#Elon Musk’s Twitter faces more legal action in severance flap

#Elon Musk’s Twitter faces more legal action in severance flap

“Elon Musk’s Twitter faces more legal action in severance flap” A trio of former Twitter employees are taking legal action against the Elon Musk-led company – alleging the billionaire “job killer” stiffed them on promised severance benefits following a sweeping round of layoffs. The former employees — Helen Sage-Lee, Adrian Trejo Nuñez and Amir Shevat –…

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#Michael Rubin’s Fanatics valued at B after new round of financing

#Michael Rubin’s Fanatics valued at $31B after new round of financing

“Michael Rubin’s Fanatics valued at $31B after new round of financing” Sports platform Fanatics has raised $700 million in a new financing round led by private equity firm Clearlake Capital, valuing Fanatics at $31 billion, sources familiar with the matter said on Tuesday. LionTree and existing investors Fidelity, Sliver Lake and Softbank also participated in the round, the sources…

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#BuzzFeed cutting 12% of workforce as CEO warns of downturn

#BuzzFeed cutting 12% of workforce as CEO warns of downturn

“BuzzFeed cutting 12% of workforce as CEO warns of downturn” BuzzFeed will cut about 12% of its workforce to rein in costs, the online media company said Tuesday, as it joins a growing number of US firms that have taken similar measures in anticipation of a potential economic downturn. As of Dec. 31, BuzzFeed had 1,522 employees across…

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#Goldman Sachs’ David Solomon eyes bargain crypto firms

#Goldman Sachs’ David Solomon eyes bargain crypto firms

“Goldman Sachs’ David Solomon eyes bargain crypto firms” Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to…

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#Abandon cryptocurrency, CNBC’s Jim Cramer tells investors

#Abandon cryptocurrency, CNBC’s Jim Cramer tells investors

“Abandon cryptocurrency, CNBC’s Jim Cramer tells investors” CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX’s catastrophic bankruptcy. Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000….

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#Oscar Mayer Ham & Cheese Loaf recalled over possible contamination

#Oscar Mayer Ham & Cheese Loaf recalled over possible contamination

“Oscar Mayer Ham & Cheese Loaf recalled over possible contamination” Approximately 2,400 pounds of the Oscar Mayer Ham & Cheese Loaf are being recalled over possible cross-contamination with under-processed products, according to the Department of Agriculture’s Food Safety and Inspection Service. The company’s ready-to-eat products were produced on Oct. 10 and shipped to distribution centers…

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