debt
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‘The Dumpster Fire Is Out:’ Attorneys for Bankrupt FTX Consider Restarting Exchange
You know that classic zombie movie scene where the everyone thinks the monster is dead, but then suddenly it’s not?
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Twitter Begins Paying Interest on Its Massive Debt
Twitter has made its first interest payment on its more than $US12.5 ($17) billion in looming debt, according to reports from Bloomberg and the Financial Times. Elon Musk took out billions of dollars in loans back in October 2022, as part of the billionaire’s successful push to purchase Twitter and take the social media platform…
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Crypto Broker Voyager Digital Declares Chapter 11 Bankruptcy, Disables User Trading
Like its namesake, Voyager Digital wanted to go where few crypto trading companies have gone before, to truly make crypto “mainstream” with items like debit and credit cards that earn users crypto rewards. Instead of going “to the moon” and beyond, Voyager is taking a parabolic trajectory back down to where many trading platforms are…
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Oil CEOs Laid Off Workers and Gave Themselves Raises During the Pandemic
CEO pay at some of the country’s top oil and gas companies last year stayed more than 100 times above the median salary of workers at that company, a new analysis has found. In some cases, that gap increased — even as those companies laid off workers and took in federal aid money.