Meta joins big tech layoffs, lets go of 11,000 employees
The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history. Go to Source Powered by WPeMatico
Elon Musk
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What Musk’s Twitter acquisition could mean for social media crypto adoption
A growing number of social media platforms have been integrating crypto and Web3 support, but opinions are divided on whether they are in it for the ethos or profit. Go to Source Powered by WPeMatico
Bitgo Reveals Wrapped Dogecoin Token Built on Ethereum
On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet. Bitgo Introduces … Read more
Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day
Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation … Read more
Dogecoin Jumps 116% Higher in 2 Weeks, King of Meme Coins Outperforms Leading Crypto Assets
Dogecoin, the king of meme coins, has been one of the best performing crypto assets during the last 30 days and ever since Elon Musk took over Twitter. Statistics show that dogecoin has risen 116.3% against the U.S. dollar during the last two weeks, and the token has situated itself in the eighth largest crypto … Read more
Here’s why Binance’s CZ invested in Twitter following Elon Musk acquisition
“Free speech is a prerequisite for having freedom of money, which we are building for,” said CZ, highlighting the importance of Twitter as a platform to voice opinions. Go to Source Powered by WPeMatico
Joe Biden unhappy with Elon Musk for buying a platform that “spews lies”
Biden attended a fundraising event in Chicago for upcoming elections, wherein he called out Elon Musk for purchasing Twitter. Go to Source Powered by WPeMatico
Crypto Biz: Was Celsius just a Ponzi after all?
The bankrupt crypto lender has been accused by customers of being a Ponzi. Meanwhile, Binance’s $500 million investment in Elon Musk’s Twitter has been confirmed. Go to Source Powered by WPeMatico
Dogecoin trader explains why shorting DOGE now makes sense
The independent market analyst will short Dogecoin even more if Elon Musk goes ahead with his plans to add DOGE payments to Twitter. Go to Source Powered by WPeMatico
Elon Musk faces class-action suit over mass Twitter layoffs
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.” Go to Source Powered by WPeMatico