Governance
Top tech news stories today: September 16, 2024
Fintech 1. Fintech Bolt is buying out the investor suing over Ryan Breslow’s $30M loan Bolt says it has settled its long-standing lawsuit with its investor Activant Capital. One-click payments startup Bolt is settling the suit by buying out the investor’s stake “after which Activant will no longer h…
Headline
Fintech 1. Fintech Bolt is buying out the investor suing over Ryan Breslow’s $30M loan Bolt says it has settled its long-standing lawsuit with its investor Activant Capital. One-click payments startup Bolt is settling the suit by buying out the investor’s stake “after which…
Context
Bolt says it has settled its long-standing lawsuit with its investor Activant Capital . One-click payments startup Bolt is settling the suit by buying out the investor’s stake “after which Activant will no longer hold any interest in Bolt,” the company said in a statement. ( Techcrunch ) The jury that convicted Sam Bankman-Fried of stealing billions of dollars from customers of his FTX cryptocurrency exchange only saw “half the picture” because the judge did not allow in critical evidence, his lawyer argued in their appeal on Friday. ( USNews )
Evidence
Pending intelligence enrichment.
Analysis
Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. ( Yahoo!Finance ) OpenAI’s new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. ( CNA ) EU antitrust officials are considering ordering Alphabet’s Google to end anti-competitive practices in its adtech business, but will not order a breakup as they had previously warned , people with direct knowledge of the matter said. ( Reuters ) Brazil’s Supreme Court Justice Alexandre de Moraes decided to lift freezes previously imposed on Starlink and X bank accounts after ordering the transfer of 18.35 million reais ($3.3 million) from the accounts to the national coffers. ( mint )
Key Points
- Fintech
- 1. Fintech Bolt is buying out the investor suing over Ryan Breslow’s $30M loan
- 2. Sam Bankman-Fried’s jury only saw ‘half the picture,’ lawyer says in appeal
- IT infrastructure
- 3. Nvidia’s stock market dominance fuels big swings in the S&P 500
Actions
Pending intelligence enrichment.
