News Formal

Semafor Puts Its Sam Bankman-Fried Investment in the Gov’s Hands

  • 📰 thedailybeast
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The decision came after the FTX founder’s investment in the fledgling outlet came under heavy scrutiny.

Semafor said in a statement Friday it would allow government probes of former FTX chief executive Sam Bankman-Fried to determine what happens to his investment in the fledgling news outlet.

The decision was announced in a staff-wide memo by CEO Justin Smith, who later released the statement on Twitter, and it came after multiple outlets questioned what the crypto founder’s downfall meant for his various investments in major media orgs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 307. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX founder Sam Bankman-Fried took questions about company collapse: 'We messed up big'Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded. This dork should be in jail. Duh!!!
Source: FoxBusiness - 🏆 458. / 53 Read more »