Technology

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Druckenmiller, Family Offices Ditched Tech Stocks Before Rally

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By contrast, hedge funds dialed up their bets on the sector in the fourth quarter.

Citadel's Griffin Sues IRS For Failing To Protect His Financial Data

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Ken Griffin is seeking financial damages over a data breach, claiming the IRS didn't protect his information.

Bankman-Fried Jolts FTX Hearings With Plan To Skip Senate Panel

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The former FTX chief executive is being more selective when it comes to appearing before Congress.

Binance's Zhao Flags Possible $1 Billion For Distressed Assets

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Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry.

FTX Is Allowed To Hide The Identity Of Its 50 Biggest Creditors

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A judge ruled that FTX creditors, including rich investors, can remain anonymous.

Elon Musk's 2022 Wealth Loss Exceeds $100 Billion For First Time

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Musk, 51, has been preoccupied with Twitter, the floundering social-media network he acquired last month for $44 billion.

Bankman-Fried Courted Legislators And Regulators. Now, They're Shunning Him

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All of the FTX co-founders supporters seem to have evaporated in the wake of his firm's bankruptcy.

Russia-Born Revolut Billionaire Gives Up His Citizenship

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His opposition to the war in Ukraine is the likely reason.

Bankman-Fried Says His Crypto Bailouts Had ‘Mixed Results'

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With bitcoin prices hovering near $20,000, Sam Bankman-Fried said it could always be worse.

NFT Prices Diverge Sharply As Ethereum 'Merge' Mania Intensifies

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Investors have piled into ether ahead of a software upgrade.

Scion Of $63 Billion Media Fortune Revamps Wealth With Tech Bets

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Thomvest Ventures handles the venture capital assets of Peter Thomson, member of the Thomson media dynasty.

Lambo Dealers Are Keeping Warm Despite Crypto Winter

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The recent crash in the price of crypto has flooded second-hand markets with other luxury goods.

Ex-Meta Staffers Raise $150 Million For New Crypto Venture

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Aptos Labs is a startup that rose from the wreckage of Meta Platforms' failed crypto ambitions.

Billionaire Tom Steyer Bets On Weather Stations To Battle Climate

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Galvanize Climate Solutions was launched last year by Steyer and Katie Hall to battle climate change.

Heightened Tax Concerns Weigh On Single-Family Offices

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Single-family offices are also concerns about keeping up technologically, according to an EY survey.

Crypto Billionaires' Vast Wealth Destroyed In Weeks Amid Turmoil

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Those who built their fortunes on crypto are learning they can also lose those fortunes in crypto.

Musk's Twitter Buyout Challenged By Florida Pension Fund

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Musk's Twitter acquisition features one of the biggest leveraged buyout deals in history.

Elon Musk Clinches Deal To Take Twitter Private For $44 Billion

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In one of the biggest leveraged buyout deals in history, Musk will take the platform private.

Celebrities Toss $87 Million To Crypto-Payments Company MoonPay

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Celebrities on the investor roster include Ashton Kutcher, Justin Bieber, Steve Aoki, and Gwyneth Paltrow.

Family Offices See Next Leaders Ceding Profit In Succession Rift

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The next generation in family offices is expected to focus more on decentralized finance, cryptocurrency and ESG.

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