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AWS, Margaritaville Among Top Alameda Creditors

FTX’s trading arm, Alameda Research, left behind a pile of bills for cloud services, Bloomberg terminals, lawyers—and a tab at a Margaritaville resort in the Bahamas. Amazon Web Services is Alameda’s top creditor, with an unsecured claim of $4.6 million, court filings in FTX’s bankruptcy case revealed on Monday. Other top creditors of Alameda include London-based law firm Herbert Smith...

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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Stripe CEO Patrick Collison. Photo: Bloomberg.
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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TikTok CEO To Testify Before Congress
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
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Patreon CEO Jack Conte. Art by Mike Sullivan
Exclusive startups entertainment
At Patreon, Mismanagement Thwarts a Pandemic-Era Star
Two years ago, Jack Conte seemed to have pulled off one of the most remarkable makeovers in recent Silicon Valley memory.
CEO Maju Kuruvilla. Photo: Getty Images
Exclusive startups venture capital
Bolt CEO Cuts Staff a Third Time as Revenue Lags
Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals , laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge.
Photo via Shutterstock.
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Microsoft Plans Security Features, Wider Release for Its OpenAI-Powered Coding Tool
ChatGPT has generated headlines and hype since its release last year, with its humanlike responses to written prompts.
Jonathan Kanter, assistant attorney general of antitrust for the US Department of Justice, speaks during a news conference on January 24. Photo by Bloomberg.
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DOJ’s Latest Case Against Google Is Intricate But Important
Over my career as a tech reporter, regulators have sued or threatened to sue Google for exerting monopoly power in its ads business so many times it’s hard to keep track.
Left photo by Getty Images. Right photo by Bloomberg.
The Briefing markets facebook
Trump’s Meta Return; Massage Therapists, Matthew McConaughey and Elon Musk
So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.
Jack Conte. Photo: Bloomberg
Creator Economy
Where Patreon Goes From Here
Patreon , a nearly 10-year-old startup, became a pandemic success story when lockdowns left artists dependent on online sources for income.