As sports gambling sweeps across the nation, pressure is building on sportsbooks, regulators and leagues to ensure that no one gets an unfair advantage.
Why it matters: Suspicious betting on a recent UFC fight cast a spotlight on the need to ensure a level playing field for gamblers.
Veteran crypto boss Barry Silbert, chief and founder of Digital Currency Group, in a letter to shareholders Tuesday tried to shore up confidence in the crypto conglomerate as speculation around the health of its subsidiary Genesis reached fever pitch.
Why it matters: When Silbert talks, the crypto industry tends to listen. That he would speak out in defense of his business and its main subsidiaries suggests that the FTX-catalyzed contagion has had an impact.
FTX bankruptcy judge on Tuesday gave a win for customer privacy — but it wasn't really just about privacy. It was about money.
Driving the news: The post-Sam Bankman-Fried FTX appeared before the Delaware Bankruptcy Court on Tuesday asking — among other things — that the names of everyone (everyone!) it owes money to be redacted from the official record, for the time being.
Congress isn't looking to shake off the recent Ticketmaster fiasco over Taylor Swift tickets, announcing a new hearing that will dig into the ticketing service's recent troubles over the Eras Tour presale.
Why it matters: The announcement comes after Ticketmaster's website experienced glitches, high fees and cancellations during the Swift presale event, a situation that Swifties will remember all too well.
"Ohio is where venture capitalists go to die, and you're not ready to die yet."
That's what Mark Kvamme says he was told by a friend in 2012, when he and fellow Sequoia Capital vet Chris Olsen launched a Columbus-based firm called Drive Capital.
Since then, Drive has amassed $2.2 billion in AUM, backed several unicorns and expanded its two-person team to nearly three dozen.
But 2022 has become a year of transition (some say turmoil) at Drive, headlined by Kvamme's recent decision to step back from day-to-day operations.
A key shareholder vote on Tuesday served as a lifeline for the financial future of Donald Trump's Twitter alternative, Truth Social, while the status of Ye's plans to acquire Parler remains cloudy.
Why it matters: Elon Musk's reinstatement of both Trump and Ye's accounts is creating major growth challenges for both Truth Social and Parler.
The market capitalization of Coinbase just dropped below $10 billion. This time last year, it was more than $70 billion.
Why it matters: The amount of value lost in Coinbase stock is probably greater than the loss of value of FTX equity plus the loss of customer funds held at FTX.
Oil prices whipsawed Monday as news about what the OPEC oil price cartel would decide at its meeting next month sent traders scurrying.
Driving the news: A story in the Wall Street Journal, suggesting that OPEC was considering a 500,000 barrel-a-day increase in production, jolted the crude oil markets at around 9 am ET.
Bob Chapek, when he was CEO of Disney, struggled constantly against the fact that he was, in the words of former U.K. finance minister Norman Lamont, "in office but not in power." That's not his fault, so much as it's the fault of the Disney board, and especially of former board chair Bob Iger.
Waves of layoffs and departures from Twitter last week led many users to fear the service might face a sudden crash of some kind, as hashtags such as #RIPTwitter and #TwitterDown trended in the U.S.
Yes, but: It's far more likely that the social network will experience an increasing volume of glitches, delays and decay around the edges, as small breakdowns pile up and the teams responsible for fixes have been decimated.
Restaurants and grocery stores are getting creative — changing their hours, offering new menu items and keeping prices low — in an effort to tap into the rising demand for premade Thanksgiving feasts.
The big picture: A growing number of Americans are planning to skip the homemade meal this year, opting instead to celebrate Thanksgiving at a restaurant or with a made-ahead meal. The options are bountiful, but you'll need to act fast.
Why it matters: The trend is good news for restaurants, which are eager to recoup lost revenue from the pandemic. And it could reshape the traditional "home for the holidays" ideal, as convenience and value trump tradition and family recipes.
Elon Musk announced Monday he's "holding off" on the relaunch of Twitter Blue Verified until "there is high confidence of stopping impersonation."
Driving the news: Twitter's new billionaire owner made the revamped $7.99 monthly subscription service that comes with a blue checkmark next to users' names his top priority and launched it two weeks ago, but put it on hold until Nov. 29 after a spate of new verified-checkmark users embarked on fraudulent pranks.
Bob Iger is wasting no time reorganizing Disney, announcing less than a day after he had been renamed the company's CEO that he plans to restructure the company "in a way that honors and respects creativity as the heart and soul of who we are."
Why it matters: The move will quickly reverse organizational changes made by Bob Chapek, the former CEO Iger named to succeed him in 2020 that he then replaced on Sunday.
