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Jane Street Accused Of Using Terra Telegram Backchannel Before UST Crash
Jane Street Accused Of Using Terra Telegram Backchannel Before UST Crash
Authored by Zoltan Vardai via CoinTelegraph.com,
A newly unsealed court filing in the Terraform Labs bankruptcy case alleges Jane Street used a private Telegram channel with former Terraform intern Bryce Pratt to obtain nonpublic information before the collapse of TerraUSD. Pratt is currently a systems developer at Jane Street.
The channel, called “Bryce’s Secret,” allegedly gave the quantitative trading firm a backchannel to Terraform insiders as Jane Street unwound exposure to TerraUSD (UST) shortly before the algorithmic stablecoin lost its dollar...
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Oct 12, 2026 / Tyler Durden
Netflix Reportedly Readies First Major Layoffs Since 2022, Cutting 5% Of Staff With Shares Down 42% In A Year
Netflix Reportedly Readies First Major Layoffs Since 2022, Cutting 5% Of Staff With Shares Down 42% In A Year
Continued wokeness does not seem to be working out well for Netflix, which is planning to cut about 5% of its workforce, with an announcement expected as early as next week, Puck News reported Friday, citing people familiar with the matter.
The company had about 16,000 full-time employees at the end of last year, so a 5% cut would mean roughly 800 jobs. It is not yet clear which departments would be hit,...
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May 10, 2026 / Tyler Durden
Earnings Estimate Revisions Are Very Optimistic
Earnings Estimate Revisions Are Very Optimistic
Authored by Lance Roberts via RealInvestmentAdvice.com,
💰 Earnings Estimate Revisions Are Very Optimistic
Last week, we discussed the S&P earnings record and why such record earnings could be a warning for the market. I want to continue that discussion by focusing not only on what has happened but also on what is expected to happen in the future. While the Q1 2026 earnings results are spectacular, so far, the earnings estimate revisions behind them are the real story.
The first-quarter 2026 earnings season is delivering results that Wall Street...
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Jul 2, 2026 / Jason Ditz
Cafe Bombing in Damascus Kills At Least 9, Wounds 20
Speculation has been running wild today in Damascus after a bombing in a cafe in the center of the city killed at least nine people and wounded some 20 others. The site was near the Justice Palace, the city’s main courthouse. As of yet, no group has claimed credit for the bombing, but the Interior […]
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