Sam Bankman-Fried is fighting to keep 0m stake in Robinhood
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Sam Bankman-Fried is fighting to keep $450m stake in Robinhood

ByNews Polite

Sam Bankman-Fried is battling to keep a $450 million stake in retail stock Robinhood that FTX’s new boss is trying to claw back from the indicted crypto huckster, according to court records. The ousted FTX founder claims he is entitled to the assets listed under Emergent Fidelity Technologies, a holding…

Meta Layoffs Mostly Affected Tech Team, Reorganisation Underway, Say Execs

Meta Layoffs Mostly Affected Tech Team, Reorganisation Underway, Say Execs

ByNews Polite

Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles. Speaking during an employee townhall meeting heard by Reuters, Meta executives also said…

Snapchat co-founder Reggie Brown accused of running amok in swanky gated community
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Snapchat co-founder Reggie Brown accused of running amok in swanky gated community

ByNews Polite

The one-time tech visionary who invented Snapchat’s disappearing-photos feature vanished from the public eye after a nasty legal battle with his co-founders — and has since been accused of running amok in a swanky gated community, The Post has learned. Reggie Brown, who co-founded Snapchat with Evan Spiegel and Bobby…

John DeLorean’s daughter, Kat DeLorean, launching Detroit-built sports car next year
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John DeLorean’s daughter, Kat DeLorean, launching Detroit-built sports car next year

ByNews Polite

DeLorean is back. Again. Kat DeLorean, daughter of famed automotive executive John DeLorean, has announced the launch of a new car company called DeLorean Next Generation Motors (DNG Motors), that is aiming to bring a modern take on her father’s eponymous sports car to market. The company says that the sleek…

Elon Musk blames ‘neo-Marxists’ for poor relationship with daughter
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Elon Musk blames ‘neo-Marxists’ for poor relationship with daughter

ByNews Polite

Elon Musk said that “neo-Marxists” who have taken over elite schools and liberal universities are to blame for the fact that his 18-year-old daughter wants nothing to do with her uber-wealthy dad. “It’s full-on communism . . . and a general sentiment that if you’re rich, you’re evil,” Musk told the Financial Times on…

Justice Department antitrust chief wants to ‘unplug’ tech monopolists
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Justice Department antitrust chief wants to ‘unplug’ tech monopolists

ByNews Polite

The Justice Department’s top antitrust cop said he wants to “unplug” monopolistic Big Tech firms and drove home his support for a stalled congressional bill intended to rein in Google, Amazon, Meta and Apple during a fiery speech on Friday.  Jonathan Kanter, the Biden-appointed assistant attorney general who leads the…

NASA ready for second attempt at lunar launch
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NASA ready for second attempt at lunar launch

ByNews Polite

CAPE CANAVERAL, Fla. – Ground teams at Kennedy Space Center prepared on Saturday for a second try at launching NASA’s towering, next-generation moon rocket on its debut flight, hoping to have remedied engineering problems that foiled the initial countdown five days earlier. The 32-story tall Space Launch System (SLS) rocket and its…