Nov 17, 20222 minFTX begins bankruptcy procedures, speaks with authorities, names directorsCrypto-exchange collapsed FTX has appointed five new independent directors at each of its main companies, including Alameda research,...
Nov 15, 20222 minMeta, the parent company of Facebook, let go of over 11,000 employees. Since Facebook's founding by Mark Zuckerberg in 2004, the Silicon Valley business has constantly added staff members.
Nov 14, 20224 minThe Crypto Market's Lehman Brothers Moment & What Comes Next After FTX CollapseIt is estimated that more than 10 lakh people were unable to withdraw funds when FTX, the world's second largest cryptocurrency exchange,...
Nov 14, 20223 minIt's hardly surprising that a cryptocurrency exchange with $30 billion in assets went down in flamesAll of this has occurred during the previous fortnight. At first, rumours circulated that consumers' money had been moved from FTX to a...
Nov 12, 20224 minAmazon is the latest company to join the layoff trend, after Meta and Twitter.In response to the findings of a months-long review, the WSJ reports that Amazon has told employees in some unprofitable units to look...
Nov 11, 20222 minElon Musk takes control of Twitter, fires top executives including CEO Parag Agarwal.In November 2021, Parag Agrawal was chosen as the new CEO of Twitter. However, in less than a year, Elon Musk, Twitter's new owner,...