Foxconn, the Taiwanese supplier that assembles most of Apple’s iPhones, said it may take as much as two weeks to resume full production after its factories reopen on Feb. 10, Reuters reported, citing a person familiar with the matter. Separately, Bloomberg reported that Foxconn will quarantine employees returning from the Lunar New Year holiday for up to two weeks. Foxconn’s factories, most...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service—announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including...
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