Morning Tidings

Tag: executives

  • Former Executives of Bankrupt Crypto Exchange ‘FTX’ Plan To Launch New Dubai-Based Crypto Exchange ‘Trek Labs’, Get License from UAE’s Crypto Regulator

    Former Executives of Bankrupt Crypto Exchange ‘FTX’ Plan To Launch New Dubai-Based Crypto Exchange ‘Trek Labs’, Get License from UAE’s Crypto Regulator

    San Francisco, November 13: As Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, awaits ruling in an ongoing trial, a group of former FTX executives, including one who served as a key witness against Bankman-Fried, are reportedly plan to launch a new cryptocurrency exchange. Ex-FTX general counsel Can Sun and other former company executives aims to solve the problems that doomed their previous employer with the new cryptocurrency exchange, reports The Wall Street Journal.

    Trek Labs, a Dubai-based startup led by Sun, has received a license from the UAE’s crypto regulator. The crypto venture is aiming to sell a 10 per cent stake to investors at a valuation of over $100 million, the report mentioned. Ex-FTX employee Armani Ferrante is chief executive of Trek’s holding company in the British Virgin Islands. Sun’s former legal deputy, who is also Ferrante’s wife, is on Trek’s executive team. iPad 2024: Apple To Upgrade Its Entire iPad Models in 2024 and Add Larger 12.9-inch iPad Air With 10.9-inch Model, Says Leading Analyst.

    “In a post-FTX world, you need trust and transparency to create a true alternative to the other players,” Sun was quoted as saying. They have hired other former FTX legal and compliance employees at Trek. “Backpack Exchange, the name under which Trek Labs will do business, will use Backpack’s technology to allow users to hold funds in their own ‘self-custody crypto wallets that the exchange itself wouldn’t be able to unilaterally access,” according to the Trek team. Meanwhile, Bankman-Fried was found guilty on all seven counts related to fraud and money laundering earlier this month.

    The US Attorney’s office at the Southern District of New York said in a statement that Bankman-Fried perpetrated one of the biggest financial frauds in American history — a multibillion-dollar scheme designed to make him the ‘King of Crypto’. A New York jury found Bankman-Fried (31) guilty of two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering, each of which carries a maximum sentence of 20 years in prison. Mobile Operators Likely To Invest USD 30 Billion in ‘Open Radio Access Networks’ Globally by 2030: Report.

    He was also convicted of conspiracy to commit commodities fraud and conspiracy to commit securities fraud, each of which carries a maximum sentence of five years in prison. Bankman-Fried is set to be sentenced by Judge Lewis Kaplan on March 28 next year and faces decades in prison.

    (The above story first appeared on Morning Tidings on Nov 13, 2023 02:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Twitter Files: Elon Musk Reveales Top Executives Interfered With US Presidential Election Before Banning Donald Trump

    Twitter Files: Elon Musk Reveales Top Executives Interfered With US Presidential Election Before Banning Donald Trump

    San Francisco, December 10: Elon Musk on Saturday revealed the third season of ‘Twitter Files,’ which claimed that top Twitter executives suppressed and censored former US President Donald Trump in the days before the 2020 election, finally deplatforming him on January 8, 2021 — two days after the storming of the Capitol Hill that left five dead.

    Independent journalist and author Matt Taibbi shared the ‘Twitter Files Part 3’, saying there were erosion of standards within the company in months before January 6, “decisions by high-ranking executives to violate their own policies, and more, against the backdrop of ongoing, documented interaction with federal agencies”. Twitter Files Part 3: Elon Musk Reveals What Led To Removal of Donald Trump From Microblogging Site After January 6 US Capitol Riot.

    Check Tweet by Elon Musk:

    Musk replied to him, saying “election interference by social media companies obviously undermines the public’s faith in democracy and is wrong”. “Unequivocally true. The evidence is clear and voluminous,” he added. According to Taibbi, Twitter executives removed Trump in part over what one executive called the “context surrounding”: actions by Trump and supporters “over the course of the election and frankly last 4+ years”.

    “The bulk of the internal debate leading to Trump’s ban took place in those three January days (January 6-8). However, the intellectual framework was laid in the months preceding the Capitol riots,” he mentioned in his Twitter thread. Twitter Files: ‘Just Release Everything and Let People Judge’, Says Jack Dorsey; Elon Musk Hints at Episode 2 Coming Soon.

    Taibbi said that as the election approached, “senior executives — perhaps under pressure from federal agencies, with whom they met more as time progressed — increasingly struggled with rules, and began to speak of ‘vios’ as pretexts to do what they’d likely have done anyway”. The reports, said the Twitter Files, are based on searches for docs linked to prominent executives, whose names are already public.

    “They include Roth, former trust and policy chief Vijaya Gadde, and recently plank-walked Deputy General Counsel (and former top FBI lawyer) Jim Baker,” claimed Taibbi. The latest Twitter Files claimed that Twitter executives “were also clearly liaising with federal enforcement and intelligence agencies about moderation of election-related content”.

    As soon as “they finished banning Trump”, Twitter executives started processing new power. “They prepared to ban future presidents and White Houses — perhaps even Joe Biden. The anew administration, says one exec, ill not be suspended by Twitter unless absolutely necessary,” he said in a Twitter thread. Musk has reinstated Trump on Twitter. However, he has not posted any tweets yet.

    (The above story first appeared on Morning Tidings on Dec 10, 2022 12:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Elon Musk Says Twitter Hit ‘All-time High’ of Active Users Today Amid Resignation Spree by Top Executives

    Elon Musk Says Twitter Hit ‘All-time High’ of Active Users Today Amid Resignation Spree by Top Executives

    Elon Musk today said that Twitter’s daily user growth has hit an “all-time high” as several advertisers leave the platform amid internal chaos. Senior executives resigned from the company as the chaos refuses to stop. The news comes at a time Musk is facing an uphill battle to persuade large brands such as Mondelez, Carlsberg, United Airlines, General Motors, Volkswagen and General Mills to resume advertising on social media app. Elon Musk Warns Twitter Bankruptcy Possible As Top Executives Quit

    Check Tweet:

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Twitter Loses Two More Top Executives After Elon Musk’s Takeover; Trust and Safety Head Yoel Roth, Head of Sales Robin Wheeler Resign

    Twitter Loses Two More Top Executives After Elon Musk’s Takeover; Trust and Safety Head Yoel Roth, Head of Sales Robin Wheeler Resign

    Twitter’s Head of Trust and Safety Yoel Roth quit the company Thursday just two weeks after Elon Musk’s takeover. Robin Wheeler, who was elevated to lead Twitter’s marketing and sales teams, has also reportedly left the company as departures continue to deepen the company’s ongoing crisis.Twitter Accounts Engaged in Impersonation Should Declare ‘Parody’ in Their Name Not Just in Bio, Says Elon Musk

    Check Tweet:

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Elon Musk Warns Twitter Bankruptcy Possible As Top Executives Quit

    Elon Musk Warns Twitter Bankruptcy Possible As Top Executives Quit

    Elon Musk on Thursday raised the possibility of the social media platform going bankrupt amid the departures of more senior executives. Two executives, Yoel Roth and Robin Wheeler, who moderated a Twitter Spaces chat with Musk on Wednesday as he tried to assuage advertisers’ concerns, have resigned, according to Reuters. Musk told Twitter employees on a call that he could not rule out bankruptcy. Twitter Accounts Engaged in Impersonation Should Declare ‘Parody’ in Their Name Not Just in Bio, Says Elon Musk

    Check Tweet:

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • 100 Thieves Layoff: Top Esports Firm Lays Off Dozens of Employees Including Senior Executives

    New Delhi, July 15: 100 Thieves, which is ranked the second-most valuable esports organisation in the world, has laid off several employees across both its social media and content teams in a major shakeup for the esports, media, and apparel company, including senior staff and executives.

    100 Thieves, with a $460 million valuation, reportedly fired senior members of social media and content team, including video editors and executive producers, reports Dexerto.

    Esports social media veteran Blackbeard, previously of OpTic Gaming, was among those laid off. Instagram Rolls Out Subscriber Chats, Exclusive Posts & More for Creators.

    Executive Producer Mike Aransky, formerly of IGN and ESPN fame, was another big name.

    “I do not know how to start this. So today, after almost 4 years of @100Thieves I say good-bye,” Aransky tweeted on Thursday.

    Aransky helped “build the content team from the ground up.”

    Employees hit by the layoffs expressed their gratitude for time spent with 100 Thieves.

    “From being a fan for years to working at the company and meeting amazing people, it’s been an absolute pleasure,” tweeted former editor Alec Daughtry.

    Recently, the leading esports organisation TSM also reportedly laid off more than 20 employees.

    (The above story first appeared on Morning Tidings on Jul 15, 2022 04:53 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Highest-Paid CEOs in World: Elon Musk Tops, Tim Cook Takes Second Spot in List of Top Salaried Chief Executives

    San Francisco, May 29: Tesla and spaceX CEO Elon Musk has topped the list of the most highly compensated CEOs on the Fortune 500 in 2021.

    After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya Nadella).

    In 2021, Musk “realised” compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear “moonshot” grant. Manish Maheshwari Steps Down As CEO And Director Of Invact Metaversity,

    That was — by far — the biggest CEO payday in 2021, according to Fortune.

    Tesla ranked 65 on this year’s Fortune 500. The company had a blockbuster in 2021, bringing in $53.8 billion in revenue, up 71 per cent from 2020.

    Meanwhile, the Apple CEO earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. The tech giant ranks 3 on the Fortune 500. Elon Musk Gains 6 Million Followers Amid $44 Billion Twitter Deal Saga.

    The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house, the report said.

    Hang, the co-founder of NVIDIA, and Reed Hastings of Netflix bagged third and fourth spots, respectively.

    (The above story first appeared on Morning Tidings on May 30, 2022 10:59 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Twitter Fears Risk of Losing Advertisers, Executives Due to Elon Musk Takeover

    San Francisco, May 4: Twitter has acknowledged for the first time that its core advertising business could be at risk amid the $44 billion takeover by Elon Musk, along with losing key staff during the process.

    In a new filing with the US Securities and Exchange Commission (SEC), the micro-blogging platform said it is exposed to new risks related to its “business relationships, financial condition, operating results, cash flows and business,” including “whether advertisers continue their spending on our platform.” Musk’s ‘free speech’ call has left Twitter advertisers worried as this could put their brands next to posts filled with hatred and bias.

    Twitter said in the new US SEC filing that it continues to generate the “substantial majority of our revenue from advertising” and the loss could harm the business, reports TechCrunch. If its reputation among advertisers declined, it may be less competitive, said the company. Twitter’s Edit Button First Glimpse Revealed, Here’s How It Will Work.

    “We believe that our ability to compete effectively for advertiser spend depends upon many factors, including ‘our reputation and the strength of our brand relative to our competitors, including advertisers’ perception of the health and safety of our platform,” Twitter explained.

    There are also fears of mass exodus at Twitter once Musk takes over, as he has lined up new executives to join the platform, including a new CEO. Twitter last month reached out to its advertisers, reassuring them that Musk’s position as a ‘free speech absolutist’ and other threats to drastically rejig the platform won’t put the brands in bad light.

    According to reports Twitter contacted advertising agencies, including campaigners and car manufacturers, to reassure them that Musk’s plans won’t make the platform an inhospitable place for brands. Twitter under Parag Agrawal fears that Musk’s ‘free speech’ agenda can hurt its $4.5 billion a year advertising business. Twitter Bans 2 Right-Wing Accounts as Elon Musk Promotes Free Speech.

    Advertisers are having nightmares as free speech can hamper their prospects on the platform as their brand’s name may appear alongside hate speech and abusive or dangerous content without moderation.

    (The above story first appeared on Morning Tidings on May 04, 2022 11:51 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Boeing, Airbus executives urge US government to delay 5G internet rollout

    Chief Executive of Boeing Dave Calhoun and Airbus CEO Jeffrey Knittel, in a joint letter to Biden Administration, have urged the US government to delay the planned deployment of new 5G wireless services, saying it could harm aviation safety.

    Check It Here:

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Purchased spectrum as needed; Ranked strong to be competitive in the market: VIL executives

    Purchased spectrum as needed; Ranked strong to be competitive in the market: VIL executives

    The official said that the company has enough spectrum to meet the requirement of customers and be competitive in the market.

    Spectrum acquisition in recent auctions to fill some gaps in some sectors has put Vodafone Idea Ltd (VIL) on a “strong foothold” in the market, to ensure that all elements are now offering better services And are ready to make attractive offers to customers, the company’s senior official said.

    Chief Regulatory and Corporate Affairs Officer of VIL, p. Balaji sought to “dispel the myth” that VIL would not have acquired large amounts of spectrum due to financial constraints.

    He insisted that the company only bid for more and more radiation, as it needed to boost its services and coverage. He said that the company has enough spectrum to meet the requirement of customers and be competitive in the market. PTI.

    “So we preferred to buy what we chose, because we had the largest spectrum pool among all private operators … Even now, after the auction, we are not the lowest on spectrum holdings among private operators,” he said. They said.

    The company “stayed true” to its business strategy through the integration process (merger of Vodafone India and Idea Cellular), “third-party verification and confirmation by benchmark” on service quality, and incremental partnership partnerships that bring value to customers is focused. , Mr. Balaji countered.

    “Whether it is capacity, partnership, coverage, customer experience, quality of service – all these elements are in place … We have an attractive offer for customers, and we will have our fair share of the market,” he said. VIL’s spectrum holding is 1,768.60 MHz after auction.

    For Vodafone Idea, the spectrum purchased at auction (11.80 MHz) was worth ₹ 1,993.4 crore. Industry sources said that its deferred option pays ₹ 574.6 crore as immediate advance payment, and encies 103.50 crore for the frequencies available at a later date. Its payment is determined according to the schedule set by the Department of Telecommunications (DoT).

    Asked whether the company had enough money to pay in advance on the spectrum purchased in the recent auction, Mr. Balaji said, “Yes, we will make the advance payment required by the DoT”.

    Mr. Balaji said, “11.8 MHz spectrum is what we need to meet our requirements.” On how VIL is seeing the 5G opportunity, Mr. Balaji said that the company has made significant investments in its network to make it 5G.

    “We have already made the largest deployment of 5G-ready technologies, including core cloudification, and they help deliver better quality services to our customers,” he said.

    VIL has applied to participate in the 5G trials and the government is expected to move forward.

    “These tests will allow us and other players to ensure that specific India use cases are put to trial simultaneously and will also allow, for the future whenever 5G is deployed on a larger scale To get them at the vertical level, ”said Mr. Balaji. .

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