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Gemini floating idea of asking founders to forgive loan, Blomberg says

Amid Gemini’s (GEMI) financial struggles, an idea being floated internally is asking founders Tyler and Cameron Winklevoss to forgive the $330M in loans they provided to the company, Olga Kharif of Bloomberg reports, citing a person familiar with the matter. Such a major decision would require the Winklevoss brothers approval, who control the majority of voting shares, the source added. Shares of Gemini are down 9% to $4.45 in late day trading.

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