Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse. Nansen research analyst Sandra Leow posted a thread on Twitter unpacking the current state of Decentralized Finance (DeFi), with a specific focus on the movement of ETH and stablecoins from … Read more
New York CNN Business — Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users wrote what they feared might be their last posts, offering apprehensive goodbyes and listing the other (more stable) social media platforms where they can still be found. They were reacting … Read more
Chinese authorities are recruiting workers from villages and busing them to Foxconn’s iPhone assembly lines after the Apple partner suffered a staff exodus from its central China factory last month during a Covid-19 outbreak. The problems at Foxconn’s Zhengzhou plant caused by Beijing’s strict zero-Covid regime forced Apple to cut estimates for high-end iPhone 14 … Read more
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX collapse has created a sense of uncertainty among large and retail investors alike, who are not very sure whether they should keep their funds on centralized exchanges … Read more
When Twitter’s new owner, Elon Musk, decided to lay off half the employees of the company he had just bought for $44 billion, it was obvious there would be issues. But in some cases, those who were told their services were no longer needed have faced a double indignity: They’re owed thousands of dollars from … Read more
(Bloomberg) — Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave. Many more workers declined to sign on than he expected, potentially putting Twitter’s operations at risk, according to people familiar with the matter. Most Read from Bloomberg So many employees decided to take … Read more
Twitter’s Advertising Exodus Accelerates, Despite Outreach From Elon Musk Source link
One Cathay Pacific pilot had been with the airline for more than five years and planned a long career. But at the end of September, he quit the Hong Kong carrier, packed up his belongings and headed to Australia for a lower-paying job at a flying academy. Cathay and its long-suffering pilots have been big … Read more
Stephen Fry has become the latest celebrity to quit Twitter, following Elon Musk’s disruptive arrival at the helm of the platform as its new owner, and reportedly joined the rising alternative social network Mastodon. The UK actor, broadcaster, comedian, and writer signalled his departure on Tuesday evening (November 8) by posting a photo of … Read more
Just a week after completing his takeover of Twitter, billionaire Elon Musk was hit with a class-action lawsuit Thursday over his attempt to fire roughly half of the social media company’s employees—a move that workers say violates California and federal laws requiring at least 60 days of notice for mass layoffs. The lawsuit was filed in … Read more