Wednesday, November 23, 2022

As Elon Musk cuts costs at Twitter, some bills are going unpaid

Once Musk took over the company, he refused to reimburse travel vendors for those bills, current and former Twitter employees said. Musk's staff said the services were authorized by the company's former management and not by him. His staff have since avoided the calls of the travel vendors.

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FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys say

In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has left an estimated 1 million creditors facing losses totaling billions of dollars.

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Sam Bankman-Fried's FTX, senior staff, parents bought Bahamas property worth $300 million

While it is known that FTX and its employees bought real estate in the Bahamas, where it established its headquarters in September last year, the property records show for the first time the scale of their buying spree and the intended use of some of the real estate.

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Worldwide tech slump may drag on IIT placements

Institutes expect fewer recruiters, major offers but will be less affected than others.

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Heady hikes on tech job switches seem to be over

New jobs still fetch about 30-35% hike in salaries, but they have fallen from a high of 100% amid layoffs, slowdown in economy.

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Tuesday, November 22, 2022

Disney's new CEO Bob Iger may have to cut costs as streaming loses money

Disney shocked investors late on Sunday evening by announcing the ouster of CEO Bob Chapek and appointing Iger, 71, to a two-year contract to return the company to growth.

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Elon Musk says Twitter is 'holding off relaunch of Blue Verified'



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Elon Musk says Twitter to hold off relaunching blue check verification

Twitter had paused its recently announced $8 blue check subscription service, as fake accounts mushroomed and had said Twitter's sought-after blue check subscription service will be relaunched on November 29.

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Experts flag data bill concerns; crypto exchanges seek new revenue streams

They said one of the most worrisome aspects of the bill is the broad exemptions the government has granted itself. Justice BN Srikrishna, who helped write the first draft of the Personal Data Protection Bill in 2018, agreed with this view

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Data Bill offers govt a lot of scope to expand powers, say experts

Experts say the subsequent rules will define the exact guardrails under which data will be governed in India

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Government wants ecommerce, hotel and travel platforms to reveal rating methodology

Government brings out standards for online reviews to minimise the chances of bias and fraudulent reviews

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IndiaAI Mission's three indigenous AI models target offline mobile access, secure use in critical sectors

Three indigenous artificial intelligence (AI) models launched under the Centre's IndiaAI Mission are being developed for applications ra...