Amazon’s Twitch, is reportedly set to lay off approximately 35% of its workforce, amounting to around 500 employees. This comes as the platform struggles with financial challenges and struggles to achieve profitability, even nine years after its acquisition by Amazon for nearly $1 billion.
The US national debt has skyrocketed to a $34 trillion, a milestone in the nation’s financial history. The pace at which this debt has accumulated questions about the economic stability that lie ahead.
Bitcoin soared above $45,000 on Tuesday, making its highest level since April 2022. The surge is attributed to a combination of factors, including optimism surrounding the approval of exchange-traded spot bitcoin funds (ETFs) and rising expectations of interest rate cuts by major central banks.
Francoise Bettencourt Meyers, the heiress of the L’Oréal empire, has become the first woman to amass a fortune exceeding $100 billion. The success of L’Oreal SA, the beauty products empire founded by her grandfather, Eugene Schueller, in 1901.
Coca-Cola has extended its partnership with the International Cricket Council (ICC) for eight years, making its status as one of the longest standing brands associated with cricket. The global partnership, from 2019 to 2031, was officially sealed at the ICC’s headquarters.
Bird has filed for Chapter 11 bankruptcy, Founded in 2017 by Travis VanderZanden, a former executive of Lyft and Uber, Bird became a pioneer in the micromobility space. However, the company’s fortunes took a turn after going public in 2021 through a SPAC merger.
Trevor Milton, the founder of electric and hydrogen-powered truck maker Nikola, has been sentenced to four years in prison for his role in defrauding investors. The sentencing took place on Monday, December 18, 2023, in the U.S. District Court in Manhattan.
SafeMoon officially filed for Chapter 7 bankruptcy. The cryptocurrency’s price has plummeted by 18%, reaching new lows as the company officially files for Chapter 7 bankruptcy. This development follows a series of setbacks, including the arrest of SafeMoon’s CEO and CTO by the US Department of Justice (DOJ) for defrauding customers.
Recent reports suggest that Elon Musk is set to start a new educational journey by establishing a school and a university in Austin, Texas. The entrepreneur has pledged a $100 million to kickstart this initiative, aiming to create an educational institution focused on Science, Technology, Engineering, and Mathematics (STEM) subjects.
Netflix revealed the viewership figures, presenting a report covering all of its shows and movies. This departure from the company’s longstanding practice of keeping such data confidential. The release of the inaugural What We Watched: A Netflix Engagement Report is set to become a semiannual tradition.
