg became known for his rapid rise to success with his VC firm, Rothenberg Ventures. But this week he became yet another Silicon Valley star to be convicted of fraud. AdvertisementA once high-flying Silicon Valley venture capitalist, whose partying lifestyle inspired an HBO show, has been convicted of committing fraud amounting to $18.8 million. Rothenberg first rose to prominence in 2013 after raising $5 million for his venture capital management fund, Rothenberg Ventures, aged just 27. But in 2016, Rothenberg Ventures collapsed after admitting to investors it was being investigated by the Securities and Exchange Commission (SEC).
Persons: Michael Rothenberg, Rothenberg, , Chace Crawford's, Vox Organizations: Rothenberg Ventures, Service, HBO, US, Office, Northern, Northern District of California, Bloomberg, Rothenbergs Ventures, Golden State Warriors, San Francisco Giants, Golden Globes, TechCrunch, Rothenberg's, T, Securities and Exchange Commission, SEC, Wired, River Studios, Coldplay, Valley Bank Locations: Silicon, California, Northern District, Napa Valley, Hollywood, San Francisco
MADRID (Reuters) - Spanish police on Tuesday detained a man linked to a murder attempt on the former head of Spain's conservative People's Party in Catalonia on Nov. 9, news website El Confidencial reported. The man, a Spanish national, was under police surveillance for several days before his arrest, El Confidencial reported, citing sources close to the investigation. The 78-year-old conservative politician survived the attack as the bullet passed through his jaw but he is reportedly still in hospital. Vidal-Quadras is former head of the centre-right People's Party (PP) in Catalonia and a founder of Spain's far-right Vox party. He has been a staunch ally of the Committee of the National Council of Resistance of Iran, which blamed the Iranian regime for the attack.
Persons: El Confidencial, Alejo Vidal, Quadras, Vidal, Inti Landauro Organizations: Spanish, People's Party, Police, Vox, National Council of Resistance Locations: MADRID, Catalonia, Spanish, Salamanca, Madrid, Iran
Police work at the site where Alejo Vidal-Quadras, former head of Spain's People's Party in the Catalonia region, was shot in the face, in Madrid, Spain, November 9, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsMADRID, Nov 21 (Reuters) - Spanish police on Tuesday detained a man linked to a murder attempt on the former head of Spain's conservative People's Party in Catalonia on Nov. 9, news website El Confidencial reported. The man, a Spanish national, was under police surveillance for several days before his arrest, El Confidencial reported, citing sources close to the investigation. The 78-year-old conservative politician survived the attack as the bullet passed through his jaw but he is reportedly still in hospital. Vidal-Quadras is former head of the centre-right People's Party (PP) in Catalonia and a founder of Spain's far-right Vox party.
Persons: Alejo Vidal, Quadras, Nacho, El Confidencial, Vidal Organizations: Spain's People's Party, REUTERS, Rights, Spanish, People's Party, Police, Vox, National Council of Resistance, Inti Landauro, Thomson Locations: Catalonia, Madrid, Spain, Rights MADRID, Spanish, Salamanca, Iran
Lawmakers said Monday that they have issued subpoenas to the CEOs of X, Snap and Discord to compel the executives to testify on a hearing regarding online child sexual exploitation. Marshals Service to personally serve the subpoenas to Discord and X, which they characterized as "a remarkable departure from typical practice." Hearing from the CEOs of some of the world's largest social media companies will help inform the Committee's efforts to address the crisis of online child sexual exploitation." A Discord spokesperson said that, "Keeping our users safe, especially young people, is central to everything we do at Discord." "We have been actively engaging with the Committee on how we can best contribute to this important industry discussion," the Discord spokesperson said.
Persons: Linda Yaccarino, Vox, Dick Durbin, Lindsey Graham, Durbin, Graham, Wifredo Fernandez, Fernandez, Evan Spiegel, they've, Mark Zuckerberg, TikTok's Shou Zi Chew Organizations: The Ritz, Carlton, Lawmakers, U.S . Marshals Service, Big Tech, Twitter, CNBC, Committee, Meta, X Corp Locations: Laguna, Dana Point , California, Canada
The amnesty will cover about 400 people involved in the independence bid that came to a head in 2017, including separatists but also police involved in clashes with activists. The independence referendum was declared illegal by the courts and resulted in Spain's worst political crisis for decades. The amnesty will be the largest in Spain since the 1977 blanket amnesty for crimes committed during the Francisco Franco dictatorship, and the first amnesty law approved in the European Union since 1991, according to Spain's CSIC research council. Protesters, including neo-Nazi groups, have held rowdy demonstrations outside the Socialist headquarters in Madrid for 15 nights consecutively since the deal was announced. In a survey by Metroscopia in mid-September, around 70% of respondents - 59% of them Socialist supporters – said they were against the idea of an amnesty.
Persons: Catalonia's, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Santiago Abascal, Francisco Franco, Metroscopia, , Graham Keeley, Susana Vera, Raul Cadenas, Silvio Castellanos, Clelia Oziel, Mike Harrison Organizations: Spain's Socialists, Spain's Socialist, Authorities, People's Party, Vox, European Union, Socialist, Thomson Locations: Madrid, Spain, MADRID, Catalan, Basque, Catalonia
The White House blasted Elon Musk after he endorsed an antisemitic post on X. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe White House on Friday blasted Elon Musk for the "abhorrent promotion of Antisemitic and racist hate" after the Tesla CEO replied with his approval to an antisemitic tweet. "The ADL unjustly attacks the majority of the West, despite the majority of the West supporting the Jewish people and Israel," Musk wrote. The world's richest person has a tenuous relationship with the Biden White House.
Persons: Elon Musk, , Andrew Bates, Bates, Musk, Dustin Moskovitz, Jonathan Greenblatt, Musk's, Greenblatt, Vox, Joe Biden, Ron DeSantis Organizations: Elon, Service, Twitter, New York Times, IBM, Defamation League, Biden White, EV, Florida Gov, SpaceX Locations: Israel, America, Florida
Linda Yaccarino's efforts to reassure companies about X are being undermined by Elon Musk. Yaccarino released a statement on Thursday saying X is working to combat antisemitism. However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. AdvertisementLinda Yaccarino's efforts to reassure companies that X is safe for brands are being undermined by Elon Musk's actions. The contrast between Yaccarino's statement and Musk's post was not lost on platform users.
Persons: Linda Yaccarino's, Elon Musk, Yaccarino, Musk, , Elon Musk's, , Linda Yaccarino, Dustin Moskovitz, Ross Gerber, Tesla, VWqtI32Jxz — Matthew Gertz, Yaccarino —, Yaccarino's, Lou Paskalis, they're Organizations: Service, IBM, Financial, Media, Apple, Comcast, X, Business, Reuters, Vox Media, Conference
Don’t Believe the Hype About Abortion
  + stars: | 2023-11-16 | by ( Karl Rove | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: Will Joe Manchin run on a third party ticket for president? Images: AP Composite: Mark KellyThere’s a tendency in politics to ascribe success and failure to one thing when it’s really more complicated. That has been the case with most coverage of last week’s elections. “Abortion issues burn GOP” screamed ABC News. Vox’s Rachel Cohen described the results in Virginia and elsewhere as “a resounding victory for Democrats and abortion rights supporters.” But is holding a 21-19 majority in the Senate and a 51-49 majority in the House really a resounding victory?
Persons: Will Joe Manchin, Mark Kelly There’s, , Vox’s Rachel Cohen Organizations: ABC, , Senate Locations: Virginia
Reuters —Spain’s parliament voted to make Pedro Sanchez prime minister for another term on Thursday, ending a protracted deadlock after an inconclusive general election in July. Sanchez had 179 votes in favor and 171 against, with no abstentions. It also represents a remarkable turnaround for Sanchez, who six months ago felt compelled to call a snap election after his party performed poorly in regional elections. Pedro Sanchez (L) is congratulated by Partido Popular leader Alberto Nunez Feijoo after winning a parliamentary vote to elect Spain's next premier, at the Congress of Deputies in Madrid on November 16. Feijoo described Sanchez as being “subject to a monthly contract with separatists” to be able to govern.
Persons: Reuters —, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Olaf Scholz, ” Scholz, , Ursula von der Leyen, Volodymyr Zelensky, Rodrigo Jimenez, Javier, Vox, Santiago Abascal, Feijoo, Esteban Gonzalez Pons, ” Sanchez, Spain's, Javier Soriano, , Miriam Nogueras, Nadia Calvino Organizations: Reuters, Spanish Socialist Workers ’ Party, PSOE, People’s Party, EU, Ukrainian, Spanish Socialist Worker's Party, Deputies, European People’s Party, EPP, Partido Popular, Socialists, European Investment Bank Locations: Spain, Catalonia, Spanish, Madrid, Socialist
Sanchez wins Spanish parliament's backing for new term as PM
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
His Spanish Socialist Workers' Party (PSOE) had reached separate deals with a number of regional parties to earn their backing, including a contentious bill on amnesty for Catalan separatists that has sparked protests across Spain. Sanchez's bid garnered 179 votes in favour and 171 against, with no abstentions. The "nays" stemmed from the conservative People's Party, the far-right Vox and the People's Union of Navarre's lone lawmaker. PSOE's hard-left ally Sumar, Catalan pro-independence parties Junts and ERC, Basque parties PNV and EH Bildu, Galicia's BNG and the Canary Coalition all voted for Sanchez, who first acceded to the office in 2018. Reporting by Belén Carreño, Inti Landauro and Emma Pinedo; Writing by David Latona; Editing by Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.
Persons: Pedro Sanchez, amnesties, Catalonia's, Sanchez's, Vox, Navarre's, PSOE's, Sumar, Galicia's BNG, Sanchez, Belén Carreño, Inti Landauro, Emma Pinedo, David Latona, Andrei Khalip Organizations: Spain's, Spanish Socialist Workers ' Party, PSOE, People's Party, People's Union, Junts, ERC, Canary Coalition, Thomson Locations: MADRID, Spain, Catalan, Basque
Sanchez Wins Spanish Parliament's Backing for New Term as PM
  + stars: | 2023-11-16 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +1 min
MADRID (Reuters) - Spain's lower house of parliament on Thursday voted to make Pedro Sanchez prime minister for another term by a wafer-thin margin, ending a protracted deadlock after an inconclusive general election in July. His Spanish Socialist Workers' Party (PSOE) had reached separate deals with a number of regional parties to earn their backing, including a contentious bill on amnesty for Catalan separatists that has sparked protests across Spain. The "nays" stemmed from the conservative People's Party, the far-right Vox and the People's Union of Navarre's lone lawmaker. PSOE's hard-left ally Sumar, Catalan pro-independence parties Junts and ERC, Basque parties PNV and EH Bildu, Galicia's BNG and the Canary Coalition all voted for Sanchez, who first acceded to the office in 2018. (Reporting by Belén Carreño, Inti Landauro and Emma Pinedo; Writing by David Latona; Editing by Andrei Khalip)
Persons: Pedro Sanchez, Sanchez's, Vox, Navarre's, PSOE's, Sumar, Galicia's BNG, Sanchez, Belén Carreño, Inti Landauro, Emma Pinedo, David Latona, Andrei Khalip Organizations: Spanish Socialist Workers ' Party, PSOE, People's Party, People's Union, Junts, ERC, Canary Coalition Locations: MADRID, Spain, Catalan, Basque
Spanish acting Prime Minister Pedro Sanchez during the investiture debate at the Spanish Parliament on Nov. 15, 2023 in Madrid, Spain. Spain's parliament has empowered acting Prime Minister Pedro Sanchez to assemble a government, following two failed investiture attempts from right-wing opposition leader Alberto Núñez Feijóo. Sanchez, who helms the Spanish Socialist Workers' Party (PSOE), won 179 votes in favor, with 171 against and no abstentions. It ends a four-month political deadlock following inconclusive general elections in July, when Feijóo's People's Party won a 136 majority of seats, while the Socialists clinched 121. Sanchez himself had called for the vote after his party hemorrhaged losses in regional and municipal elections in late May.
Persons: Pedro Sanchez, Alberto Núñez Feijóo, Sanchez, helms, Feijóo's, Vox, Junts, Carles Puigdemont Organizations: Spanish, Spanish Socialist Workers ' Party, PSOE, Feijóo's People's Party, Socialists, Catalan, Catalonian Locations: Madrid, Spain, Spain's, Catalonia, Galicia, Basque Country, Belgium
The amnesty deal with Catalan separatists has prompted a wave of protests across Spain. Authorities said 80,000 people gathered in Madrid on Sunday, while tens of thousands also attended demonstrations in Granada and Seville. Thousands have congregated each night for nearly a fortnight outside the Socialist Party (POSE) headquarters in Madrid. "We are Spaniards worried about Spain," said one young protester draped in a Spanish flag. The Supreme Court on Wednesday rejected an injunction by the far-right party Vox to suspend the investiture vote.
Persons: Sanchez, Pedro Sanchez's, Junts, Vox, Adolf Hitler, Esteban Gonzalez Pons, Alberto Nunez Feijoo, Belen Carreno, Miguel Gutierrez, Charlie Devereux, Aislinn Laing, Emelia Organizations: Spain's, Amnesty, Spain MADRID, Police, ERC, Sanchez’s Socialists, People's Party, Authorities, Sunday, Socialist Party, Eastern, European, Sanchez's Socialist Party, PSOE, Junts, Thomson Locations: Spain, Spain's, Madrid, Catalan, Granada, Seville, Spanish, Hungary, Romania
REUTERS/Susana Vera/File photo Acquire Licensing RightsMADRID, Nov 13 (Reuters) - Spain's acting Prime Minister Pedro Sanchez will seek to clinch a new term in a parliamentary vote on Thursday, the lower house speaker Francina Armengol said on Monday. The vote will follow a parliamentary debate scheduled to start at noon local time (1100 GMT) on Wednesday, she told reporters. Sanchez looks assured of winning a new term with an absolute majority of the 350-member assembly. After an inconclusive election on July 23, Sanchez's Socialist Party spent weeks negotiating with smaller parties, most of which had supported him in 2020 for his previous term. Reporting by Inti Landauro; Editing by David Latona and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.
Persons: Pedro Sanchez, Andoni Ortuzar, Susana Vera, Francina Armengol, Sanchez, UPN's, Inti Landauro, David Latona, Andrew Cawthorne Organizations: Basque Nationalist Party, REUTERS, Rights, Junts, ERC, Sanchez's Socialist Party, Bildu, Canary Coalition, Thomson Locations: Madrid, Spain, Rights MADRID, Catalan, Basque, Navarre
Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday. Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022.
Persons: Technology Denise Holland Dresser, Casey Hurbis, Shilpa Sharma, Denise Dresser, Slack, Salesforce, Marc Benioff, Dresser, Lidiane Jones, Jones, Bumble, Whitney Wolfe, Benioff, Denise, Arthur Andersen, Stewart Butterfield, Bret Taylor, Butterfield, — CNBC's Ari Levy, Jordan Novet Organizations: Communications, Media, Technology, Rocket, Boston Consulting, Salesforce, CNBC, University of Massachusetts Amherst, Oracle, Big Locations: Beverly Hills , California, Salesforce
MADRID (Reuters) - Spain's acting Prime Minister Pedro Sanchez will seek to clinch a new term in a parliamentary vote on Thursday, the lower house speaker Francina Armengol said on Monday. The vote will follow a parliamentary debate scheduled to start at noon local time (1100 GMT) on Wednesday, she told reporters. Sanchez looks assured of winning a new term with an absolute majority of the 350-member assembly. The prospect of the amnesty has brought thousands of opponents to the streets over the past week. After an inconclusive election on July 23, Sanchez's Socialist Party spent weeks negotiating with smaller parties, most of which had supported him in 2020 for his previous term.
Persons: Pedro Sanchez, Francina Armengol, Sanchez, UPN's, Inti Landauro, David Latona, Andrew Cawthorne Organizations: Junts, ERC, Sanchez's Socialist Party, Bildu, Canary Coalition Locations: MADRID, Catalan, Spain, Basque, Navarre
Key to the agreement signed Thursday is a massively controversial amnesty that could benefit Puigdemont and thousands of other secessionists. Puigdemont is one of several Catalan leaders who fled justice after an illegal independence referendum was held in 2017. 1 for many Spaniards, and Catalan independence a politically toxic issue, some wonder why Sánchez, who has long opposed any amnesty, is now pushing for it. Those include the two pro-secession Catalan parties who led the unsuccessful 2017 breakaway attempt. A LEGAL QUAGMIREAny amnesty approved by Spain's Parliament is likely to be contested by the opposition parties and several courts in Spain.
Persons: — Spain's, Pedro Sánchez ’, Carles Puigdemont, Sumar —, Sánchez, Junts, QUAGMIRE, Didier Reynders, Spain’s, ___ Wilson Organizations: MADRID, Socialist, WHO, AMNESTY, Sánchez's Socialists, Forces, Popular Party, Vox, Police, Socialists, Junts, Basque Country, Court, European Union Locations: Catalunya, Catalonia, Spain, Spain's, Puigdemont, CATALONIA, Barcelona, Madrid, Basque, Navarra, Belgium
Madrid CNN —The former president of Spain’s Popular Party in Catalonia, Alejo Vidal-Quadras, was shot in the face in Madrid on Thursday afternoon, a spokesman for Spain’s Interior Ministry told CNN. “He has been taken conscious to the hospital, whilst National Police agents are investigating the facts”, the spokesman added. Vidal-Quadras is one of the founder members of the far-right party Vox, currently the third largest force in the lower house of Spanish parliament. “I would like to send my solidarity and wishes for a speedy recovery to Alejo Vidal-Quadras,” wrote Sanchez in a post on X. We hope the investigation can clarify the facts as soon as possible and those responsible will be arrested.”This is a developing story.
Persons: Alejo Vidal, Vidal, Quadras, Vox, Nacho Doce, Santiago Abascal, it’s, Pedro Sanchez, , , Sanchez Organizations: Madrid CNN, Spain’s Popular Party, Spain’s Interior Ministry, CNN, National Police, Police, Reuters Vox Party, Spanish Locations: Madrid, Catalonia
The Vice-President of the European Parliament Alejo Vidal-Quadras from Spain meets the media at the European Parliament in Brussels, Belgium, Tuesday Jan. 27, 2009. Veteran Spanish right-wing politician Alejandro Vidal-Quadras has been taken to a hospital in Madrid after being shot on a street in the capital, police said Thursday. After he broke away, he helped found the far-right Vox party. Vox President Santiago Abascal said he believed Vidal-Quadras' life wasn't in immediate danger. Popular Party President Alberto Núñez Feijóo deplored the shooting and wished for his recovery.
Persons: Alejo Vidal, Quadras, Tuesday Jan, Alejandro Vidal, EFE, Vidal, Mariano Rajoy, Vox, Santiago Abascal, Abascal, Alberto Núñez Feijóo, Pedro Sánchez, Sánchez, Quadras hasn't Organizations: Tuesday, Veteran Spanish, Police, Popular Party, Vox, Spanish Locations: Spain, Brussels, Belgium, Madrid, Spanish, Quadras, Catalonia, Kazakhstan, Kyrgyzstan, Uzbekistan
Former Catalan politician shot in face in Madrid
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Police work at the site where Alejo Vidal-Quadras, former head of Spain's People's Party in the Catalonia region, was shot in the face, in Madrid, Spain, November 9, 2023. REUTERS/Nacho Doce Acquire Licensing RightsMADRID, Nov 9 (Reuters) - The former head of Spain's People's Party in the Catalonia region was shot in the face in Madrid on Thursday, police said. Alejo Vidal-Quadras was shot in the wealthy Salamanca area of central Madrid at about 1.30 p.m. and taken to hospital. Spanish police said they were hunting two men in connection with the shooting who were on a black Yamaha motorbike. Vidal-Quadras, 78, was the head of the centre-right PP in Catalonia and a member of the far-right Vox party.
Persons: Alejo Vidal, Quadras, Vidal, Pedro Sanchez, Graham Keeley, Angus MacSwan, Toby Chopra Organizations: Spain's People's Party, REUTERS, Rights, Yamaha, Vox, Police, Thomson Locations: Catalonia, Madrid, Spain, Rights MADRID, Salamanca, Quadras
DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Whitney Wolfe Herd, founder and CEO of the dating app Bumble , is stepping down from her role at the helm of the company early next year. She will be succeeded by Lidiane Jones, CEO of Salesforce's cloud-based messaging platform Slack, on Jan. 2, 2024, according to a company release Monday. She will transition to a new role as executive chair when Jones takes over as CEO. She added that she is "grateful to have the support of my colleagues at Slack and Salesforce."
Persons: POINT, Whitney Wolfe Herd, Bumble, Vox, Jerod Harris, Wolfe Herd, Lidiane Jones, Jones, Slack, Salesforce Organizations: The Ritz, Carlton, Getty, Vox Media, Microsoft, CNBC PRO Locations: CALIFORNIA, Laguna Niguel, Dana Point , California
The clashes led to chaotic scenes of people running amid smoke and trash containers thrown in the streets, Reuters video footage showed. Around 4,000 people attended the protest - including Spain's far-right party Vox leader, Santiago Abascal - and at least one person was detained, according to local media reports. The Socialists are reportedly nearing their negotiations with Puigdemont's party, Junts, while the proposed law has been fiercely criticized by conservative parties and judges who accuse Sanchez of jeopardizing the rule of law. The protest was organised by a Spanish nationalist grassroots organization and smaller protests took place in other Spanish cities such as Barcelona. "To attack the PSOE offices is to attack democracy and all those who believe in it," Sanchez posted on X, using the Socialist Party acronym in Spanish.
Persons: Pedro Sanchez, Catalonia's, Santiago Abascal, Sanchez, Carles Puigdemont, Puigdemont Organizations: Spanish, Spain's Socialists Party, PSOE, Socialist Party, TVE, Police, Socialist, El, Socialists, Thomson Locations: Madrid, Spain, MADRID, El Pais, Spanish, Barcelona
Noah Kahan’s Rootsy Rock Revival
  + stars: | 2023-11-03 | by ( ) www.nytimes.com   time to read: +1 min
Noah Kahan’s song “Stick Season” currently sits at No. But it’s more remarkable because “Stick Season” is the title track of an album released just over a year ago. That success arrives a few years into Kahan’s career, which began with more straight-ahead pop and shifted into rootsier territory during the pandemic. He inflects his songs with bits of Vermont attitude and lore, and has collaborated with Zach Bryan and Kacey Musgraves. On this week’s Popcast, a conversation about how Kahan’s niche stardom has given way to pop acclaim, how Vermont figures into his songwriting and sound, and how he revisits the rustic mainstream rock of the early 2010s.
Persons: Noah Kahan’s, Kahan, Zach Bryan, Kacey, Rebecca Jennings, Vox Jason Lipshutz, Jon Caramanica Organizations: Billboard, Facebook, Twitter Locations: rootsier, Vermont
Sam Bankman-Fried was found guilty of all seven charges against him. AdvertisementAdvertisementA New York jury took less than five hours on Thursday to find Sam Bankman-Fried guilty of all seven charges the FTX founder faced. Now facing up to 110 years in prison, SBF's conviction marks the final nail in the coffin for the coterie of crypto bros who got rich quick. Bankman-Fried also testified he believed regulation would help give FTX a competitive edge over rival crypto exchange Binance. That complaint includes one especially damning exchange, in which the SEC alleges Binance's chief compliance officer said:"we are operating as a fking unlicensed securities exchange in the USA bro."
Persons: Sam Bankman, Fried, Crypto's, , Renato Mariotti, that's, it's, SBF, Binance's, There's, Kwon, Luna, Elon Musk's, Joe Biden's Organizations: Service, bros, BlackRock, DMs, Securities, Exchange Commission, Binance, SEC, New York Magazine Locations: York, Japan, Washington, Binance, USA
The FTC's excerpts say the tool - codenamed “Project Nessie” - has been used by Amazon to pinpoint products that will allow it to rake in more cash. The company used it to predict where it can raise prices and have other shopping sites follow suit. Amazon activated the algorithm to raise prices on some products, and when other sites followed its lead, it kept the elevated prices in place, the agency said. The agency said Amazon deployed Project Nessie in 2014 and has turned it on and off at least eight times between 2015 and 2019. In 2018 alone, Amazon used the algorithm to set prices for items that were viewed more than 400 million times by shoppers, according to the complaint.
Persons: Tim Doyle, ” Doyle, Jason Del Ray, Nessie, Doyle, “ Nessie, Jeff Bezos Organizations: Federal Trade Commission, FTC, Amazon, Wall Street Journal, Nessie
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