
Former HeadSpin CEO Manish Lachwani admitted he presented false revenue information to investors, from whom the company raised more than $100 million.
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The FDIC move came less than two hours after a decision by tech funding giant SV Financial Group, parent company of Silicon Valley Bank, to halt trading shortly after markets opened this morning on NASDAQ – after its stock collapsed in 24 hours from $176.55 to $39.25 per share – sent shock waves across financial markets worldwide.
Read More 14President Biden signed a law banning nearly 4 million federal employees from having TikTok on their government phones, over national security concerns. This week, New Jersey and Ohio joined at least 20 other states in restricting access to TikTok, amid fears that the Chinese government could use the app to spy on Americans. Will California jump on the TikTok ban bandwagon?
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