Netflix CEO once handed out army berets to his execs in response to an insult from the former Time Warner boss, and it shows the rivalry between Netflix and HBO stretches over a decade

Hastings. Ken Ishii / Stringer / Getty Former Time Warner CEO Jeffrey Bewkes implied Netflix was overrated in a 2010 interview. A new book about HBO reveals that Netflix CEO Reed Hastings took the comments in stride. The incident highlights the years-long back-and-forth between Netflix and HBO. The rivalry between Netflix and HBO stretches further…

Ex-Vine staffers warn that the app’s whole code will need to be rewritten and joke that Elon Musk should relaunch it with 69-second videos

Elon Musk’s plans to revive Vine have prompted the app’s creators to weigh in. Carina Johansen/NTB/AFP via Getty Images. Hoch Zwei/Corbis via Getty Images. Ex-technical lead at Vine warns that the app’s whole code will need to be rewritten if Elon Musk wants to revive it. Some of the code for Vine is a decade…

Goldman Sachs lays out 3 reasons why the Fed won’t pivot, but will keep hiking into 2023

The Federal Reserve will publish its latest interest rate decision Thursday. Alex Wong/Getty Images The Federal Reserve will carry on hiking interest rates after its February meeting, Goldman Sachs said. The US central bank is expected to hike by 75 basis points Thursday as it battles soaring prices. It will keep raising rates because of…

Twitter staff have been told to work 84-hour weeks and managers slept at the office over the weekend as they scramble to meet Elon Musk’s tight deadlines, reports say

Michael Gonzalez/Getty Images Twitter managers have told some staff work 12-hour shifts, seven days a week, CNBC reported. Some managers told The New York Times they slept at Twitter’s office on Friday and Saturday nights. Staff are trying to prove themselves amid the looming threat of layoffs under new owner Elon Musk. Staff at Twitter…

2 major Russia businessmen renounced their citizenship, condemning Putin’s invasion of Ukraine

Revolut CEO Nikolay Storonsky (L) and Tinkov Bank founder Oleg Tinkov (R). Olga Maltseva/AFP/Kimberly White/Getty Images for TechCrunch Revolut CEO Nikolay Storonsky and tycoon Oleg Tinkov renounced their Russian citizenship.  Storonsky revealed he he got a British passport and Tinkov declared his renunciation on Monday. Both businessmen have previously been critical of Russia’s invasion of…

Jerome Powell’s favorite bond-market gauge is on the verge of inverting, a sign of impending recession. That could mean a Fed pivot within months.

Fed Chair Jerome Powell. Reuters Jerome Powell’s preferred bond-market gauge is on the verge of inverting. If that happens, it would signal an impending recession and a Fed pivot by the spring of 2024. The Fed chair touted the predictive power of the short end of the yield curve earlier this year. Jerome Powell’s favorite…

The 47 most exciting tech products from the Exertis tech event

The UK’s leading technology distributor, Exertis, recently invited 24 world-leading brands to its annual technology showcase. During the event, companies across the globe unveiled a suite of advanced products and gadgets, from smart thermostats to smart lights and beyond. Now that one of the UK’s biggest technology events of the year is over, we can…