Discord confirmed on Thursday that it’s laying off 17% of its workforce, which equates to 170 employees, becoming the latest tech company to announce cuts.
Category: Technology
Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees
Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.
Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
Analysts anticipate that Coinbase’s stock will pare back gains in the months ahead as ETFs capture market share from crypto exchanges.
SEC’s account compromise was ‘not due to any breach of X’s systems,’ company says
Bitcoin prices shot up following the unauthorized post, but soon fell below $46,000 after the SEC clarified that it had not yet approved the bitcoin ETF.
Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs
Bitcoin wavered on Wednesday, trimming earlier losses after the SEC gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S.
Spot ETFs offer an easier and cheaper way to invest in bitcoin
Bitcoin spot ETFs offer a cheaper way to invest in bitcoin due to lower fees compared to some centralized crypto exchanges.
China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023.
Trend Micro lays off 2% of its global workforce
Trend Micro, which employed 7,582 employees as of June 2023, said it would lay off 2% of its worldwide workforce as part of a business transformation plan.
Elon Musk’s X to launch peer-to-peer payments this year
Elon Musk’s social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year.
Bitcoin slides after SEC social media account is compromised, sends false ETF approval post
The price of bitcoin fell during late afternoon trading Tuesday following a false report about the approval of a bitcoin exchange-traded fund.