Citadel CEO Ken Griffin. Mike Blake/Reuters Ken Griffin said US inflation has probably peaked, but the Fed needs to squash the threat entirely. Citadel’s billionaire CEO expects about 4.5% unemployment and a recession next year. Griffin warned the collapse of Sam Bankman-Fried’s FTX has shaken investors’ confidence in markets. US inflation has likely peaked, but…
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Elon Musk, Twitter’s new owner. Muhammed Selim Korkutata / Anadolu Agency Twitter staff flooded internal Slack channels with salute emojis Thursday as Musk’s stay-or-go deadline passed. Employees had until 5 p.m. ET Thursday to commit to Musk’s “hardcore” vision of be laid off. Fewer than half of Twitter employees have accepted Musk’s ultimatum, Insider reported….
Elon Musk points, during a 2021 Tesla factory visit. Patrick Pleul/POOL/AFP via Getty Images) Elon Musk and his team were taken off guard by the number of staff who chose to take severance. With the workforce now 73% smaller than before his takeover, he tried to persuade key staff to stay. But as a deadline…
Many employees resigned from Elon Musk’s Twitter on Thursday. Picture Alliance/Getty Images Staff who didn’t sign up for Elon Musk’s “hardcore” Twitter say they still have access to systems. Twitter workers have speculated this is because the team that cuts off access have also resigned. Less than half of Twitter’s workforce wanted to sign up…
It’s Friday! We made it! Hooray! This is Matt Weinberger, writing to you from San Francisco. The week is drawing to a close, and with it, my time writing this newsletter. Monday’s edition of 10 Things in Tech will be written once more by your usual host, Jordan Parker Erb. Before I go, let me just…
Getty Images FTX’s bankruptcy filing shed new light on potential legal trouble for the crypto exchange and its former execs. New CEO John J. Ray III delivered a blistering assessment, calling FTX’s implosion “a complete failure of corporate controls.” Read some of the most incendiary parts of the bankruptcy filing and what experts say it…
Elon Musk’s stay-or-go ultimatum to Twitter staff appears to have prompted mass resignations. Getty Images More than half of Twitter’s remaining staff appear to have chosen to leave the company, Insider reported. Some took to Twitter to post bittersweet photos of company laptops emblazoned with blue bird stickers. Some stickers featured hashtags popular among Twitter…
A screenshot from a video tweeted by GOP candidate Lauren Boebert on November 17, 2022 Lauren Boebert/Twitter Lauren Boebert said she won her election despite the vote being in recount territory. No major network has called the race, which Boebert led by 501 votes as of early Friday. Boebert dismissed the idea that a recount…
Alex Kantrowitz Twitter has appointed Ella Irwin as its new head of trust and safety, The Information reported. Irwin replaces Yoel Roth, a senior executive who quit last week, after Musk’s takeover. Irwin had previously left Twitter in the first days of Musk’s tenure but has now returned, Bloomberg reported. Elon Musk’s Twitter appointed executive…
President Joe Biden (behind) and Saudi Crown Prince Mohammed bin Salman (front) arrive for a family photo in Jeddah, Saudi Arabia on July 16, 2022. MANDEL NGAN/POOL/AFP via Getty Images The Biden administration said Mohammed bin Salman gets immunity in the killing of a journalist. It made the argument after Jamal Khashoggi’s fiancée sued the…