Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Mashinsky’s downfall mirrors the fate of FTX founder Sam Bankman-Fried, Binance’s Changpeng Zhao and Do Kwon of Terraform Labs.

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Microsoft employees are banned from using DeepSeek app, president says 

Microsoft employees aren’t allowed to use DeepSeek due to data security and propaganda concerns, Microsoft vice chairman and president Brad Smith said in a Senate hearing today. “At Microsoft we don’t allow our employees to use the DeepSeek app,” Smith said, referring to DeepSeek’s application service (which is available on both desktop and mobile.) Smith […]

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A timeline of South Korean telco giant SKT’s data breach

In April, South Korea’s telco giant SK Telecom (SKT) was hit by a cyberattack that led to the theft of personal data on approximately 23 million customers, equivalent to almost half of the country’s 52 million residents. At a National Assembly hearing in Seoul on Thursday, SKT chief executive Young-sang Ryu said about 250,000 users […]

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Celsius Founder Alex Mashinsky Sentenced to 12 Years in Prison

After pleading guilty to two counts of fraud, the founder of failed cryptocurrency platform Celsius will serve 12 years in federal prison.

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Lyft shares rise as company ups buyback to $750 million

Lyft shares jumped 5% after the company lifted its share buyback plan to $750 million in its first quarter earnings report.

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Affirm drops 10% on weaker-than-expected guidance for current quarter

Affirm beats on earnings but gave a revenue forecast that trailed analysts’ estimates.

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Pinterest shares rise 15% on better-than-expected guidance

Pinterest shares rose in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance.

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Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical

After Palantir’s stock surge, investors now have to pay over 520 times earnings to buy it.

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Aurora co-founder Sterling Anderson is leaving the self-driving truck startup

Sterling Anderson, a veteran of the nascent autonomous vehicle sector and co-founder of Aurora, is resigning just a week after the company launched its commercial self-driving truck service in Texas. Anderson held the chief product officer position at Aurora. The resignation was posted in a regulatory filing along with the company’s first-quarter earnings report. His […]

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Appfigures: Apple made over $10B from US App Store comissions last year

Over $10 billion — that’s how much revenue Apple’s U.S. App Store raked in last year, according to a new analysis by app intelligence provider Appfigures. The firm’s estimates indicate that U.S. App Store revenue from commissions more than doubled between 2020 and 2024. In 2020, Apple’s share of App Store commissions was approximately $4.76 […]

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