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Salesforce cut hundreds of employees on Monday

Marc Benioff, co-chief executive officer of Salesforce.com Inc., speaks during a keynote at the 2022 Dreamforce conference in San Francisco on Sept. 20, 2022. Tens of thousands of techies will frolic through kitschy national park-themed decorations in San Francisco’s downtown this week as Salesforce Inc.’s annual Dreamforce conference returns in …

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Binance offers to buy FTX’s non-U.S. operations to fix ‘liquidity crunch’

Binance, the world’s largest cryptocurrency firm, has reached a deal with Sam Bankman-Fried’s FTX to buy the rival crypto exchange for an undisclosed amount. Binance CEO Changpeng Zhao tweeted Tuesday morning that “there is a significant liquidity crunch” at FTX and that after FTX asked for Binance’s help, they “signed …

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Lyft earnings Q3 2022

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft …

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Renault and Google team up to develop a ‘software defined’ vehicle

Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images French automaker Renault is partnering with Google to develop its cars like …

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Stock of e-commerce firm up in Indonesia debut

Indonesia Stock Exchange Bloomberg | Bloomberg | Getty Images Shares of Indonesian e-commerce company Blibli rose 4.9% in its Indonesian stock market debut Tuesday, in what was the country’s second-largest initial public offering this year.  Shares of PT Global Digital Niaga Tbk, which owns Blibli, climbed as high as 472 …

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Twitter investor Chris Sacca says Elon Musk is ‘alone right now’

Billionaire Chris Sacca Courtesy of Collision Conference Venture capitalist Chris Sacca, one of the first investors in Twitter and an early evangelist of the site, says Elon Musk needs people around him who are willing to “speak some truth to power” because the company’s problems are too big for him to …

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Take-Two Interactive (TTWO) Q2 2023 earnings

Take-Two stock dropped more than 15% in extended trading on Monday after the company reported fiscal second-quarter 2023 results. It said its outlook in the current quarter and for fiscal 2023 would be lower than previously expected. Here’s how the company did: Loss: $1.54 loss per share Revenue: $1.5 billion, …

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Meta stock up on report it’s set to begin mass layoffs

The Meta Platforms Inc. pavilion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, May 23, 2022. Jason Alden | Bloomberg | Getty Images Shares of Facebook owner Meta were up about 5% Monday following a Wall Street Journal report over the weekend saying …

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Civil rights leaders issue urgent call for advertisers to exit Twitter

Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters While Elon Musk complains publicly about advertisers abandoning Twitter due to activist pressure, a coalition of civil rights groups is escalating a call for brands to halt spending on the …

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Web inventor Tim Berners-Lee wants us to ‘ignore’ Web3

Sir Tim Berners-Lee, co-founder and chief technology of Inrupt, speaking at Web Summit 2022. Sam Barnes | Sportsfile via Getty Images LISBON, Portugal — The creator of the web isn’t sold on crypto visionaries’ plan for its future and says we should “ignore” it. Tim Berners-Lee, the British computer scientist …

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