Microsoft and Activision formally pressed the U.S. government to OK its acquisition of Activision Blizzard — the biggest such move in gaming history on Thursday.
Elon Musk said Thursday afternoon in a Twitter Spaces that he’s not selling any Tesla stock next year "under any circumstances."
Details: "I'm not selling any stock for I don’t know a quote minimum of 18 to 24 months. You can count on me — no stock sales til probably I don’t know, 2025 or something," Musk said.
Sam Bankman-Fried allegedly directed FTX employees to manipulate the price of the crypto token associated with his exchange, FTT, according to an updated civil complaint submitted by the U.S. Securities and Exchange Commission.
Why it matters: Uncertainty about the FTT token moved investors to begin withdrawing billions of dollars from FTX in early November, which precipitated the company's collapse and exposure of alleged fraud by Bankman-Fried and others.
Two major figures in the FTX scandal, company co-founder Gary Wang and former Alameda Research CEO Caroline Ellison, on Wednesday both pleaded guilty to several federal wire fraud and conspiracy charges. Each also was charged with fraud by the SEC and the CFTC.
Why it matters: The close confidants of disgraced crypto entrepreneur Sam Bankman-Fried are cooperating with federal prosecutors, according to U.S. Attorney Damian Williams.
