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Ex-crypto mogul Sam Bankman-Fried out on $250m bail after extradition from Bahamas

FTX founder must remain under strict supervision at parents’ California home, judge says The fallen crypto billionaire Sam Bankman-Fried was freed on $250m bail on Thursday, a day after agreeing to be extradited from the Bahamas. The 30-year-old faces eight charges connected to his role in the collapse of the crypto exchange FTX, which carry …

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Elon Musk says he will not sell more Tesla stock for about two years

Chief executive’s comments come amid concerns over softening demand for electric cars The Tesla chief executive, Elon Musk, has said he will not sell any more of the electric car company’s stock for about two years. While speaking in a Twitter Spaces audio chat on Thursday, Musk said he foresees the economy will be in …

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TikTok’s parent company fires four workers for improper access of user data

ByteDance said four employees were fired for examining data of two journalists in attempt to find leak source ByteDance, the Chinese parent company of popular video app TikTok, said on Thursday that some employees improperly accessed TikTok user data of two journalists and were no longer employed by the company, an email seen by Reuters …

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Tesla behind eight-vehicle crash was in ‘full self-driving’ mode, says driver

San Francisco crash is the latest in a series of accidents blamed on Tesla technology, which is facing regulatory scrutiny The driver of a 2021 Tesla Model S told California authorities the vehicle was in “full self-driving mode” when the technology malfunctioned, causing an eight-vehicle crash on the San Francisco Bay bridge last month. The …

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Dream jobs brought them to Silicon Valley. Now they’re laid off and in an ‘impossible’ situation

Layoffs have made a precarious situation for noncitizens even worse, forcing them to play a game of chance to stay in the US Less than a year ago, K was working with a US-based team at Amazon from one of the e-commerce giant’s many international outposts in east Asia. While the distance between himself and …

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Twitter’s CEO post is a non-job if Elon Musk can’t vacate it | Nils Pratley

Tesla shareholders hoping for the full attention of their distracted CEO are likely to be disappointed Management by Twitter poll is such a silly idea that it remains hard to believe Elon Musk was being sincere when he invited the site’s users to determine if he should continue as chief executive. One suspects he had …

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Two associates of Sam Bankman-Fried plead guilty to fraud charges in FTX fall

Carolyn Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX, pleaded guilty to criminal fraud charges A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange FTX. Carolyn Ellison, the former CEO of Alameda Research, a trading firm started …

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