Tag: bankruptcy
The WeWork soap opera’s latest episode includes filing for bankruptcy
Since early 2019, its value crashed from $47 billion to less than $45 million
China’s Two-Year Tech Crackdown Winds Up: What’s Changed? | Tech News Briefing Podcast | WSJ
Beijing appears to be nearing the end of a two-year crackdown on the county’s big tech companies. Some of China's most well-known and influential internet companies have been forced to make significant changes.
(HIGHLIGHTS) Sam Bankman-Fried on the FTX scandal
Highlights from Frank Chaparro's interview of former FTX CEO Sam Bankman-Fried.To listen to the full episode visit: https://www.theblock.co/post/192005/2-hou...
Why FTX Chose the Bahamas for Its Headquarters | WSJ
More than a year before its collapse, FTX moved its headquarters to the Bahamas—a country that worked to lure crypto companies to its shores. So what makes t...
Why I Will Never Trust or Invest in Crypto Ever Again!
I know I’m not a crypto channel, but in this video, I go over Crypto’s FTX story. It’s a very interesting story about greed and lies and how Sam Bankman Frie...
FTX: Worse Than Enron!
The new chief executive of FTX, an insolvency professional who oversaw the liquidation of Enron, has said that the bankruptcy of the crypto group is the worst case of corporate failure he has seen in more than 40 years.
How FTX Went Bankrupt | What Went Wrong | WSJ
Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ...
More German businesses go bankrupt amid weak economy, high inflation | DW News
A sharp uptick in the number of German firms beginning insolvency proceedings is raising eyebrows in Europe's largest economy. Some 762 firms declared bankruptcy in September — a 34% increase from the same period last year.
Sri Lanka stopped selling fuel for two weeks at a time when the economic crisis was getting worse.
Sri Lanka announced a two-week ban on fuel sales for all non-essential services, starting from June 28, 2022, as the island nation faces its worst economic crisis in 70 years. Schools have also been shut to reduce the need for commuting, and the governmen...