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Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline. … Read more
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Global remittance and money-transferring business Remitly saw its stock price fall more than 2% this week after short-seller Spruce Point Capital Management published a short report listing a litany of allegations against the $4 billion Nasdaq-listed fintech. According to Spruce Point’s report, Remitly’s customer testimonials are “dubious” and play a significant role in its thesis … Read more
“The reported data are people in our records with a Social Security number who do not have a date of death associated with their record. These individuals are not necessarily receiving benefits,” said acting SSA commissioner Lee Dudek. Read More
US Treasury Department and White House officials have repeatedly denied that technologists associated with Elon Musk’s so-called Department of Government Efficiency (DOGE) had the ability to rewrite the code of the payment system through which the vast majority of federal spending flows. WIRED reporting shows, however, that at the time these statements were made, a … Read more
Bay area founder Alexander Charles Beckman and his wife Valerie Lau were arrested in San Francisco and face federal charges. Read More
He’s also suing Nexstar Media over its cable network NewsNation, which aired Courtney Burgess’ allegations without looking into whether they were true. Read More
President-elect Donald Trump is currently trying to get his cabinet nominations approved and that includes one of his most controversial picks: Robert F. Kennedy Jr. RFK has been selected to run the Department of Health and Human Services, which is a little bit like if Trump had selected Alex Jones to head the Corporation for … Read more
Blake Lively, Justin Baldoni Dave Benett/WireImage ; Phillip Faraone/Getty Images Justin Baldoni allegedly claimed to It Ends With Us costar Blake Lively that he could speak to the dead — including her late father. Lively, 37, filed a sexual harassment lawsuit against Baldoni, 40, on Friday, December 20, which included allegations against him such as … Read more
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