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FTX Bankman-Fried now “living on credit cards”

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1 million creditors

Sam Bankman-Fried, the former boss of collapsed cryptocurrency exchange FTX, has denied committing fraud.

In a series of interviews to news agencies including the New York Times, ABC America and CNBC, the man once hailed as the ‘King of Crypto’ says he had a bad month and is almost broke.

FTX fell apart last month, having once been valued at $32bn.

Many investors have not been able to withdraw their funds from the now-bankrupt global exchange.

30-year-old Bankman-Fried has apologised to investors.

He denied having moved any personal money out of FTX himself – saying he now has “close to nothing.”

Speaking from The Bahamas, he said he had one credit card left.

In the interview, he said he had not deliberately misled investors.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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