How a Garbage Talking Crypto Brother Caused a $40 Billion Crash

Do Kwon, a South Korean entrepreneur, described the cryptocurrency he created in 2018 as “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, and brought together a group of investors and supporters that he proudly called “Mad”. Mr. Kwon’s company, Terraform Labs, has raised more than $200 …

Bolt Builds $11 Billion Payout Business With Inflated Metrics, and

A Fundraising Guru Still, Mr. Breslow became something of a legend in the Vale for his fundraising prowess and outspoken demeanor. Last summer, he published a 58-page book on fundraising. on Amazon as a “basic playbook” for beginners. “Foundation is all a matter of momentum,” he wrote. Jack Burlinson, an entrepreneur who has attended Stanford, …

Former Heads of State Call for a $5 Billion Global Commitment to the US

As a continuation of the summit a Mr. Biden met in September; He will use the meeting to ask wealthy nations to increase their financial contributions for vaccines, testing and treatments. It will specifically call on developed countries to donate $2 billion to purchase Covid treatments and $1 billion to purchase oxygen supplies for low- …

Musk Brings New Investors to Contribute $7 Billion to Twitter Deal

Elon Musk has brought in more than a dozen new investors to fund the $44 billion Twitter acquisition, including billionaire Larry Ellison and venture capital firm Sequoia Capital. Securities documents submitted Thursday morning. Investors will jointly contribute $7 billion to fund Twitter’s acquisition, with the rest coming from Mr. Musk’s own pocket or loans. Mr …

John Doerr Gives $1.1 Billion to Stanford for Climate School

Still, some question whether these philanthropic investments can make a difference when it comes to a planetary crisis. “I don’t see how giving a billion dollars to a wealthy university would set the needle in motion in the short term,” said David Callahan, author of The Givers: Wealth, Power, and Philanthropy. A New Gilded Age.” …

Biden Administration Starts $3 Billion Plan for Electric Car Batteries

The Biden administration plans to begin a $3.1 billion effort Monday to spur domestic production of advanced batteries, which is essential to its plan to accelerate the adoption of electric vehicles and renewable energy. President Biden has encouraged automakers to use electric vehicles and utilities to switch to solar, wind and other clean energy, saying …

British Billionaire Jim Ratcliffe Offers $5.3 Billion for Chelsea FC

Jim Ratcliffe, a billionaire industrialist and one of England’s richest men, has made a $5.3 billion offer to buy Premier League football team Chelsea. “We’re making this investment as fans of the beautiful game – not as a tool to make a profit,” Ratcliffe said in a statement released by petrochemical business Ineos, confirming Chelsea’s …

Elon Musk Details $46.5 Billion Twitter Takeover Financing

elon musk He said on Thursday he has pledges worth $46.5 billion to fund his proposed bid for Twitter and is investigating whether to initiate a hostile takeover for the company. In documents In filing with the Securities and Exchange Commission, Musk said he was investigating whether to take his offer directly to Twitter shareholders …

Buffalo Bills Strike Agreement for a $1.4 Billion Taxpayer-Funded Stadium

Ms. Hochul, a Democrat, just announced the deal four days before the state budget is paid In Albany, it offers state legislators a relatively small window to scrutinize the details of the state portion of the funding they must ultimately decide whether to approve. The subsidy will make the already full state budget negotiations even …

Intel to Invest At least $19 Billion for New Chips Factory in Germany

Intel on Tuesday selected the German city of Magdeburg for its next major chip manufacturing facility, continuing a dramatic expansion aimed at reducing reliance on Asian factories for vital components. The Silicon Valley company said it expects to build at least two semiconductor factories, valued at around 17 billion euros, worth around $19 billion, in …

New York Wind Farms Rental Sales Raised More Than $4 Billion

The Biden administration has set a goal of developing 30,000 megawatts of offshore wind power nationwide by 2030. A report cited by management found that investment in the burgeoning offshore wind industry will be worth $109 billion over the next decade. Heather Zichal, CEO of the American Clean Power Association, which represents wind, solar, storage …