Editor’s note: This story is developing. Check back for updates. Crypto exchange FTX and its affiliated companies have filed for Chapter 11 bankruptcy, the company announced on Friday, with FTX Founder Sam Bankman-Fried stepping down as CEO. John J. Ray III will take over as chief executive, while Bankman-Fried will assist during the transition. The filing for the affiliate, Alameda Research LLC, lists between $10 billion and $50 billion assets, between $10 billion and $50 billion in… Source link
Read More »Google launches storage services with knobs on – Blocks and Files
Google Cloud has expanded up its storage portfolio, augmenting existing services and launching a dedicated backup and data recovery service for the first time. Google Cloud’s group product manager for storage, Sean Derrington, said the services were aimed as much at traditional enterprises as cloud native organizations, as both are looking to build resilient “continental scale” systems, and of course to drive down costs. A third aim was to support data rich… Source link
Read More »Patrick Reed files $750 million defamation lawsuit against Golf Channel, Brandel Chamblee
Patrick Reed filed a lawsuit against the Golf Channel and commentator Brandel Chamblee on Tuesday, claiming that the two “conspired” with the PGA Tour to defame him. Reed, who filed his suit in U.S. District Court on Tuesday, is seeking more than $750 million in damages. He is being represented by Larry Klayman, a controversial former prosecutor who has filed a number of notable failed lawsuits in the past. Reed won nine times on the PGA Tour in his career, including at The Masters in… Source link
Read More »Ne-Yo’s wife Crystal Smith files for divorce, alleges he fathered a child with ‘paramour’
Ne-Yo’s wife has filed for divorce, claiming he recently fathered a child with another woman. Days after publicly accusing the singer of cheating, Crystal Smith, who married Ne-Yo (real name: Shaffer Chimere Smith) in 2016, filed divorce papers in Atlanta this week, according to multiple news outlets. In her divorce filing, Ne-Yo’s wife Crystal Smith accuses him of recently fathering a child with another woman. (Photo: Prince Williams/ Getty Images) Smith, who shares three children with the… Source link
Read More »Crypto lender Celsius files for bankruptcy
(Reuters) -U.S. crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices. New Jersey-based Celsius listed estimated assets and liabilities on a consolidated basis in the range of $1 billion to $10 billion, according to a court filing in the U.S. Bankruptcy Court for Southern District of New York. Crypto lenders boomed during the COVID-19 pandemic, drawing depositors with high… Source link
Read More »Google files counterclaim to Match’s antitrust lawsuit, says Match wants to use its services for free – TechCrunch
Google has responded to dating app maker Match Group’s antitrust lawsuit in a scathing new court filing which refers to Match’s original complaint as a “cynical attempt” to take advantage of Google Play’s distribution platform and other tools while attempting to sidestep Google’s fees. The two tech giants have been battling it out in court after Match sued Google this May over its alleged monopoly power in Android app payments. Match — which operates dating apps including… Source link
Read More »Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection
Robert first came across Voyager Digital in March 2020. Like countless others, he decided to give the cryptocurrency broker a try. The platform was easy to navigate. It offered him an up to 9% annual percentage yield (APY)—much higher than a traditional savings account. It claimed to be FDIC (Federal Deposit Insurance Corporation) insured. And being a publicly traded company on the Toronto Stock Exchange, he thought, how bad could Voyager be? Robert, who asked to be identified by only his… Source link
Read More »Google’s Russian subsidiary files for bankruptcy, citing asset seizure
Placeholder while article actions load Google’s Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson said Wednesday, because Russia’s seizure of its assets has made it impossible to run its business in the country. It has also moved most of its employees out of the country, the company confirmed. The tech giant submitted a notice of intention to declare itself bankrupt, according to Reuters, which cited a filing in Russia’s federal register. Services such as… Source link
Read More »Google’s Russian subsidiary files for bankruptcy
May 18 (Reuters) – The Russian subsidiary of Alphabet Inc’s (GOOGL.O) Google has filed for insolvency, according to a message posted on Russia’s official registry Fedresurs on Wednesday. The subsidiary was “submitting a notice of the intention to declare itself insolvent (bankrupt)”, the note said. “Since March 22, 2022, it foresees its own bankruptcy and inability to fulfil its monetary obligations, demands to pay severance payments and (or) the remuneration of staff working or previously… Source link
Read More »Google Docs expands warnings about dodgy files and links
Google’s office collaboration tools Docs, Sheets, Slides, and Drawings will now show a warning banner when you open potentially malicious files from the web, the search giant has announced. This banner already appears when dodgy files are accessed from within Drive, as well as from suspicious links within separate Docs, Sheets, Slides, and Drawings files. The broader rollout should help protect users in a wider range of situations. Confusingly, Google’s January 20th announcement post… Source link
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