losses
- Technology
Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal: Some VCs that held onto stakes in startups after IPOs during the bull market,…
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Memo: Grab begins cost cutting, including pausing most hiring, freezing salaries for senior managers, and cutting travel and expense budgets, to stem losses (Anshuman Daga/Reuters)
Memo: Grab begins cost cutting, including pausing most hiring, freezing salaries for senior managers, and cutting travel and expense…
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Court filing: FTX Digital Markets co-CEO Ryan Salame tipped Bahamas' security commission on November 9 that FTX customer funds were used to cover Alameda losses (Financial Times)
Financial Times: Court filing: FTX Digital Markets co-CEO Ryan Salame tipped Bahamas’ security commission on November 9 that FTX customer…
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Sources: some US banks that lent Elon Musk $13B to buy Twitter are preparing to book losses on the loans this quarter, as investors shy away from risky debt (Reuters)
Reuters: Sources: some US banks that lent Elon Musk $13B to buy Twitter are preparing to book losses on the…
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