Monthly Archives: November 2022

An ex-Twitter manager says she received a 10-year anniversary gift from the company days after she lost her job amid ‘brutal’ layoffs

Twitter laid off approximately 50% of its staff, following Elon Musk’s takeover. Getty Images A former Twitter manager said she was sent a work anniversary gift after being laid off. Elaine Filadelfo, who had worked on the Consumer Insights team, shared details on Twitter. Twitter laid off approximately 50% of its staff on Friday after…

The Fed will pull ahead in the ‘reverse currency war’ and squeeze the dollar even higher after a strong jobs report, Goldman Sachs says

The dollar’s dominance of other currencies will continue as the latest jobs report gives the Federal Reserve license to carry on tightening, Goldman Sachs said. SOPA images US jobs strength gives the Federal Reserve scope to keep hiking interest rates, Goldman Sachs said. That should cement the surging dollar’s dominance and keep the Fed ahead…

‘Dr. Doom’ Nouriel Roubini warns the S&P 500 could plunge another 30% – and the US economy faces a long and painful recession

Nouriel Roubini. Tom Williams/Getty Images Nouriel Roubini warned the S&P 500 could plunge another 30% before it bottoms out. The “Dr. Doom” economist said the US is likely to endure a deep, extended recession. Roubini predicted stubborn inflation, lower growth, and headaches caused by huge amounts of debt. US stocks could plunge another 30% as…

Jack Dorsey criticizes Elon Musk’s decision to rebrand the Birdwatch feature to Community Notes, saying it’s the ‘most boring Facebook name ever’

Twitter founder Jack Dorsey (left) and Elon Musk, the current owner of Twitter. Dimitrios Kambouris/Getty Images for The Met Museum/Vogue/Joe Raedle/Getty Images Elon Musk and Jack Dorsey failed to see eye-to-eye on the name of a Twitter feature that flags misleading posts. Musk renamed Birdwatch to Community Notes but Dorsey said it was “the most…

Meta stock climbs as the Facebook parent reportedly joins Twitter and other tech firms with massive layoff plans

Mark Zuckerberg. Charles Platiau/Reuters Shares of Meta rose Monday after The Wall Street Journal reported mass layoffs are hitting the Facebook parent this week. The job cuts are expected to impact thousands of employees and could be announced as soon as Wednesday, per the report.  Meta joins Twitter, Lyft, Amazon and other tech companies that…

Blockchain technology key to Square Enix’s growth, financial results show

Blockchain technology is seemingly key to Square Enix’s growth strategy. The company has released its latest financials, with once again a drop in overall sales propped up by the success of MMORPG Final Fantasy 14. Yet the prominence of blockchain technology is particularly eye-opening. Read more /format/jpg/quality/80/square-enix-logo.jpeg” title=”Blockchain technology key to Square Enix’s growth, financial…