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Elon Musk's Twitter And Apple Are Currently On A Path Of Collision

Since taking over Twitter last month, Elon Musk has announced significant, albeit perplexing, plans for the social network.   Musk wants to significantly increase the company's subscription revenue while also allowing more "free speech," which appears to mean restoring previously banned...

Credit Suisse Expects A $1.6 Billion Loss In Q4, Set To Speed Up Its Strategy Overhaul

Credit Suisse forecast a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss on Wednesday as it embarks on a massive strategic overhaul.   Last month, the beleaguered lender announced a slew of measures aimed at addressing persistent underperformance in its investment bank as well as...

Bankman-Fried's FTX And Parents Purchased $121 Million Property In Bahamas Property: Reuters

According to official property records, Sam Bankman-FTX, Fried's parents, and senior executives of the failed cryptocurrency exchange purchased at least 19 properties in the Bahamas worth nearly $121 million over the last two years.   The majority of FTX's purchases were luxury beachfront...

Elon Musk Says The Relaunch Of Twitter Blue Has Been Postponed

Elon Musk, the CEO of Twitter, announced on Monday evening that the company intends to postpone the relaunch of its $8 per month Blue Verified service. According to Musk, Twitter will "likely use a different color check for organizations than for individuals."   Twitter Blue, which Musk...

Coinbase Stocks Touch Lowest Since Debut Over Investor Fears Of FTX Collapse Contagion

Right at the beginning of this week, shares of crypto exchange Coinbase touched its lowest value since its IPO was launched in April 2021, as the trend of the slide of the stocks continued.     The 8% slide in its shares on Monday comes as bitcoin's slump continues, and investors are...

Trump Criticises Twitter Following Musk Announcing The Account Of The Former US President Is Active

In a poll run by the new owner Elon Musk, Donald Trump said on Saturday that he had no interest in returning to Twitter, despite a slim majority of voters supporting his reinstatement after being banned for inciting violence.   51.8% of the slightly more than 15 million Twitter users who...

Global Business Of FTX Will Be Sold Or Restructured, CEO Claims

Even as Bahamian regulators and FTX argue in court filings and press releases about whether the bankruptcy filing should take place in New York or Delaware, the bankrupt cryptocurrency exchange said on Saturday that it is looking to sell or restructure its vast global empire.   “Based on our...

Twitter's Potential Disintegration As A Result Of Engineers Leaving Because Of Elon Musk's Severance Policy

According to reports citing data from business insiders and programmers who were fired or resigned this week, Elon Musk, the new owner of the microblogging website Twitteractions’ at the company soon after he acquired it has caused an exodus of software engineers who keep the world's de-facto...

Elon Musk Has Stated That He Will Find A New Chief For Twitter

Elon Musk said on Wednesday that he expects to spend less time at Twitter and eventually find a new leader to lead the social media company, and that he hopes to complete an organizational restructuring this week.   Musk made the comments while testifying in a Delaware court to defend...

Bankman-Fried Claims That Declaring FTX Bankrupt Was A Mistake: Reports

Sam Bankman-Fried, the founder of the defunct crypto exchange FTX, said in an interview with Vox that he regretted his decision to file for bankruptcy and criticized regulators.   Later on Twitter, Bankman-Fried stated that the basis of the interview, an exchange of messages on the same...

Amazon Will Cut Down Thousands Of Jobs In The Company: Report

Amazon.com Inc plans to lay off around 10,000 employees in corporate and technology roles starting this week, according to reports quoting people familiar with the matter. If these reports turns out to be true, it would be the largest such reduction to date that will be made by the company.  ...

Warren Buffett's Berkshire Hathaway Discloses Owning Stake In Chip Maker TSMC Worth $4.1 Billion

Berkshire Hathaway Inc announced the purchase of more than $4.1 billion in stock in Taiwan Semiconductor Manufacturing, marking the conglomerate's first significant foray into the technology sector.   The news enhanced investor sentiment for the world's largest contract chipmaker, which...
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