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Third Point managing director doubles down on SBF investor fraud in trial testimony
Robert Boroujerdi, managing director at Third Point, testified on Thursday at Sam Bankman-Fried’s trial in assistance with the government’s case to try and find the defendant guilty on seven counts related to fraud and money laundering. Boroujerdi formerly served as the head of global securities research at Goldman Sachs. He testified that while he got…
Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund
Third Point, the activist hedge fund run by Daniel Loeb, is busy in the waning days of 2020. It’s had great returns despite huge turbulence early in the pandemic —…
Walt Disney announces reorganization to focus on streaming
Disney is going all-in on streaming media. On Monday, the company announced a massive reorganization of its media and entertainment business that will focus on developing productions that will debut…
Lyft Raises $250 Million From Coatue, Alibaba, And Third Point To Expand Internationally
Lyft has officially closed a huge, $250 million round of funding that it will use to aggressively expand its on-demand ride-sharing service in the U.S. and internationally.
Yahoo Buys Back 40M Shares From Hedge Fund Third Point ($1.2B In Value) As Loeb, Wilson And Wolf Resign From Board
Looks like Yahoo is trying to take control of its own destiny once again. The company today announced that it would repurchase 40 million shares owned by the hedge fund…
