21 Feb, 2024

FTX execs blew through $8B; testimony reveals how

Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, according to testimony from former senior FTX executive Nishad Singh. Singh’s testimony, which kicked off the third week of Bankman-Fried’s trial, provides fresh details of exactly where […]

7 mins read

Sam Bankman-Fried was a bad friend, too

In September 2022, when he found out that Alameda had been using FTX customer funds, Nishad Singh said he asked to speak with the founder of Alameda and the CEO of FTX. They were both, of course, Sam Bankman-Fried. Singh and Bankman-Fried met on the balcony of the penthouse they shared in the Bahamas, which […]

12 mins read

The Meta glassholes have arrived

It’s happening: people are once walking into public places wearing a video-recording face computer on their heads. Only this time, the faceputer is sold by Meta, not Google. Say hello to Meta’s Glassholes. Over the weekend, as buyers got their first uninterrupted stretches of time with the new Meta Quest 3 headset, some started posting […]

4 mins read

Google lobbies against legally mandated age verification for minors

Google is challenging proposed laws that would require online services to implement age checks in a new framework that theorizes how technology companies should approach children’s safety online. The framework, titled the “Legislative Framework to Protect Children and Teens Online,” is the tech giant’s response to congressional child online safety proposals. In its set of principles, […]

4 mins read

Live commerce startup TalkShopLive launches new app for sellers to broadcast on mobile

Live commerce platform TalkShopLive announced today its new Studio app for creators and brands, bringing an array of management and broadcast tools to mobile, including the ability to virtually collaborate with four people in a livestream, pin comments, simulcast on Facebook and more. TalkShopLive’s new app allows sellers to access the platform’s full toolset right […]

4 mins read

Netflix’s cloud gaming service begins tests in U.S.

Netflix is beginning to test its cloud gaming service in the U.S. after initially launching limited trials in Canada and the U.K. The service, an expansion on the company’s mobile gaming efforts which began in 2021, has seen the streamer picking up gaming studios and licensing titles from individual developers with the intention to make […]

4 mins read

The NVCA Model Legal Documents reach legal drinking age: A retrospective

Sarah Reed is general counsel at RA Capital Management. It is fitting that, in their transition to adulthood, the National Venture Capital Association’s (NVCA) Model Legal Documents (the “Model Docs”) for venture capital financing transactions have not only undergone their most substantial revisions since inception, but also reflect the more relaxed vibe of someone who […]

8 mins read

ByteDance’s video editor CapCut targets businesses with AI ad scripts and AI-generated presenters

CapCut, the ByteDance-owned video editing app that’s the company’s second to hit $100 million in consumer spending after TikTok, is now expanding into business tools. Known today for its easy-to-use templates, tight integration with TikTok, and rapid adoption of AI effects and filters, CapCut has been a top consumer video editing app that now regularly […]

4 mins read