Elon Musk Top Tech News Today: More Facebook Layoffs Are Likely, CEO Mark Zuckerberg Puts Managers On Notice! Elon Musk Includes Crypto In The Twitter Payments Platform Mark Zuckerberg has put some middle managers on notice says a report! Read more tech news Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: The Head of Mental Health at Google Was One of the 12,000 Employees Laid Off by the Company.Fast-Track Insights: A Charity Associated With FTX is Under Investigation By the Body In Charge of Overseeing Registered Charities In England and Wales.Meta CEO Mark Zuckerberg lay off 11,000 staff shortly after Elon Musk sacked thousands of Twitter employees.It appears that more Meta employees may be laid off soon.According to a recent storey, Zuckerberg has called out certain middle management.This suggests that additional layoffs at the tech firm are on the way.To recall, Zuckerberg laid off 11000 people worldwide in November of last year due to difficult macroeconomic conditions.According to the newsletter Command Line, Zuckerberg has now put numerous intermediate managers on notice.
According to the newsletter, the Meta CEO admonished several of these managers at a recent all-hands meeting.Kristin Maczko, Google’s director of worldwide mental health and well-being, revealed that she was let go after 15 years with the firm.Maczko was one of 12,000 employees thrown off by Microsoft earlier this month to save costs amid uncertain macroeconomic conditions.Maczkoo also stated that Google has fired “several workers on the Mental Health and Well-being team.” Many impacted Googlers have taken to social media in recent days to relate their experiences in the midst of widespread layoffs.
There have been several additional incidents where employees with more than 15 years of service have been laid go.Not only Google, but also Microsoft, Meta, and Amazon, have laid off thousands of employees in the last two months.
Everyone was taken aback a few days ago when Google announced layoffs and a decision to eliminate up to 12,000 jobs globally.Sundar Pichai, CEO of Google, announced the news and took “full responsibility” for it.Sundar Pichai, who announced the layoffs in a message to all employees, stated that anyone affected will receive full support from the company during this difficult time.The Google CEO, on the other hand, received a big pay raise in December 2022, just weeks before the decision to terminate workers was publicized.
By this time, reports of impending job layoffs at Google had also appeared, and the business had begun to more rigorously evaluate employees’ performance.Elon Musk’s big plan for Twitter payments is moving along.In an effort to establish revenue streams other than advertising, the company has begun the application process for state licenses in the United States.
Earlier, Tesla CEO Elon Musk delivered a full outline of Twitter’s strategy to enter the payments market during a meeting with Twitter advertisers, which was live-streamed on Twitter.The new owner of the social media platform has hinted that users will be able to transfer money to one another on the platform, withdraw funds to verified bank accounts, and possibly be offered a high-yield money market account to encourage them to transfer their cash to Twitter in the not-too-distant future.The commission in charge of supervising registered charities in England and Wales has revealed that it has initiated an investigation into Effective Ventures Foundation, an organisation associated with the insolvent cryptocurrency exchange FTX.The Charity Commission announced the investigation on January 30th, citing FTX as a “major funder” of Effective Ventures.
According to the commission, Effective Ventures declared its ties to FTX as a “serious occurrence” that could have an impact on other assets, allowing the regulator to examine its trustees.“At this point, there is no indication of misconduct by the trustees,” the commission stated.“However, there are signs of potential hazards to the charity’s assets, and the investigation has been launched to establish facts and assist the trustees in protecting the charity’s assets.” Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.By using this, you agree that the information does not constitute any investment or financial instructions.Do conduct your own research and reach out to financial advisors before making any investment decisions.
– Elon Musk’s Twitter plans on bringing payment services that could add support to crypto – Dogecoin registered a rise in its value following the report Dogecoin (DOGE), Elon Musk’s go-t0 cryptocurrency, has seen a rise in its value over developments happening at Twitter.According to a report by Financial Times, Twitter has been designing software to bring in payments service on the platform.And, this platform could extend support to crypto.Read Price Prediction for Dogecoin [DOGE] for 2023-24 Payments services coming to Twitter In addition, the social media giant has been applying for licenses in various states in the United States.Twitter had previously registered itself as a payment processor with the US Treasury Department in November 2022.
The firm also expects to complete all the licensing procedures by the end of this year.
Notably, the project is spearheaded by Esther Crawford – chief executive of payments at Twitter.The team is reportedly designing a vault for storing and protecting users’ information, which will be collected by the payments platform.Moreover, the report states that Musk wants the payments platform to be fiat centric.But, it would be built in a way that it could extend support to cryptocurrencies in the future.Furthermore, Musk revealed plans on bringing payments services to Twitter back in October 2022.The Tesla CEO wants Twitter to offer financial services such as savings accounts, offering debit cards, and more.
His grand plan for Twitter is to make it an everything app, with Musk stating that “Twitter probably accelerates X by 3 to 5 years, but I could be wrong”.According to CoinMarketCap, the popular meme-coin was trading at $0.0911 at press time.Since the news broke, DOGE recorded a rise of over 3 percent in the past 1 hour and had a market cap of over $12 billion.Tesla leaves its Bitcoin investment untouched Subsequently, Musk’s Tesla continues to hold on to its Bitcoins (BTC).According to the recently disclosed Q4 report, the firm did not buy or sell any Bitcoins during the last months of 2022.However, its Bitcoin holdings did record some losses, with the coin shedding $33 million of its value from Q3.
Tesla’s BTC was worth $184 million in Q4, while the same stood at $218 million in Q3.Notably, the company first invested in BTC back in 2021, but the firm sold over 75% of its $1.2 billion investment in mid-2022.Elon Musk Top Tech News Today: For Elon Musk’s Whims, Twitter’s Head Of Trust And Safety Ditches Protocol! According To A New Filing, FTX Creditors Include Netflix, Apple, Binance, And Coinbase Twitter’s head of trust and safety breaks protocol to appease Elon Musk’s whims! Read more tech news Good Morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Report: Start-Ups Claim Google is Using “Delaying Tactics,” and Policy Changes are “Cosmetic In Nature.” Fast-Track Insights: Bitcoin Miner Sales Fall to Three-Year Lows as Capitulation Fears Disappear – What Does This Mean for the Price of Bitcoin? Ella Irwin arrived with a pep talk on a day when hundreds of Twitter Inc.employees were debating whether to resign.
Elon Musk had offered her a promotion on the battlefield to manage trust and safety, the division in charge of limiting harmful posts on the network.Employees at Twitter had a little more than an hour to decide whether to click “yes” on a form Musk sent out, requesting that they declare their willingness to do their jobs in “hardcore” mode, or quit.According to three people who attended the meeting at the company’s headquarters in San Francisco, Irwin encouraged the team to stay and find a way to collaborate with Musk.Employees needed to adjust to his unconventional methods, she said, and support how he wanted to lead the company.
Some employees were troubled by her pitch.As the search giant continues its appeal against the Competition Commission of India’s October order, Indian internet start-ups have labelled Google’s recent changes to its Android operating system and Play Store Billing policies as “delaying tactics” that are “cosmetic in nature” (CCI).Google is following the “same playbook” that it used in Europe and South Korea, developers told ET, and is exploiting “loopholes” to demonstrate compliance with the orders that were to take effect on January 26.This came after the Supreme Court extended the January 19 deadline by one week.
Local internet entrepreneurs argue that by delaying the implementation of CCI-mandated changes, Google is continuing to “harm the Digital India ecosystem” and should be held “accountable.” Indian internet start-ups have labelled Google’s recent changes to its Android operating system and Play Store billing policies as “delaying tactics” that are “cosmetic in nature,” as the search giant continues its appeal against the Competition Commission of India’s October order (CCI).Google is following the ‘same playbook’ as it did in Europe and South Korea, exploiting “loopholes” to demonstrate compliance with the orders that were to take effect on January 26, developers told ET.This came after the Supreme Court extended the January 19 deadline by a week.Local internet entrepreneurs argue that by delaying the implementation of CCI-mandated changes, Google continues to “harm the Digital India ecosystem” and should be held “accountable.” According to court documents, the bankrupt crypto exchange FTX owes money to Apple, Binance, Coinbase, Netflix, and others.The names appeared on the extensive FTX creditor list that was made public.The 116-page document features a slew of well-known corporations and highlights FTX’s vast reach.
The list includes institutions, media companies, and other cryptocurrency exchange platforms, as well as 9.7 million redacted customer names.Media companies Fox Broadcasting, Fox Sports, The Wall Street Journal, Fortune, Medium.com, and CoinDesk, IT management company Cloudflare, crypto hedge fund Galaxy Digital, and various universities, airlines, countries, US states, and US regulatory agencies are among those owed money by FTX.According to data cited earlier this week by Bitfinex analysts, Bitcoin miners are slowing the rate at which they sell the world’s largest cryptocurrency by market capitalization.Bitfinex reported that BTC flows from miner wallets to exchanges are at a three-year low, citing on-chain data from the crypto analytics platform Glassnode.
“It is a potential indication that miners are now either already transitioned or in the process of transitioning to a source of buying pressure,” the analysts continued, before adding that miners might be “holding their bitcoin because they anticipate further (price) rises”.The post Top Tech News Today: For Elon Musk’s Whims, Twitter’s Head of Trust and Safety Ditches Protocol! According to a New Filing, FTX Creditors Include Netflix, Apple, Binance, and Coinbase appeared first on Analytics Insight.
Advertising Spending on Elon Musk’s Twitter Plummets Advertising Spending On Elon Musk’s Twitter Plummets Advertising spending on Elon Musk’s Twitter plummets as top advertisers slashed advertising According to statistics from an advertising research company, prominent advertisers cut down on their spending on the social media platform after Elon Musk’s Twitter takeover, causing a 71% decrease in advertising expenditure on Twitter Inc.in December.The latest data from Standard Media Index (SMI) comes as Twitter works to stop the migration of advertisers.
To win back advertisers, it has launched several programs, including some free advertisements, the easing of a restriction on political advertising, and giving businesses more discretion over the placement of their commercials.Despite these months often being a period of increased ad expenditure as firms advertise their products over the holiday season, according to the SMI data, ad spending on Twitter in November decreased by 55% from the previous year.According to estimates from another research firm Pathmatics, the majority of the enterprises had halted spending in November, the same month that Musk reinstated suspended accounts and offered a paid account verification that led to con artists posing as businesses.According to Pathmatics estimates, 14 of the top 30 Twitter advertisers suspended all advertising on the service when Musk assumed leadership on October 27.Musk addressed the problem of businesses halting advertisements in a Twitter Spaces event in November and said he understood if marketers “want to give it a minute.” Musk has also accused activist organizations of pressing advertisers to stop running advertising on social media platforms around the same period.
About 90% of Twitter’s revenue comes from ad revenues.According to information presented at a staff meeting last week by a top Twitter ad executive, the company’s fourth-quarter income decreased by around 35% year over year as a result of a decline in advertising.The post Advertising Spending on Elon Musk’s Twitter Plummets appeared first on Analytics Insight.Top posts Crypto1 hour ago Britain Announces Plans For ‘Robust’ Crypto Rules, Launches Consultation The U.K.has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its…
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