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Big Tech Companies Are Testing How Far They Can Slash Staff - Vimarsana News

Big Tech Companies Are Testing How Far They Can Slash Staff

Even as Elon Musk has upended Twitter, the site, with thousands-fewer employees, is still functioning. Meta, Google, and Amazon are operating with dramatically scaled-back workforces. With AI on the rise, the industry may not be getting these jobs back.

Jack Dorsey's Block Suffers Plummeting Share Price Amid Claims It Enabled Fraud, Inflated User Stats - Vimarsana News

Jack Dorsey's Block Suffers Plummeting Share Price Amid Claims It Enabled Fraud, Inflated User Stats

Former Twitter CEO Jack Dorsey's payment processing firm Block suffered a stock price drop of 15 percent this week after claims by Hindenburg Research that the company has facilitated fraud and inflated its user numbers. Researchers were reportedly able to set up a Cash App account in the name of former President Donald Trump, and even secure a Cash App card with his name on it.

Hindenburg report: Dorsey poorer by $526m in stock rout - Vimarsana News

Hindenburg report: Dorsey poorer by $526m in stock rout

Former Twitter co-founder and CEO Jack Dorsey was left poorer by $526 million after short-seller Hindenburg Research revealed that his digital payment company…

Source: biztoc.com
Jack Dorsey Loses $526 Million on Single Day After Hindenburg Says Block Facilitates Fraud - Vimarsana News

Jack Dorsey Loses $526 Million on Single Day After Hindenburg Says Block Facilitates Fraud

After his worst single-day decline, Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index.

Source: ibtimes.sg
Hindenburg report wipes out $526 mn from Jack Dorsey's worth - Vimarsana News

Hindenburg report wipes out $526 mn from Jack Dorsey's worth

Former Twitter co-founder and CEO Jack Dorsey was left poorer by $526 million after short-seller Hindenburg Research revealed that his digital payment company Block facilitates fraud against consumers and the government.After his worst ...