The writer is founder of Sifted, an FT-backed media company covering European start-upsOne of the more curious and comical corners of the internet is the Amazon customer review section for the Hutzler 571 banana slicer. To date, more than 7,000...
Suraj logged on to the Slack online platform in September at the cryptocurrency start-up where he worked and realised the number of employees in the channel had plummeted. Hours later, he too was abruptly blocked.“I had been promoted and I...
Silicon Valley workers are rushing to offload stakes in tech start-ups through private share sales after a wave of job cuts, compounding a collapse in valuations.Employees of embattled tech groups are flooding secondary markets — where stakeholders in a private...
© BloombergAmerican consumers were the most confident they had been in more than half a year in December, with signs of easing price pressures around the economy helping push inflation expectations to their lowest since last autumn.The US consumer confidence...
FTX will try to recoup millions of dollars in donations to US politicians made by Sam Bankman-Fried and his close associates to help pay back creditors following accusations that the contributions were funded with customers’ money. The company’s new management...
Tech start-ups that have traditionally relied on deep-pocketed Silicon Valley investors to fund ambitious growth plans are being forced into alternative financing deals to sustain their businesses and avoid drastic cuts in valuation.A sharp decline in venture capital dealmaking, alongside...
More than a dozen leading UK start-ups have appealed to Prime Minister Rishi Sunak to rethink proposed cuts to research and development tax credits, arguing the move will “punish” innovative companies and hurt the UK’s standing as a leading destination...
Sam Bankman-Fried has been accused of engineering “one of the biggest financial frauds in American history” as US prosecutors filed criminal charges against the founder of failed cryptocurrency exchange FTX.In an indictment unsealed on Tuesday, the US Department of Justice...
Aaaaand there it is. The US Securities and Exchange has levelled the first formal charges against Sam Bankman-Fried, and the watchdog doesn’t mince its words.FT Alphaville’s bold emphasis in the painfully stark charge sheet below, and some our comments further...
Europe’s most valuable private tech group Checkout.com has slashed its internal valuation to about $11bn, becoming the latest high-flying start-up forced to respond to the rout in tech stocks and falling investor sentiment.The London-based group told employees last month of the...
