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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...

Elon Musk Claims He Is Overloaded With Pending Work

When asked about his recent purchase of Twitter and his role as CEO of the electric car maker Tesla Inc., billionaire Elon Musk responded that he was working "at the absolute most amount...from morning til night, seven days a week."   "I have too much work on my plate that is for sure,"...

GSK's Oncology Division Takes A New Hit As A Result Of The Zejula Setback

In order to prevent cancer in patients whose tumors carry specific mutations, the British company GSK announced that it would restrict the use of its ovarian cancer drug Zejula in the United States as a second line of defense.   The news represents the second setback this week for GSK's...

Major Advertising Agency Omnicom Advises Clients To Halt Twitter Advertising Spending: Reports

The advertising and marketing conglomerate Omnicom Group Inc (OMC.N) has advised clients to temporarily stop spending money on Twitter, according to reports quoting information from an internal memo. . Over 5,000 clients, including Apple and McDonald's Corporation, are served by Omnicom globally....
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