DIRS.INFO The most relevant business & tech news

☆ Lower valuations, regulatory crackdowns, and a push for DeFi: 5 VCs break down their crypto-market outlooks after FTX's swift downfall
▼ + stars: | 2022-11-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +9 min

FTX, the crypto exchange once worth $32 billion, filed for Chapter 11 bankruptcy on Nov 11. FTX, the crypto exchange reportedly worth $32 billion in February, filed for Chapter 11 bankruptcy on Nov. 11. A regulatory crackdown and the bull case for DeFiInsider asked five venture investors about their biggest takeaways from the fallout. "First, the crypto market is being de-leveraged, which paves the way for the next upturn. Risks of FTX's downfall could have been mitigated with a "hands on approach" by venture investors.

☆ Remaking the River That Remade L.A.
▼ + stars: | 2022-11-10 | by ( Michael Kimmelman | Photographs Adali Schell | ) www.nytimes.com time to read: +33 min

Remaking the River That Remade L.A.February 1938 was a wet month in Los Angeles. Reservoirs overflowed, dams topped out and floodwaters careered down Pacoima Wash and Tujunga Wash toward the Los Angeles River. The Los Angeles River was never a storybook river of the kind that, like the Hudson or the Seine, we associate with great cities. Among the naysayers is a venerable organization called Friends of the Los Angeles River, founded by the Texas-born poet and performance artist Lewis MacAdams. “With all the problems L.A. is facing,” he said, “even if it costs $50 billion to fix the river, we should just effing do it.”The headwaters of the Los Angeles River aren’t easy to find.

☆ A long-shot Democratic candidate raised more than $15.6 million to defeat Marjorie Taylor Greene. He lost by 31 points.
▼ + stars: | 2022-11-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Marjorie Taylor Greene's Democratic opponent, Marcus Flowers, raised $15.6 million for his campaign. "Tomorrow, with your help, we could make history by defeating Marjorie Taylor Greene," Flowers wrote in a fundraising email sent on November 7, the night before the election. But let me make my case: We're building the most extensive Democratic campaign this district has EVER seen — and MTG is terrified." AP Photo/Ben GrayThe sum that Flowers raised is gargantuan for a congressional campaign, far outpacing the amounts raised by the party's most vulnerable members. Compare that to Democratic candidates in more competitive races, who have tended to raise between $3 and $10 million this year.

☆ Barry Diller says Twitter is a toy for Elon Musk
▼ + stars: | 2022-11-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Barry Diller, chairman of IAC and Expedia, told CNBC's "Squawk Box" Monday that Twitter, which he said is a toy for Elon Musk, will "much smaller business" under its new owner. Diller said he believes Musk is "quixotic" but "very rational," and he thinks Musk will stick by the company. Diller said he thinks Musk will figure out how to improve Twitter and make it more appealing, but he's not convinced that it will become the next super-app. Twitter laid off approximately half of its employees days later. Since closing the $44 billion deal, Musk has laid out a series of ideas for a new user verification process for Twitter through its subscription service Twitter Blue.

☆ Thieves keep stealing money from Kanye West's old 2020 presidential campaign account
▼ + stars: | 2022-11-03 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +5 min

Ye's 2020 presidential campaign account still has lots of money in it. A letter from Kanye West's 2020 presidential campaign committee to the Federal Election Commission. Federal Election CommissionSeparately, West's campaign reported a "fraudulent charge" of $233.98 on July 17 related to a campaign committee payment to Verizon. A campaign finance disclosure from Kanye West's 2020 presidential campaign to the Federal Election Commission. Now known as Ye, West's 2020 presidential campaign was a decidedly quixotic effort that gained far more attention than it ever did votes.

With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

Search resuls for: "quixotic"

6 mentions found