The CEO and co-founder of Three Arrows Capital, a crypto-focused hedge fund, wrote that the firm is “fully committed to working this out” in a vague tweet amid reports and social media chatter that the firm is struggling as crypto prices drop. Zhu Su posted the tweet on Tuesday and said the firm is “in the process of communicating with relevant parties,” but gave no context as to what...
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Meta Rehires Partnerships Executive After Vowing to Shrink Management

Meta Platforms CEO Mark Zuckerberg’ effort to cut back on middle managers isn’t stopping the company hiring more middle managers. Meta has re-hired a veteran manager, Nick Grudin, to oversee its relationships with media companies and other creators, just seven months after Grudin quit to join Dapper Labs, an NFT startup. Grudin will resume his old job, reporting to his previous boss...
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