That is the audacity, the stealing in the U.S. economy - a lot of people don’t understand the ‘invisible hand’ that is emptying our pockets. The history books will show how this is 2008 all over ... ( read original story ...)
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds ... ( read original story ...)
FOCUS-For SoftBank’s Son, coronavirus turns vision to illusion
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets ... ( read original story ...)
Former WeWork CEO Adam Neumann sues SoftBank over withdrawn tender offer
The co-founder and former chief executive of WeWork, Adam Neumann, has filed a lawsuit against SoftBank over the withdrawal of a $3 billion tender offer. The case, filed in Delaware on Monday, ... ( read original story ...)
Adam Neumann sues SoftBank for backing out of $3 billion stock purchase program
The lawsuit highlights a new detail about how Marcelo Claure and SoftBank acted in late December that could be key to Neumann's strategy. ( read original story ...)
Innovation In Crypto Charitable Efforts For COVID-19
As we approach virtual New York Blockchain Week (NYBW) taking place May 7-15, 2020, the industry continues to exemplify innovation and leadership in donating to relief efforts for COVID-19. CoinDesk, ... ( read original story ...)
Ghost blogging platform servers hacked and infected with crypto-miner
Ghost platform got hacked via the same vulnerability that allowed hackers to breach the LineageOS servers hours before. ( read original story ...)
Twitter Accused Of ‘Shadow-Banning’ Bitcoin And Crypto Accounts
Some influential members of the bitcoin and crypto community have complained Twitter has "shadow-banned" them, limiting their reach and ... ( read original story ...)
IPOs, crypto funds and other things I missed this week
Let's about a16z's new crypto fund, recent economic data, the Ebang F-1, Lime's layoffs, Procore's IPO delay and fresh valuation, stocks, Luckin, and, if we have time, Twitter's changing jobs data. ( read original story ...)
JBIC muddies comments from chief on ending coal finance
Japan's government-owned export credit agency said it has not changed its policy on financing coal power plants, muddying a message from the bank's head that environmental groups had hailed as a major ... ( read original story ...)
Tokyo Film Festival Adds Gap Financing Project Market
The Tokyo International Film Festival is to expand its market and business functions this year with the establishment of a gap financing project market. It will run Nov. 4-6 at the The Prince Park ... ( read original story ...)
Twitter Starts Shock War With Bitcoin And Crypto
Some influential members of the bitcoin and crypto community have complained Twitter has "shadow-banned" them, limiting their reach and ... ( read original story ...)
Serena Williams, Naomi Osaka headline Mario tennis tournament with Ryan Tannehill, DeAndre Hopkins
A group of tennis stars, including Serena Williams and Naomi Osaka, will square off with and against NFL players and celebrities in a livestreamed Mario Tennis Aces tournament on Nintendo Switch. The ... ( read original story ...)
Japan enacts 25.69 trillion yen extra budget for coronavirus package
Japan's parliament enacted Thursday a 25.69 trillion yen ($240 billion) extra budget for fiscal 2020 to finance an emergency package ... ( read original story ...)
Japan Government to Help Small Businesses With $9.4 Billion of Finance
The Japanese government will use a public and private sector fund to financially support small and medium-sized businesses hit by the coronavirus pandemic, Japanese sources reported Thursday. The plan ... ( read original story ...)
Andreessen Horowitz just closed its second crypto fund
Two years ago, the venture firm Andreessen Horowitz (a16z) took the wraps off a dedicated crypto fund from a subset of its limited partners, who’d provided the firm with $300 million in capital ... ( read original story ...)