Federal prosecutors have updated their charges against former FTX CEO Sam Bankman-Fried, adding four additional counts that include securities fraud, conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transmitter business. The new charges, disclosed in a superseding indictment filed in court Thursday, add to existing fraud and money laundering charges against...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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