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“Tesla stock hits 2-year low after Elon Musk sells $4B shares” Tesla shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk disclosed he sold another $3.95 billion worth of shares in the electric-vehicle maker. Shares ended down 7.2% at $177.59, the lowest level since Nov. 23, 2020. Musk’s latest share…
Elon Musk Seeks to Reassure Skeptical Twitter Advertisers: “I Understand If People Want to Give It a Minute” In a freewheeling virtual town hall with the advertising community on Wednesday, Twitter’s new owner Elon Musk sought to assuage concerns from advertisers about the future of the platform, touching on topics like his ultimate goal for…
“Elon Musk to meet with Twitter advertisers as tensions rise: report” Billionaire Elon Musk will reportedly meet with select advertisers on Wednesday as Twitter scrambles to assuage concerns that have hammered its key source of revenue. Musk is slated to speak with a “vetted group” of advertising executives during an event for Twitter Spaces, the…
” Meta joins big tech layoffs, lets go of 11,000 employees “ The Facebook parent company Meta announced that about 13% of its current workforce has been cut in the first mass layoff in the company’s history. In a letter to his employees, Meta CEO Mark Zuckerberg announced the layoffs and also reiterated that the…
” FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter “ Sam Bankman-Fried, founder and CEO of the troubled cryptocurrency exchange FTX, appears to have retracted his words about the safety of client holdings on FTX. Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets…
” Crypto fans should get behind Elon Musk’s subscription model for Twitter “ Like many people, I was originally dubious of Elon Musk’s takeover of Twitter given his historic tendency to make bold promises but later back away. That said, there is merit to his idea of adding a subscription layer to Twitter and using…
“Twitter engineer says he was fired for helping workers prep for layoffs” A Twitter engineer claimed he was fired days after Elon Musk bought the social media site because he developed a tool that allowed workers to save important documents in anticipation of mass layoffs, according to a lawsuit. Emmanuel Cornet, a 41-year-old software engineer…
” FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX “ FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in the process of…
” DeFi faces criticism for denying user access based on wallet content “ While decentralized finance (DeFi) is expected to be an upgrade to traditional finance mechanisms, some believe that denying users access to decentralized exchanges based on their wallets is a backward move. In a tweet, entrepreneur Brad Mills criticized DeFi for denying users…
“Baltimore Sun says Twitter account was hacked” The Baltimore Sun said its Twitter account had been compromised after a slew of vulgar messages were tweeted out Monday afternoon. The publication apologized for any confusion and deleted the rogue tweets soon after they were discovered. The Sun acknowledged the issue and tweeted: “To our followers: Some…