The architect of a $5.6 billion Chinese Ponzi scheme that defrauded 128,000 investors has been sentenced to 11 years and 8 months in a UK prison. British authorities seized 61,000 bitcoin now worth over $6 billion in one of the largest cryptocurrency seizures ever recorded.
Amazon converted Prime Video to an ad-supported default in 2024, capturing 130 million US viewers. Its ad revenue hit $47 billion this year, growing at a staggering 24% last quarter. The company is now rolling out tools to dominate the streaming TV ad landscape.
Tesla’s Cybertruck program manager Siddhant Awasthi and Model Y leader Emmanuel Lamacchia resigned within hours of each other. The departures come as Cybertruck sales dropped 63% and faced multiple recalls. These exits follow a pattern of senior program managers leaving Tesla over the past year.
DoorDash topped Morning Consult’s list of fastest-growing brands for 2025, with baby boomers showing the biggest increase in purchasing intent. The delivery service saw revenue jump 24% during the first nine months of 2025, while younger consumers are cutting back due to financial pressures. Boomers
Crypto banks have undergone a dramatic reversal from regulatory targets to pioneers. Amina Bank just secured a Markets in Crypto-Assets license with passporting rights across 30 European markets. The firm is targeting $6 billion in assets under management by year-end.
Supply chains are no longer just about efficiency – they’re becoming central to business strategy. Leading companies are transforming their supply chain operations into competitive advantages through regionalization and digital innovation.
The South African Reserve Bank has taken a 50% equity stake in PayInc, establishing it as a national payments utility. This public-private partnership aims to modernize South Africa’s payment ecosystem for greater security and inclusion.
Five years after the Xbox Series X launched at $500, Microsoft’s console strategy has fundamentally changed. With hardware sales down 22% and major exclusives going multiplatform, Xbox faces an existential question about its future in gaming.
Short-term rental company Sonder Holdings is filing for Chapter 7 bankruptcy and winding down US operations. The collapse follows Marriott International abruptly ending their booking collaboration, causing massive financial losses.
The Chan Zuckerberg Initiative is making a massive pivot from education and housing to exclusively focus on curing all diseases using artificial intelligence. They’re committing to 10x computing power by 2028 and betting big that AI can achieve what traditional biology can’t. It’s either wildly ambi
