TNB Tech Minute: FTX Founder Sam Bankman-Fried Is Sentenced

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 28 March 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus: Spotify is adding new features to promote University Music artists. And stock in software company MicroStrategy falls after a short seller said the company is overvalued. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OC at oracle.com
0:15.5	slash Wall Street.
0:18.6	Here's your TMB Tech Minute for Thursday, March 28th.
0:22.3	I'm Alex Osola for the Wall Street Journal.
0:25.2	FTS founder Sam Bankman-Freed has been sentenced to 25 years in prison. A jury last year found
0:31.3	bankman-freed guilty of stealing billions of dollars from FTS customers
0:35.2	and defrauding investors and lenders to his crypto firm Alameda Research.
0:39.2	The judge said Bankman Freed owes $11 billion in financial penalties, ordering the government to use properties
0:45.1	and assets seized from him to compensate victims.
0:48.9	Spotify will add new features to help universal music artists promote new releases and better engage with fans.
0:55.4	The two companies said in a joint statement that Universal Music Artists will be able to share
0:59.4	teasers of upcoming music on Spotify to build up excitement within their fan base in the run-up to a release.
1:05.2	Spotify will also distribute music videos in the US under a new agreement.
1:09.6	The companies didn't specify when the new features would be available
1:13.3	saying they would share more details in the near future.
1:16.8	And shares of software company Microstratogy, the biggest corporate holder of
1:21.0	Bitcoin, ended the day down 11% after Hedge Fund
1:24.4	Karisdale Capital said the company is overvalued. Microstratigies shares
1:28.8	have rallied recently largely due to the soaring value of cryptocurrency that the company owns.
1:34.0	The stock has nearly tripled this year, even reflecting today's sell-off.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.