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Search resuls for: "Cash App"


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☆ Block investors may seek clarity on Cash App after Hindenburg report
  + stars: | 2023-05-03 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com   time to read: +3 min
May 3 (Reuters) - Jack Dorsey-led Block Inc's (SQ.N) first-quarter results will likely see investors zoom in on the payments firm's Cash App business following U.S. short-seller Hindenburg Research's allegations including inflated user count. Morgan Stanley analysts in April said that some bearish investors remain uncertain about the amount of gross profit that is generated by "potential illicit activity" on the Cash App platform. "Eventually, bears suspect a meaningful amount of gross profit might come under pressure if regulators crack down on Cash App, and also think this makes it hard to accept that Cash App can be a legitimate, trusted bank in the long-term," they added. Block has touted Cash App as an alternative to traditional banking services. Cash App reported 51 million monthly active customers as of Dec. 31, of which 44 million were verified.
☆ The short seller that took on Asia's richest man has a new target: Wall Street legend Carl Icahn
  + stars: | 2023-05-02 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +3 min
Hindenburg Research unveiled its short position against Carl Icahn's holding company on Tuesday. The short seller has also targeted Adani Group and payments company Block this year. Hindenburg Research, which earlier this year released a scathing report on Indian conglomerate Adani Group, unveiled its short position against Icahn Enterprises on Tuesday. Shares of Icahn Enterprises plunged nearly 20% shortly after the opening bell, trading at $41.49 at 10:05 a.m. Icahn Enterprises did not immediately respond to Insider's request for comment.
☆ 10 in-demand work-from-anywhere jobs companies are hiring for now—many pay over $100K
  + stars: | 2023-04-27 | by ( Morgan Smith | ) www.cnbc.com   time to read: +4 min
While the concept of working wherever you want might sound too good to be true, with the right remote job, that dream can become a reality. In a work-from-anywhere job, employees work "100% remotely, are independent of location and, in many cases, are also independent of a specific time zone," says Toni Frana, a lead career expert at FlexJobs. Most remote jobs have geographic requirements, whether it's a specific country, state or city, mainly due to state and federal regulations that dictate where companies can hire people and do business. FlexJobs also identified the 10 most in-demand work-from-anywhere jobs companies are hiring for right now by analyzing its database for the roles that had the highest volume of work-from-anywhere listings between January and April 2023. These two skills, along with time management and communication, are some of the most important qualifications companies are looking for in work-from-anywhere job candidates.
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☆ Bob Lee: Man accused of killing Cash App intends to plead not guilty next week
  + stars: | 2023-04-25 | by ( Veronica Miracle Cheri Mossburg Phil Gast | Veronica Miracle | Cheri Mossburg | ) edition.cnn.com   time to read: +8 min
CNN —Nima Momeni, the man accused of killing Cash App founder Bob Lee in San Francisco, intends to plead not guilty next week, his attorney said. “We believe that we have sufficient evidence to prove beyond a reasonable doubt that Mr. Momeni murdered Bob Lee,” Jenkins said. Alleged conversations between Lee and MomeniBob Lee cofounded the mobile payment service provider Cash App. Lee had told Momeni nothing inappropriate happened, according to the document. “Momeni forcefully grabbed her right upper arm and her right side waist area,” Officer Johnson wrote in the report, according to the Chronicle.
☆ Bob Lee: Suspect accused of killing CashApp founder had been cited in 2022 domestic battery incident but never charged, San Francisco Chronicle reports
  + stars: | 2023-04-21 | by ( Taylor Romine | ) edition.cnn.com   time to read: +1 min
CNN —The suspect accused of killing CashApp founder Bob Lee was cited last year by police for misdemeanor battery, the San Francisco Chronicle reported exclusively Thursday. Lee, who cofounded the mobile payment service provider Cash App, was stabbed to death in the Rincon Hill neighborhood of San Francisco early in the morning of April 4. Momeni was taken to the San Francisco County jail last week, where he was booked on one charge of murder. Dispatch records show she told police Momeni “grabbed her arm & pulled it, pushed her physically,” the paper reported. Police officers “indicated they cited and released Momeni on suspicion of battery almost an hour after the call came in,” the Chronicle said.
☆ Nima Momeni was cited with assault against a woman less than a year before he was arrested and charged in the fatal stabbing of Cash App founder Bob Lee
  + stars: | 2023-04-21 | by ( Lloyd Lee | Katherine Long | ) www.businessinsider.com   time to read: +2 min
Nima Momeni faces a murder charge in connection to Cash App founder Bob Lee's death. Less than a year before, he was cited for simple assault of a woman, records show. Momeni had a few prior run-ins with police, including for driving with a suspended license and a DUI. Nima Momeni, 38, the tech consultant who was arrested on a murder charge in the stabbing of Cash App creator Bob Lee, was previously cited on suspicion of assault and battery, according to police records obtained by Insider. Records state that Momeni was subsequently cited and released on PC 242, the California penal code for assault and battery.
☆ Bob Lee killing suspect Nima Momeni is being monitored while in jail, but suspect's lawyer says calling it 'suicide watch' is 'dramatic'
  + stars: | 2023-04-19 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
Nima Momeni is in jail on a murder charge in the stabbing of Cash App founder Bob Lee. His lawyer told Insider that Momeni was placed "in a safety protocol." Wu did not immediately respond to a follow-up inquiry on the circumstances that might have placed Momeni under watch. Lee was fatally stabbed on San Francisco street in the early morning of April 4. Prior to the stabbing, Lee was staying at 1 Hotel San Francisco, just a few blocks from Khazar's apartment.
☆ Humans have to get in the way of AI to make it more responsible
  + stars: | 2023-04-17 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
Humans are key to responsible AI. Calls to pause AI development centered around the need to make sure we were building responsible AI. But some Big Tech companies laid off responsible AI employees as part of the great cost-cutting sweeping the industry, possibly undermining the greatest tool against unfettered, unchecked AI. Those moves come right as society has come to understand what can happen if AI escapes its guardrails, making AI ethics more important than ever. Here's why humans will help bring responsible AI to fruition.
☆ Man Arrested in Cash App Founder Bob Lee’s Fatal Stabbing Set to Appear in Court
  + stars: | 2023-04-14 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
The man arrested in connection with the fatal stabbing in San Francisco of Cash App founder Bob Lee is expected to appear in court on Friday. Nima Momeni , 38, was arrested Thursday morning and booked on a murder charge, according to San Francisco police.
☆ Cash App Founder Bob Lee’s Killing Followed Visit With Accused Killer’s Sister, Prosecutors Say
  + stars: | 2023-04-14 | by ( Zusha Elinson | Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/man-arrested-in-cash-app-founder-bob-lees-fatal-stabbing-set-to-appear-in-court-5d205776
☆ Bob Lee's final hours involved a concerned text from suspect's sister and an argument with suspect, court documents show
  + stars: | 2023-04-14 | by ( Azmi Haroun | ) www.businessinsider.com   time to read: +2 min
According to court records, Lee and the suspect argued about the suspect's sister. Lee had been out with the suspect's sister the night prior to the stabbing, per the report. Momeni and Lee had a disagreement about Momeni's sister, and his sister texted Lee the night prior to the stabbing, after they had hung out with a group. "Just wanted to make sure your doing ok Cause [I] know nima came wayyyyyy down hard on you," Momeni's sister wrote to Lee after the argument happened, according to the documents. "Thank you for being such a classy man handling it with class," she texted Lee.
☆ California prosecutors suggest Cash App founder was slain in dispute over suspect's sister
  + stars: | 2023-04-14 | by ( Dan Whitcomb | ) www.reuters.com   time to read: +3 min
[1/3] Nima Momeni, the 38-year-old founder of software company Expand IT, appears before Judge Christine Van Aken, accused of the stabbing murder of Cash App founder Bob Lee in a courtroom sketch in San Francisco, California, U.S. April 14, 2023. REUTERS/Vicki BehringerApril 14 (Reuters) - The tech executive charged with stabbing Cash App founder Bob Lee to death in San Francisco confronted him earlier in the evening about his ties to the suspect's younger sister, prosecutors said on Friday in court documents that outlined a possible motive. Momeni, founder of the Bay Area software company Expand IT, briefly appeared in a San Francisco courtroom on Friday, where a judge postponed his arraignment until April 25. The sister and her husband both attended Momeni's court hearing on Friday. Block Inc-owned (SQ.N) Cash App allows users to transfer money through a mobile application, which the company touts as an alternative to traditional banking services.
☆ Family of Cash App founder Bob Lee thanks police ‘for bringing his killer to justice’
  + stars: | 2023-04-14 | by ( Rebekah Riess | ) edition.cnn.com   time to read: +1 min
CNN —The family of murdered Cash App founder Bob Lee issued a statement Thursday thanking the San Francisco Police Department “for bringing his killer to Justice” after the arrest of Nima Momeni. Law enforcement described Momeni as a 38-year-old man from Emeryville, California and said Momeni and Lee knew one another, but didn’t provide further details about their connection. Lee was stabbed to death in the Rincon Hill neighborhood of San Francisco early in the morning of April 4th. “Every day around the world, people interact with technology that Bob helped create. Bob will live on through these interactions and his dreams of improving all of our lives,” the statement reads.
☆ Cash App founder Bob Lee was stabbed to death after argument about the suspect's sister, court documents show
  + stars: | 2023-04-14 | by ( Daniel Arkin | ) www.cnbc.com   time to read: +3 min
Flowers and cards left as people paying tribute to Bob Lee near the Portside apartment building in San Francisco, California, on April 7, 2023. Cash App founder Bob Lee was fatally stabbed by an IT consultant near downtown San Francisco after the two men got into an argument over the suspect's sister, according to court documents obtained by NBC News on Friday. In the wake of the dispute, Momeni's sister sent a text to Lee, the documents show. The witness saw Momeni asking Lee whether Momeni's sister had been "doing drugs or anything inappropriate" earlier that day. Additional footage obtained by police shows the BMW heading to a "dark and secluded area" near downtown San Francisco.
☆ Tech consultant Nima Momeni's attorney is on vacation, delaying a court date in the case of Bob Lee's killing
  + stars: | 2023-04-14 | by ( Lloyd Lee | Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Momeni's lawyer, Paula Canny, is on vacation, Canny's brother and fellow attorney told the court. The arraignment was posposted to April 25 after a brief hearing in San Francisco state court. That's because Momeni's attorney, Paula Canny, is on vacation, her brother and fellow attorney Robert Canny told the court. A representative for the San Francisco District Attorney's office did not respond to emailed requests for comment on Friday. The 38-year-old Momeni was arrested in Emeryville, California, the San Francisco police department said at a press conference on Thursday.
☆ Why banning TikTok could be a bad idea
  + stars: | 2023-04-14 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
Download Insider's app here. Screenshots from Lemon8 app, Ese Nuesiri / Shantania Beckford1. The rise of Lemon8 proves how pointless a TikTok ban would be. The US government wants to ban TikTok, but its parent company ByteDance is coming out with a new app aimed at the US market. Paayal writes that even if the US banned TikTok, Lemon8 would still exist.
☆ The tech consultant charged with murdering Bob Lee listed UC Berkeley as one of his schools. The university says it doesn't have a record of him.
  + stars: | 2023-04-14 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +2 min
But there's no record of him going there, a representative for the school told Insider. Momeni was arrested on Thursday over the murder of Cash App founder Bob Lee in San Francisco. But a representative for UC Berkeley told Insider that they couldn't find records that a Nima Momeni went to the elite institution. "We do not have a match for that name, meaning no record of graduation or attendance," the representative told Insider. Momeni also started the IT consulting company Expand IT, according to the San Francisco Chronicle.
☆ Tech Executive Was Left to ‘Slowly Die’ After Stabbing, Prosecutors Say
  + stars: | 2023-04-14 | by ( Sharon Lafraniere | ) www.nytimes.com   time to read: +1 min
The man accused of killing the tech executive Bob Lee on a secluded San Francisco street this month stabbed him three times with a kitchen knife, prosecutors said in court documents released on Friday. The accused assailant, Nima Momeni, 38, had argued with Mr. Lee about whether anything “inappropriate” had happened between Mr. Lee, 43, and Mr. Momeni’s younger sister, prosecutors said, describing details of the police investigation in a motion to hold Mr. Momeni without bail. During a brief court hearing on Friday morning, Mr. Momeni’s arraignment was put off until later this month. Prosecutors said that Mr. Momeni, a tech consultant and entrepreneur, stabbed Mr. Lee, who was instrumental in creating the mobile payment service Cash App, on April 4 with the four-inch blade of a kitchen knife, including once through the heart. He then threw the knife in a parking lot and raced away, leaving Mr. Lee, 43, “to slowly die,” the motion states.
☆ Everything you need to know as JPMorgan, Citi, Goldman Sachs, and other big banks report earnings
  + stars: | 2023-04-14 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
Bank of America and Goldman Sachs come in on Tuesday, with Morgan Stanley bringing up the rear on Wednesday. For a breakdown on the specific numbers, check out Markets Insider and the fantastic 10 Things Before the Opening Bell newsletter. Big banks poured $30 billion into First Republic in the midst of the banking crisis in an effort to shore up the wider market. And what about those pesky shadow banks? Never one to miss a good opportunity, shadow lenders are looking to step up where big banks are stepping back, Bloomberg reported.
☆ Suspect Arrested in Fatal Stabbing of Cash App Founder Bob Lee
  + stars: | 2023-04-13 | by ( Alyssa Lukpat In New York | Zusha Elinson In San Francisco | Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
Bob Lee, Cash App founder and chief product officer at crypto company MobileCoin, was fatally stabbed in San Francisco in early April. A suspect was arrested in connection with the fatal stabbing in San Francisco of Cash App founder Bob Lee, police said, more than a week after the tech executive’s death shocked Silicon Valley. Nima Momeni , 38, was arrested by San Francisco police Thursday morning and booked on a murder charge, said Bill Scott , the San Francisco police chief.
☆ What we know about Nima Momeni, the tech consultant charged with murder in the stabbing of Cash App creator Bob Lee
  + stars: | 2023-04-13 | by ( Grace Kay | Azmi Haroun | Katherine Long | ) www.businessinsider.com   time to read: +4 min
San Francisco police arrested Nima Momeni on Thursday and charged him in the murder of Bob Lee. San Francisco police arrested a tech consultant named Nima Momeni on Thursday on a murder charge in the fatal stabbing of Cash App creator Bob Lee. Friends and acquaintances 'can't imagine it'Alex Pourshayegan, who has known Momeni since he was a teenager working in Pourshayegan's window and glass store, told Insider Momeni is a "very likeable kind of guy." Two people who hired Momeni as an IT vendor told Insider that he was competent, professional and unassuming. San Francisco District Attorney Brooke Jenkins said her office is planning to file a motion to detain the suspect without bail.
☆ Arrest made in stabbing death of Cash App founder Bob Lee, men reportedly knew each other
  + stars: | 2023-04-13 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +2 min
San Francisco supervisor Aaron Peskin tells CNBC that an arrest has been made in the April 4 fatal stabbing of Cash App founder Bob Lee. Earlier on Thursday, local San Francisco news outlet Mission Local reported that police went to Emeryville, California, with a warrant to arrest a suspect in the case. He is a tech entepreneur in the Bay Area, according to his LinkedIn profile and reports. San Francisco police officers found Lee, 43, with stab wounds at 2:35 AM in a deserted part of downtown San Francisco. — NBC Bay Area contributed reporting to this article.
☆ A man who may have known Cash App creator Bob Lee has been arrested in connection to the fatal stabbing, per reports
  + stars: | 2023-04-13 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
The San Francisco Police Department arrested a man in its investigation into Bob Lee's death, per ABC7 News and Mission Local. The man appears to have known the Cash App creator, both publications reported. Lee was fatally stabbed on April 4 in downtown San Francisco. Matt Dorsey, a member of the San Francisco Board of Supervisors confirmed the report on Twitter. Lee's former wife, Krista Lee, told KTVU Fox 2 that she believes the man who was arrested was an acquaintance of Lee's.
☆ Police make an arrest in connection to the murder of Cash App founder Bob Lee
  + stars: | 2023-04-13 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPolice make an arrest in connection to the murder of Cash App founder Bob LeeCNBC's MacKenzie Sigalos joins 'Power Lunch' to discuss the latest updates in the murder case of Cash App founder Bob Lee.
☆ San Francisco's DA called out Elon Musk for his 'reckless and irresponsible' tweet about Bob Lee's death
  + stars: | 2023-04-13 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com   time to read: +3 min
San Francisco's DA is calling out Elon Musk for a tweet he made about Bob Lee's death. San Francisco's district attorney says Elon Musk made a "reckless and irresponsible" statement over the recent death of tech executive Bob Lee. She also addressed a tweet from Elon Musk over Lee's death. Many people I know have been severely assaulted," Musk had tweeted about Lee's death last week. Jack Dorsey, who cofounded Twitter, said Lee's death was "heartbreaking."
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