What is FTX & how does it work?

FTX offered futures pairs with margins up to 101x to long or short leading cryptocurrencies, allowing traders to take advantage of comparatively small price movements. FTX was incorporated in Antigua and Barbuda and had its headquarters in the Bahamas after moving from Hong Kong in September 2021.

How much is the New York Times X worth?

Haiyun Jiang for The New York Times X, the company formerly known as Twitter, handed out stock grants to employees on Monday that showed it was worth about $19 billion, down about 55 percent from the $44 billion that Elon Musk paid to buy the firm a year ago, according to internal documents seen by The New York Times.

What does X mean on Twitter?

Twitter is now called X, but that is not its ticker symbol. As a ticker symbol, X stands for the U. S. Steel Corporation (NYSE: X). To learn how to invest in U. S. Steel Corporation, read our dedicated guide. Summary: X (formerly Twitter) is one of the largest and culturally most relevant social media platforms.

What happened to FTX?

FTX was a centralized cryptocurrency exchange specializing in derivatives and leveraged products that filed for bankruptcy protection in the U.S. in November 2022. FTX's founder and former CEO was arrested in the Bahamas, extradited to the U.S. and released on a $250 bond in late December. He awaits trial on criminal charges in October.