Madison Cawthorn could be indicted for insider trading: report

Madison Cawthorn could be indicted for insider trading: report

Madison Cawthorn, the controversial GOP freshman congressman, may have broken the law by engaging in insider trading as part of a pump-and-dump cryptocurrency scheme, according to a report. The Republican from North Carolina appeared at a Dec. 29 party alongside hedge fund manager James Koutoulas, who is the chief promoter of the “Let’s Go Brandon” … Read more

Facebook ‘open borders’ leads to massive data leaks: report

Facebook 'open borders' leads to massive data leaks: report

Facebook has failed to safeguard users’ personal data to the point where the company doesn’t know what happens to it or where it ends up, the firm’s software engineers have warned. The news site Motherboard obtained leaked documents indicating that senior software engineers warned the company was unprepared for a “tsunami” of privacy regulations by … Read more

Joy Reid suggests Elon Musk ‘misses’ South Africa apartheid

Joy Reid suggests Elon Musk 'misses' South Africa apartheid

MSNBC anchor Joy Reid ripped billionaire Elon Musk following his $44 billion deal to buy Twitter on Tuesday evening – alleging the South Africa-born billionaire and Tesla boss wanted the social media platform because he “misses” the country’s apartheid era. Reid argued that Musk’s plan to dial back Twitter’s strict content moderation policies to protect … Read more

Archegos founder Bill Hwang arrested, charged with fraud

Archegos founder Bill Hwang arrested, charged with fraud

Archegos Capital Management founder Bill Hwang and the fund’s chief financial officer Patrick Halligan were arrested Wednesday by federal agents and indicted on charges including securities fraud, wire fraud and racketeering. In a lawsuit filed in the Southern District of New York, US prosecutors allege Hwang — whose Archegos fund spectacularly collapsed in March 2021, … Read more

Elon Musk banned from criticizing Twitter under terms of $44B buyout

Elon Musk banned from criticizing Twitter under terms of $44B buyout

Elon Musk’s $44 billion Twitter buyout agreement includes a bizarre clause banning him from tweeting criticism about the company – though the billionaire already appears to be testing the rule’s limits. An SEC filing published this week detailing the agreement notes Musk – identified in the document as “equity investor” – “shall be permitted to … Read more

Robinhood Markets to cut its workforce by 9%

Robinhood Markets to cut its workforce by 9%

Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which is reporting its quarterly results later this week, said the rapid headcount growth has led to some duplicate roles and job functions. As of Dec. … Read more

Ron DeSantis’ Disney jab over ‘Don’t Say Gay’ could be overturned

Ron DeSantis' Disney jab over 'Don't Say Gay' could be overturned

Veteran media personality Megyn Kelly warned that a Florida Gov. Ron DeSantis-led effort to revoke Disney’s special tax district following a flap over the state’s “Don’t Say Gay” law could be overturned if it faces a legal challenge. Kelly detailed her concerns about DeSantis’ action against Disney during Monday’s episode of her podcast “The Megyn … Read more