The Securities and Exchange Commission is probing FTX’s venture investors for details on their due diligence, Reuters reported Friday. The agency is focusing on details about what policies and procedures venture firms had in place when they chose to invest in FTX, said the report, which cited two people familiar with the probes. VC firms invested nearly $2 billion in the former crypto...
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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators

Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
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