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Hello, and welcome to the beginning of another week. As mentioned last Friday, Haje is off scuba diving, leaving the rest of us to pick up the Twitter and FTX pieces. No bother, we are here for you. Mary Ann starts us off by reporting on SoftBank writing down an almost $100 million investment into FTX. And with that, let’s dig in! — Christine
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This FTX business has wide reach: Tage reports on what happens to a young company that held some assets in FTX and now can’t access them due to, well, you know. In this instance, African web3 startup Nestcoin said it had to lay off employees as a result of not having that access.
A true comparison: Now people in Europe can know the joy and wonder that is the Klarna price comparison tool, which Paul writes may just be a “credible alternative to Google and Amazon.”
Oops: Bird, a micromobility company, told the Securities and Exchange Commission that it had included unpaid customer rides in its revenue, thus having overstated that particular number for two years. Jaclyn has more. …
