Binance has agreed to buy rival crypto exchange FTX following the collapse of the latter’s native exchange token FTT. The deal was confirmed by the CEO of the two parties.
Elon Musk sold an additional $3.95 billion worth of Tesla shares following the closure of his $44 billion Twitter acquisition. Filings with the US SEC reveal that the Tesla chief executive sold 19.5 million more shares of the electric vehicle maker.
Billionaire Meta CEO Mark Zuckerberg has announced he will commence employee layoffs tomorrow. This is likely to be Meta’s largest employee layoff ever after eighteen years of existing as a company.
German engineering and technology giant Bosch has announced its new partnership with IBM as it embarks on a rare journey to find alternatives to rare earth metals that are widely used in electric cars.
FTX’s Sam Bankman-Fried has reportedly lost over 93% of his net worth. It has become known after the Bloomberg Terminal updated the estimated net worth Bankman-Fried to $991 million on November 8, down from $16 billion the previous day.
