Tagged: david sacks

Candidate for President Ron DeSantis Believes in Bitcoin, But Not CBDCs

Yesterday, in a Twitter Spaces interview which was delayed due to overwhelming interest, Florida Governor and candidate for President Ron DeSantis expressed his support for Bitcoin while re-iterating his opposition to central bank digital currency (CBDC). Florida has passed a law that they do not… Read More

Authoritarian PayPal? Outrage on Twitter As PayPal Tells Users it Can Take $2500 Per Violation of Acceptable Use Policy

PayPal’s (NASDAQ:PYPL) forthcoming Acceptable Use Policy is garnering outrage on Twitter as users must agree to monetary penalties for crossing the PayPal moral guidance line. A new Acceptable Use Policy, to take effect on November 3, 2022, states: “You are independently responsible for complying with all… Read More

Elon Musk Provides Details on Financing to Acquire Twitter, Board Says it will Review Offer

According to a filing submitted to the Securities and Exchange Commission (SEC), Elon Musk has provided details on how an acquisition of Twitter (NASDAQ:TWTR) will be financed. The document outlines the specifics of the deal: A debt commitment letter, dated April 20, 2022, from Morgan… Read More

Twitter Poison Pill Aims to Bloat the Company with More Shares Blocking Elon Musk’s Acquisition of the Social Media Company

In an attempt to block the acquisition of the company by Elon Musk, the Twitter (NYSE:TWTR) Board of Directors announced a Poison Pill plan today. The move was predicted following Musk’s announcement he wanted to take the company private at a per-share price of $54.20… Read More

Heavy Hitters: Max Levchin & David Sacks Invest in Returnly

Max Levchin, CEO and founder of Fintech Affirm and PayPal co-founder, has joined with PayPal’s founding COO David Sacks, via his Craft Ventures VC fund, to invest in Returnly. The high profile investors jumped aboard a $19 million Series B round. As part of the… Read More

Multicoin Expects to Raise $250 Million by Q2 for a Fund that Invests in “Cryptoassets”

The Future is Crypto Multicoin has just announced the backing of big name investors supporting their “thesis driven” cryptofund. The following investors have now backed this cyptocurrency firm, including; Marc Andreessen, David Sacks and Bill Lee (Craft Ventures), Chris Dixon, Compound, Vy Capital, Passport Capital, Adam Zeplain… Read More

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