Robinhood Markets , that revolutionized the online brokerage industry may be in play now that cryptocurrency exchange FTX’s interest has been made public. This could spur other potential bidders on Robinhood to one of the most anticipated deals of the year. Sam Bankman-Fried, founder and CEO of FTX, said Monday that he is excited about … Read more
Companies in various industries are revoking job offers they made just months ago in a sign that the tightest job market in decades is cracking. Companies like Twitter Inc. Real Estate Brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have withdrawn offers in recent weeks. Employers in other sectors of the economy are also … Read more
The recent impotence of the cryptocurrency market teaches investors a painful lesson about the risks of trading digital tokens through intermediaries. A bankruptcy restructuring would be breaking new ground for crypto investors. “What can be predicted with certainty is that there will be litigation and delays,” said Adam Levitin, a Georgetown University law professor who … Read more
The great resignation turns into a forced resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring numbers, underscore the abrupt change in wealth in recent months on the back of rampant inflation, fears of stagflation and recession, supply chain disruptions, war in Ukraine, an ailing stock market, … Read more
The great resignation turns into a forced resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring numbers, underscore the abrupt change in wealth in recent months on the back of rampant inflation, fears of stagflation and recession, supply chain disruptions, war in Ukraine, an ailing stock market, … Read more
This article has been updated to correct the identification of Citadel Securities. Hi! Welcome back to Distributed Ledger, our weekly crypto newsletter, hitting your inbox every Thursday. I’m writing this in the heat of Austin, TX where Consensus, a multi-day crypto conference, kicked off today. As usual, you can find me on Twitter at @FrancesYue_ … Read more
When Hao Jia received an email from Coinbase that his job offer had been withdrawn, he was on his way to watch the blockbuster film starring Tom Cruise, Top Gun: Maverick. Jia’s friend asked him to see the film for her because she was in China, where the film has not yet been released, and … Read more