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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm not focusing on criminal liability, what matters are the stakeholders who got hurt: Sam Bankman-FriedFormer FTX CEO Sam Bankman-Fried joins Andrew Ross Sorkin at The New York Times DealBook Summit to discuss whether he worries about being criminally charged.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe were spending too much of our energy getting licensed, in retrospect: Sam Bankman-FriedFormer FTX CEO Sam Bankman-Fried joins Andrew Ross Sorkin at The New York Times DealBook Summit to discuss what was going on at the company ahead of the bankruptcy.
Netflix CEO calls resisting ads a mistake
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: 1 min
Nov 30 (Reuters) - Netflix Inc (NFLX.O) co-founder Reed Hastings said on Wednesday he was "wrong" to resist ads for his streaming service. Hastings said Hulu proved streaming services could support advertising, and offer consumers lower prices. "I wish we had flipped a few years earlier on it," Hastings said during the New York Times DealBook summit. Reporting by Dawn ChmielewskiOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy lawyers tell me don't say anything, but I have a duty to explain what happened: Sam Bankman-FriedFormer FTX CEO Sam Bankman-Fried talks to Andrew Ross Sorkin at The New York Times DealBook Summit about what his lawyers are telling him and why he's operating in the Bahamas.
Yellen says unemployment rate in 4% range is 'healthy'
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: 1 min
NEW YORK, Nov 30 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Wednesday that she was not sure what an acceptable unemployment rate is for the current economic outlook, but said that the Treasury has considered jobless rates in the 4% range as indicative of a healthy labor market. Asked at the New York Times Dealbook summit to describe a politically palatable unemployment rate, Yellen said, "I'm not sure what the right number is, but certainly, historically, we would have considered numbers with unemployment in the force to be a very healthy labor market. The October unemployment rate was 3.7%, close to a 50-year low, and the Labor Department is due to report jobs data for November on Friday. Reporting by David LawderOur Standards: The Thomson Reuters Trust Principles.
NEW YORK, Nov 30 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said social media company Twitter should be held to certain standards for content, arguing that it is "not that different" from radio stations and broadcasters subject to such rules. Musk on Monday accused Apple of threatening to block Twitter from its app store and said Apple was pressuring Twitter over content moderation demands. Yellen said she believed it was appropriate for mobile technology giants Apple (AAPL.O) and Google (GOOGL.O) to demand certain content standards. And Twitter's not really that different than other broadcast stations," Yellen said. Asked if it was good that such platforms were overseeing content, Yellen said.
Musk tweeted Wednesday FTX would still be ok if SBF was as good at leadership as at 'bribing media'. He was responding to a tweet which questioned whether SBF will continue to fund certain media outlets. Musk has been hitting out at the media after reports surfaced SBF may still own a stake in Twitter — which Musk robustly denied. He seemed to be referring to FTX investing in media outlets during the three years that Bankman-Fried, or SBF, was CEO. SBF/FTX do not own shares in Twitter," Musk tweeted Wednesday.
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