All posts tagged "Marchés"

New York (AFP) - He was the face of cryptocurrency, and a young one at that -- a media darling seemingly destined to unite the sector. But the stunning rise of Sam Bankman-Fried and his FTX platform would be matched by an equally spectacular fall, after it was revealed that billions of dollars of clients' funds had been moved and spent without their consent. A federal jury in New York has convicted Bankman-Fried of leading the fraudulent scheme, for which 31-year-old former tycoon now faces the possibility of spending the rest of his life behind bars. Before it all came crashing down, the nati......

New York (AFP) - Twitter stock fell Monday after Tesla chief Elon Musk ditched a $44 billion deal to buy the social media giant. The platform stock dropped 5.46 percent on Wall Street, to $34.80 by around 7:05 am (11:05 GMT). It had lost 5.10 percent before the weekend. Musk on Friday pulled the plug on the deal, accusing the company of "misleading" statements about the number of fake accounts, according to a letter from his lawyers, a copy of which was filed with the Securities and Exchange Commission. Musk's effort to terminate the deal that he inked in April sets the stage for an epic court......

New York (AFP) - The Chinese ride-hailing giant Didi Chuxing's announcement that it will delist its shares from the New York Stock Exchange marks the end of a cushy relationship between Wall Street and Chinese tech giants, who are under siege from authorities in Beijing and regulators in America. Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing. During that time its market value has fallen by 63 percent. Didi's move comes in the wake of a sweeping Chinese regulatory crackdown in the past year that has clipped t......

San Francisco (AFP) - Ten years after Apple founder Steve Jobs' death, the firm has grown into a colossus of devices and services that is the world's most valuable company, but the tech legend's diehard fans lament its lost aura of revolution.  "Apple doesn't innovate anymore" or "Steve Jobs is turning in his grave" are the type of disillusioned tweets that pop up especially during product launches led by Tim Cook, who took Apple's reins in August 2011.  On the surface, Jobs -- who died October 5, 2011 after a battle with pancreatic cancer -- left the company DNA imbued with his demanding inte......