Tom Brady and Gisele Bundchen lost 1.7m shares in FTX collapse: Robert Kraft, Peter Thiel, also hit

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Techmeme: Sources: Tata Group's WeChat-like super app Tata Neu is expected to generate ~$4B in sales in the year to March 31, below the $8B goal set at the start of 2022 (

Techmeme: Court documents: New England Patriots owner Robert Kraft, NFL star Tom Brady, a Peter Thiel-tied trust, and more own FTX Trading stock, now considered worthless (Jeremy Hill/Bloomberg)

Techmeme: Supply chain software startup Flexport lays off 20% of its global workforce, or ~640 employees; the company raised $935M at an $8B valuation in February 2022 (Riley de León/CNBC)

Tom Brady and Gisele Bundchen lost 1.7m shares in FTX collapse: Robert Kraft, Peter Thiel, also hit

Techmeme: The deep problem with SPACs is the sponsors' 20% cut and the warrant holders' cut, paid by the target company or the SPAC shareholders, a bad deal either way (Matt Levine/Bloomberg)

Techmeme: UK-based Hack the Box, which wants to help train white hat hackers via its gamified service, raised a $55M Series B led by Carlyle and reports having 1.7M users (Ingrid Lunden/TechCrunch)