It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.” Story Published at: March 14, 2023 at 01:32PM Continue Reading…
Meta to Lay Off Another 10,000 Workers
3 Lessons From Silicon Valley Bank’s Failure
Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall. Story Published at: March 11, 2023 at 08:32PM Continue Reading…
Silicon Valley Bank Collapse Sets Off Blame Game in Tech Industry
The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging. Story Published at: March 11, 2023 at 04:36PM Continue Reading…
Third Top FTX Executive Pleads Guilty in Fraud Investigation
Nishad Singh, an FTX founder, pleaded guilty to criminal charges and agreed to cooperate with prosecutors investigating Sam Bankman-Fried. Story Published at: February 28, 2023 at 06:06PM Continue Reading…
FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund. Story Published at: February 15, 2023 at 10:00AM Continue Reading…
Ex-Coinbase Employee Pleads Guilty to Insider Trading
The case was part of a crackdown on an old-school financial crime in the crypto world. Story Published at: February 7, 2023 at 07:45PM Continue Reading…
Microsoft Throws a Coming-Out Party for A.I.
Amid the tech industry’s worst slump in decades, industry leaders are predicting an era built on new chatbots and other types of artificial intelligence. Story Published at: February 7, 2023 at 06:43PM Continue Reading…
Dissecting Elon Musk’s Tweets: Memes, Rants, Private Parts and Echo Chamber
As he fights for free speech online and promotes his companies, the new owner of Twitter spends a lot of time replying to his fans. Story Published at: February 1, 2023 at 01:11AM Continue Reading…
Tech Layoffs Shock Young Workers. The Older People? Not So Much.
The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash. Story Published at: January 20, 2023 at 05:31PM Continue Reading…
Genesis, a Crypto Lending Firm, Files for Bankruptcy
Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried. Story Published at: January 20, 2023 at 06:45AM Continue Reading…