Twitter recently held talks to acquire the audio social app Clubhouse for about $4 billion, according to Bloomberg . The report notes that talks aren’t currently happening but that the two companies discussed a deal in “recent months.” While it’s unclear why the talks stopped, they explain an earlier report from Bloomberg that Clubhouse is now seeking to raise money at a $4 billion...
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Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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