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A new bankruptcy filing, first reported by CNBC , shows that FTX’s corporate funds were used to purchase homes in the Bahamas among other personal items. News reports that FTX was mishandling funds and under investigation soon bloomed into the company filing for bankruptcy. FTX’s new CEO, Enron wind-down veteran John J.
The company just demonstrated a two-way data link this week and announced its first network partners in Africa and the Bahamas — if everything goes well it may not be long before you can get a signal anywhere in the world. Not a lot of data, of course — but more than enough for an SMS, a GPS location, a weather report, or the like.
But unlike the Fest itself, the tweeted photo of the limp cheese slice on wheat bread with some greens and a sad tomato in a styrofoam container isn’t a grift; as first reported by Axios , DeHaas is hoping to raise $80,000 which he plans to put toward his medical bills. Update April 8th, 1:02PM ET: Added comment from Trevor DeHaas.
During the interview, SBF, while sipping (and at least once, spilling) a La Croix in the Bahamas, claimed multiple times that he did not know how certain aspects of the business, from its ties to its eventual bankruptcy, went so wrong. It’s still not clear if those people will see their money again. at will. .”
Lilium says it will construct a $25 million “vertiport” in Lake Nona, a planned community of about 65,000 people within the Orlando city limits. It will work with the primary real estate developer in the area, Bahamas-based Tavistock Development Company, on the development and construction of the vertiport.
WiR should leave you with a pretty good idea of what people were reading/talking/tweeting about. Then a bunch of tech reporters all got suspended , at least some of whom had been tweeting about the jet tracker ordeal. Been too busy to read tech news? Want it in your inbox every Saturday AM? Here’s the link. Me neither.
The organizers of Fyre Festival — think: The Hunger Games, but for influencers — have agreed to a settlement with 277 attendees for $7,220 apiece, The New York Times reports. He was also ordered to pay $5 million to two people who paid $13,000 each for VIP packages (did the sandwiches come with extra cheese slices?).
At least 30 employees across various departments were let go, while those who were left at the company had their salaries slashed by as much as 40%, according to people familiar with the matter. Chipper Cash wasn’t exposed either, according to two people familiar with the company’s dealings with FTX. I never knew it could happen to me.
In our eighth annual research report, Measuring the State of Disaster Philanthropy 2021: Data to Drive Decisions , developed in partnership with Candid , we dive into how philanthropy and other donors supported natural hazards, severe weather events and complex humanitarian emergencies in 2019. . 18 at 2 p.m.
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. FTX founder Sam Bankman-Fried has been arrested in the Bahamas. To get this in your inbox, subscribe here. May the earnest among us rise up: Techies, it’s prediction season. Seen on TechCrunch.
Air-conditioning will be a literal life-saver, and the number of people with air-conditioning will increase dramatically. In India, the most populated country in the world, some 600 million people will feel unprecedented heat outside this niche. For context, in the early 2000s New York averaged less than one heat wave annually.
The story opens detailing how GSD provided disaster relief in the form of medical care and road-clearing crews after Hurricane Dorian hit the Bahamas last year. About half of the people working for GSD have military backgrounds. They can arrive in complex situations with little understanding of the local context.
Several people who witnessed the event posted videos of the Ship's debris streaking across the sky. " It also told TechCrunch that it's requiring SpaceX to conduct a "mishap investigation" to determine the cause of the failure, so we'll likely get a more detailed report from the company in the future.
Spacecraft debris rained down over Turks and Caicos, resulting in one report of property damage. Shortly after, people began taking and posting pictures and videos online of debris raining over the Bahamas, and flights were temporarily grounded in Florida to avoid the wreckage. minutes after launch. billion contract.
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