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Zhao commits BNB to support disaster relief in Thailand and Myanmar

Zhao has committed to providing BNB for disaster relief efforts in Thailand and Myanmar. This initiative aims to support communities affected by recent calamities, showcasing a proactive approach to humanitarian aid through cryptocurrency.
StartupNews.fyi
Brunei Dollar BNB USD THA MMR
Finance & Economy, Press Release
00:19 29.03.2025

elon musk sells x to xai in 33 billion dollar deal

Elon Musk has sold his social media platform, X, to his AI company, xAI, for $33 billion, a significant drop from his 2022 purchase price but an improvement from its recent low valuation. Musk stated that the merger will enhance both companies by integrating AI capabilities with X's extensive reach. Despite past controversies and advertiser departures, major brands like Amazon and Apple are reportedly returning to X, contributing to a rebound in its fortunes.
CNN
United States Dollar Amazon.com, Inc. Apple Inc. USA Joe Biden Elon Musk Donald Trump Sam Altman Clare Duffy David P. Goldman Show more
Politics & Governance, News Article
23:18 28.03.2025

Elon Musk announces xAI acquisition of social media app X

Elon Musk announced that xAI has acquired X, the social media app formerly known as Twitter, in an all-stock merger valuing xAI at $80 billion and X at $45 billion, including $12 billion in debt. This move aims to protect Twitter investors and integrate the strengths of both companies, leveraging xAI's advanced AI capabilities with X's extensive reach. Musk emphasized that their futures are intertwined, promising significant potential from this combination.
Axios
Fidelity Balanced Arazul Sequoia Capital FIM C Priv USA Elon Musk
Business & Industry, Press Release
23:18 28.03.2025

charlie javice convicted of defrauding jpmorgan in 175 million deal

Charlie Javice was convicted of defrauding JPMorgan Chase out of $175 million by falsely claiming her startup, Frank, had millions of customers when it only had about 300,000. After a five-week trial, she faces up to 30 years in prison for wire fraud, bank fraud, and conspiracy, with sentencing set for August 26.
Straight Arrow News
JPMorgan Chase & Co. USA Jose Baez Charlie Javice
Regulatory & Legal, News Article
23:14 28.03.2025

Pluckk plans to raise 85 crore for fresh produce expansion

Pluckk is set to raise INR 85 crore to enhance its operations in selling fresh fruits and vegetables. This funding aims to bolster the company's growth in the competitive market of fresh produce. The initiative reflects a growing trend in the agricultural sector towards direct-to-consumer sales.
StartupNews.fyi
Indian Rupee
Business & Industry, Press Release
23:08 28.03.2025

charlie javice found guilty of defrauding jpmorgan in startup sale

Charlie Javice has been convicted of defrauding JPMorgan during the $175 million sale of her startup, Frank. Her defense argued that JPMorgan was aware of the company's true customer numbers, which were in the hundreds of thousands, not millions, and that the bank's fraud claims stemmed from buyer's remorse after regulatory changes rendered the data less valuable. Testimony revealed that Javice allegedly paid a friend to create fake customer data to mislead the bank during the acquisition process.
The Independent
JPMorgan Chase & Co. USA Jose Baez Charlie Javice Michael Eisenberg Show more
Business & Industry, News Article
23:02 28.03.2025

millennial ceo charlie javice convicted of defrauding jpmorgan of 175 million

Charlie Javice, the millennial CEO of fintech start-up Frank, was found guilty of defrauding JPMorgan Chase of $175 million by inflating her company's customer base. Prosecutors revealed she falsely claimed 4.25 million users, while only 300,000 were verifiable. Facing a lengthy prison sentence, Javice and her co-conspirator Olivier Amar were indicted on multiple fraud charges, with her attorney arguing the prosecution's case was flawed.
The Daily Beast
JPMorgan Chase & Co. USA Damian Williams Olivier Amar Jennifer Roberts Jose Baez Charlie Javice Show more
Regulatory & Legal, News Article
23:01 28.03.2025

xAI acquires social media platform X in 45 billion dollar deal

Elon Musk's xAI has acquired the social media platform X, formerly known as Twitter, in a $45 billion all-stock deal, which includes $12 billion in debt. The combined entity is valued at $80 billion, with xAI recently raising $6 billion at a $40 billion valuation. Musk emphasized the integration of data, models, and talent between the two companies as they aim to enhance their competitive edge in the AI sector.
reuters.com
OpenAI ERC USD Seher Dareen Elon Musk Sandra Maler Daria Sito-Sucic Pooja Desai Show more
Business & Industry, News Article
22:58 28.03.2025

Wells Fargo to relocate from downtown Fort Worth to new retail hub

Wells Fargo is set to vacate its downtown Fort Worth office as it prepares to move into a new space at a mixed-use development located five-and-a-half miles away. The banking giant's departure will pave the way for an upscale retail hub in the area.
CoStar
Wells Fargo & Company USA
Business & Industry, News Article
22:57 28.03.2025

elon musk acquires x for 45 billion in strategic ai partnership

Elon Musk's social media platform, X, has been acquired by his AI company, xAI, in an all-stock deal valued at $45 billion. This merger, which values xAI at $80 billion and X at $33 billion after accounting for debt, aims to combine advanced AI capabilities with X's extensive user base of over 600 million.Musk emphasized that the integration will enhance user experiences while maintaining a commitment to truth and knowledge. Notable developments under Musk's leadership include the launch of the AI model Grok and the reinstatement of former President Trump's account.
TheWrap
Apple Inc. USA Jack Dorsey Elon Musk Donald Trump Show more
Business & Industry, Press Release
22:38 28.03.2025
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