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Welcome to Tech News Briefing. It's Tuesday, October 3rd.

I'm Zoe Thomas for the Wall Street Journal.

Sam Bankman Fried was once one of the most trusted names in crypto.

He and his company FTX were seen as saviors when the market for digital currencies started to slump last year.

But no more.

The 31-year-old founder is headed to court today to face more than half a dozen criminal charges.

In what prosecutors are calling one of the biggest financial fraud cases in US history.

We'll hear from our reporter, Alexander Ossipovitch, about how we got here and what we can expect from the trial.

But first, TikTok parent Bite Dance had an operating profit of more than $20 billion last year.

And has a total valuation of over $220 billion, according to a financial report shared with employees.

That valuation is down from $300 billion a year ago, according to our previous reporting.

But the rare look inside the private companies closely guarded finances.

Also shows Bite Dance turned around its business from losses a few years ago.

By rapidly increasing its revenues, while making significant cuts to its marketing, administrative, and research expenses.

Google used unfair tactics to cement its search engine as the market leader, according to rival Microsoft.

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