The Morning After: Disgraced FTX founder Sam Bankman-Fried started a newsletter

Sure, it may not sound like the spiciest headline, but Sam Bankman-Fried is in a weird place to be starting a Substack. He’s facing up to 115 years in prison if he’s convicted of federal fraud and conspiracy charges. And yet the embattled founder of collapsed crypto exchange FTX – who pleaded not guilty and is out on a $250 million bond while awaiting trial – figured it’d be a great idea to write about his perspective on the saga in a Substack newsletter.In his first post, about the collapse of FTX International, Bankman-Fried (aka SBF) claims “I didn’t steal funds, and I certainly didn’t stash billions away.” SBF notes that FTX US (which serves customers in America) “remains fully solvent and should be able to return all customers’ funds.” However, he does not mention that FTX co-founder Zixiao "Gary" Wang and former Alameda Research CEO Caroline Ellison pleaded guilty to fraud charges and are cooperating with prosecutors.– Mat SmithThe Morning After isn’t just a newsletter – it’s also a daily podcast. Get our daily audio briefings, Monday through Friday, by subscribing right here.The biggest stories you might have missedApple CEO Tim Cook is taking a 40 percent pay cut in 2023The best projectors you can buy in 2023, plus how to choose oneApple TV and Apple Music apps quietly appear on the Microsoft Store Samsung's Galaxy Watch 5 falls back to an all-time lowIntel’s new desktop processor reaches 6GHz without overclockingAmazon fails to overturn Staten Island warehouse's... Continue reading at 'Engadget'

[ Engadget | 2023-01-13 12:15:24 UTC ]
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A Quiet Start to 2014

In an unusual occurrence, last week five companies with significant trade publishing operations all reported results for the three months ended Mar. 31, 2104. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-09 00:00:00 UTC ]
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Dig In: Photos from Dinah Fried’s ‘Fictitious Dishes: An Album of Literature’s Most Memorable Meals’

Dinah Fried's new book, 'Fictitious Dishes,' blends literature, photography, and food as she recreates culinary moments from 50 well-known books. See photos from five fictional tablescapes come to life, from 'The Secret Garden' to 'The Metamorphosis.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-21 00:00:00 UTC ]
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IDG Founder Patrick McGovern Dies

Patrick J. McGovern, who became a billionaire as founder and majority owner of Boston-based technology publisher International Data Group, has died. He was 76.He died Wednesday at Stanford Hospital in Palo Alto, Calif., the company said in a statement. No cause was given. He lived in Hollis, New... Continue reading at Advertising Age

[ Advertising Age | 2014-03-21 00:00:00 UTC ]
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Drones: Red Hat founder Bob Young's latest investment

Bob Young helped found what would become Red Hat (NYSE: RHT) in 1993. Now, more than 20 years later, he has found a new project - a company he calls “the Red Hat of big data” - and it’s all about drones. Young, whose other roles include heading Raleigh self-publishing firm Lulu.com and backing... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2014-03-19 00:00:00 UTC ]
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Upworthy’s Founder Talked At SXSW… And You’ll Never Guess What He Said

Viral site’s CEO Eli Pariser talks curation, algorithms and data versus intuition in news publishing. By Stuart DredgeStuart Dredge Continue reading at The Guardian

[ The Guardian | 2014-03-11 00:00:00 UTC ]
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‘Comics World’ Newsletter Now Twice a Month

PW Comics World, Publishers Weekly’s regular email newsletter on graphic novel and comics publishing, is increasing its frequency to twice a month. Beginning March 5 2014, the newsletter will go out on the first and third Wednesdays of every month. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-05 00:00:00 UTC ]
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In Brazil, Amazon Starts Selling Kindles Direct, Books are Next

After 13 months of using partners to sell Kindles in Brazil, Amazon is now offering direct sales. If they can do that, books are not likely far behind. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-02-12 00:00:00 UTC ]
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Margolis Leaving HC; Will Start New Venture

Esther Margolis, who joined HarperCollins when her indie house Newmarket Press was acquired by the Big Five publisher, is launching a new venture. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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Can Twitter co-founder take an 'evolutionary leap' into storytelling?

Collaborative publishing website Medium, which aims to reinvent the blog, secures first external investmentMedium, Twitter co-founder Ev Williams's online publishing venture, has no shortage of ambition – to reinvent the blog as a digital storytelling format and match the impact of the... Continue reading at The Guardian

[ The Guardian | 2014-02-02 00:00:00 UTC ]
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Wikipedia's celebrity voice archive gets underway with the help of Stephen Fry

Wikipedia. It's one of the cornerstones of the internet. It's a global resource which has quite a reputation and has spawned numerous copycats and offshoots; the latest addition to the wiki canon is the Wikipedia Voice Intro Project (or WikiVIP). As you may have guessed from the name, this is a... Continue reading at Betanews

[ Betanews | 2014-01-28 00:00:00 UTC ]
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ALA Midwinter 2014: A Cold, Quiet Start in Philadelphia

Fresh on the heels of a major snowstorm and with temperatures lingering in the teens, travel snarls contributed to a lightly attended opening night reception on the exhibit floor. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-01-25 00:00:00 UTC ]
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Start-up Oyster raises $14m

E-books subscription start-up Oyster has raised $14m in investment in a deal with Highland... Continue reading at The Bookseller

[ The Bookseller | 2014-01-14 00:00:00 UTC ]
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Germany's Weltbild starts insolvency proceedings

Verlagsgruppe Weltbild, one of the largest German media companies with major interests in both... Continue reading at The Bookseller

[ The Bookseller | 2014-01-10 00:00:00 UTC ]
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Is Russia Starting to Solve Its Ebook Piracy Problem?

Russia's ebook market is expanding as more legitimate titles come online and efforts are made to fight piracy. Could ebook piracy finally be waning? Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-01-09 00:00:00 UTC ]
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Author Starts Indiegogo Campaign to Buy Main Street

Although she has yet to make an offer, a local author and blogger launched an Indiegogo campaign Monday to raise $15,000 by February 5 to purchase Main Street Books in St. Charles, Mo. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-01-07 00:00:00 UTC ]
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Dohle Thanks PRH Employees for Great Start

In a brief year end note to Penguin Random House employees worldwide, CEO Markus Dohle thanked everyone for putting merger distractions aside did give the company a solid start. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-12-16 00:00:00 UTC ]
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Online start-up branches out into print

An online start-up in south London is launching a crowdfunded print version tomorrow. The Croydon Citizen is publishing a free news magazine, which will be distributed at the borough's railway stations and main shopping areas.Editor-in-chief James Naylor says the 16-page magazine, which will be... Continue reading at The Guardian

[ The Guardian | 2013-12-16 00:00:00 UTC ]
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Small Business Saturday Gives Indies a Strong Start

An informal survey of new and established bookstores finds that holiday sales should be up again this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-12-03 00:00:00 UTC ]
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Shanghai Children’s Book Fair: Off to a Great Start

First impressions count, and on the first day of China Shanghai Children’s International Book Fair, the heavy foot traffic just one hour into its opening bodes well for the inaugural event. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-11-07 00:00:00 UTC ]
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Bilton Twitter Book -- Co-Founder Jack Dorsey Almost Went to Facebook (And More!)

An excerpt from a forthcoming book on the birth of Twitter reveals surprising new details about the company's founders. Some not-so-pretty. Continue reading at AllThingsD

[ AllThingsD | 2013-10-09 00:00:00 UTC ]
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