‘They Fire, We Hire’ – Germany Seizes On Silicon Valley’s Gloom
Faced with a tight labor market and a shortage of workers with essential software engineering skills, some German firms are considering thousands of job cuts in Silicon Valley as an ...
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Twitter Struggling To Maintain Most Active Users, Internal Documents Show
"Is Twitter dying?" billionaire Elon Musk pondered in April, five days before putting in a bid to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research ...
Bitwise Unleashes Web3 ETF For Institutional And Retail Investors
The ETF tracks the Bitwise Web3 Equities Index, with more than 85% exposure to firms in Web3. On October 3, Bitwise Asset Management announced its new exchange-traded fund (ETF) to ...
PlayStation Considers New Investment For PC, Mobile Push
Sony Group Corp's (6758.T) gaming business is eyeing fresh investment to boost its push into PC and mobile, a senior executive said, as the PlayStation 5 smashes new records as ...
Wall Street Rally Boosted NASDAQ By 20% From Lows As Inflation Fears Subside
Summary Fed now seen delivering 50 bps hike in September U.S. consumer price growth slows in July Musk sells Tesla shares worth $6.9 bln Volatility index closes at four-month low ...
Alphabet, Microsoft Results Increase Hopes About Big Tech Surviving Current Slowdown
Alphabet Inc (GOOGL.O) and Microsoft Corp (MSFT.O) results triggered a relief rally on Wednesday in growth shares and heavyweight technology as investors showed confidence in Big Tech’s ability to steer ...
Meta May Shut Down Novi Wallet After A 10-Month Pilot
Meta’s first foray into the crypto world is expected to end in September with the shutdown of its Novi wallet pilot project. Novi wallet’s website landing page has been revamped ...
Sheryl Sandberg To Resign As COO Of Facebook Parent Firm Meta
Sandberg joined the company in 2008 and will resign from the company this fall, although she will remain on Meta’s board. Sheryl Sandberg, the chief operating officer of Facebook and ...
Meta’s Instagram To Test NFTs This Week
Meta Platforms Inc which owns Instagram has decided to join the nonfungible tokens (NFTs) party and is expected to test its digital collectibles later in the week, according to chief ...
Meta Adopts Bitcoin After Their Stablecoin Failed
After many years of trying to launch its stablecoins, Meta (previously Facebook) adopted Bitcoin and its Lightning Network. The tech behemoth has also launched a new firm, LightSpark, backed by ...