Crypto exchange FTX has “a few billion” to support the industry – Bankman-Fried

Breadcrumb Trail Links PMN technology PMN business Author of the article: Reuters John McCrank and Megan Davies content of the article Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have “a few billion” on hand to prop up struggling companies that could further destabilize the digital … Read more

The personal information of nearly a billion people in China has been leaked, and it has been online for more than a year

The leak could be one of the largest ever recorded in history, cybersecurity experts say, highlighting the risks associated with collecting and storing large amounts of sensitive personal data online — especially in a country where government agencies are ramping up and have uncontrolled access to such data. The vast trove of Chinese personal data … Read more

China’s self-proclaimed Warren Buffett is plagued by Fosun’s $40 billion debt

Chinese billionaire Guo Guangchang, whose global empire includes the French resort group Club Med, Portugal’s largest bank and English football club Wolverhampton Wanderers, was among the last survivors. A decade ago, Guos Fosun, along with conglomerates HNA, Dalian Wanda, CEFC and Anbang, spurred an explosion in Chinese offshore investment, but most were rolled back after … Read more

Zendesk sold to private equity group TechCrunch for $10.2 billion

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox each day at 3pm PDT, Subscribe here. Hey folks and welcome to Friday’s Daily Crunch. As you may have seen, the Supreme Court made a key decision on abortion today, effectively effectively Roe v. Wade overthrown by declaring that the … Read more

Mark Zuckerberg imagines a billion people in the metaverse spending hundreds of dollars each

Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the Metaverse could be a sizeable part of the social network operator’s business in the second half of the decade. “We’re hoping to reach basically around a billion people in the metaverse, doing hundreds of dollars in businesses, each of which is buying … Read more

Mark Zuckerberg showed off these prototype headsets to get support for his $10 billion metaverse bet

Formerly known as Facebook, the company is set to spend $10 billion this year on research and development in virtual reality and augmented reality technologies, including automated glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed how much progress the social media company has made toward that goal by revealing many of the unfinished … Read more

Mark Zuckerberg showed off these prototype headsets to get support for his $10 billion metaverse bet

The company, formerly known as Facebook, said in February it expects to spend at least $10 billion this year on research and development in virtual reality and augmented reality technologies, including automated glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed how much progress the social media company has made toward that goal by … Read more