Fidelity slashed its carrying value of Twitter by 56% during the first month of Elon Musk's ownership, according to a new disclosure.
Driving the news: Fidelity was among the group of outside investors that helped Musk finance his $44 billion takeover of the social media site, by purchasing equity.
The securities regulator of the Bahamas announced Thursday that it seized $3.5 billion in digital assets controlled by FTX Digital Markets (FTXDM) on Nov. 12.
Why it matters: A reported million people are owed money in cryptocurrency and traditional forms from the bankrupt cryptocurrency exchange. Its remaining funds are now split between the company and the regulator that formerly oversaw it on behalf of the island nation.
Over six years, Trump's primary holding company, known as DJT Holdings LLC, accumulated in excess of $313 million in reported losses.
Why it matters: The documents were released by House Democrats on Friday, the culmination of a years-long effort waged by Trump to keep them concealed.
The latest: As of 8:30 am ET Friday morning, Southwest had 41 cancellations, which is about 1% of its flight schedule, per Flight Aware data. The airline also had 101 delays.
Tobin Moore is stepping down as CEO of Optoro, a maker of retail returns software that's raised over $250 million in venture capital funding, Axios has learned.
Driving the news: Moore, who co-founded the Washington, D.C.-based company 15 years ago, will give way to Amena Ali, a veteran SaaS executive who most recently led Airside, an identity management platform.
Lost luggage is piling up at airports nationwide as the recent Southwest cancellations and delays continue to wreak havoc on holiday travel schedules.
The big picture: Southwest's flight cancellation problems — sparked by extreme winter weather but exacerbated by the airline's business model and antiquated systems — have left some passengers stranded without their bags and unsure how to find them.
Southwest Airlines was responsible for the majority of flight cancellations and delays in the U.S. for the third straight day on Wednesday, signaling that the airline's holiday season troubles aren't over yet.
The latest: Southwest accounted for 2,352 of the 2,419 canceled U.S. flights as of 2:30am Thursday ET, according to FlightAware. Another 52 of its flights were delayed.
Twitter users around the world reported problems accessing the website and other technical glitches on Wednesday night.
Details: In the first widespread outage since Elon Musk completed his $44 billion acquisition of Twitter in late October, over 10,000 users in countries including the U.S., the U.K., Canada, Germany, Italy, France, Australia and New Zealand reported outage issues, starting in the evening, per the online tracker Downdetector.
