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Target has the best anti-Prime Day deals.
Amazon has launched its second Prime Day sale, offering customers up to $100 Amazon gift cards and free two-day shipping on orders over $70. Last year’s Prime Day sale was held on July 5 with free two-day shipping for eligible orders of up to $75. As per reports, the second sale will end on July…
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It took Sam Bankman-Fried less than a week to lose his fortune.
FTX has filed for bankruptcy in the US, a day after its entire staff of the FTX Future Fund, which says it has committed $160 million in grants, publicly quit. The group said they have ” fundamental questions about the legitimacy and integrity of business operations that were funding the FTX Foundation and the Future…
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The FTX collapsed.
FTX, the cryptocurrency exchange that has gone bankrupt, was founded in 2010 by a former trader named David. After David left FTX in 2016, he found a “safe and easy” way to get into crypto, according to an advertisement he saw in a newspaper. This week, FTX was on the brink of collapse after Chinese…
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FTX’s implosION was predicted by Larry David.
Cryptocurrency exchange FTX, founded by 30-year-old Sam Bankman-Fried, filed for bankruptcy in the US on Friday, marking the downfall of one of the biggest and most powerful players in the crypto industry. The company said FTX was essentially beyond saving and that was the reason it backtracked on its earlier promise to explore a rescue.…
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FTX will collapse, predicted Larry David.
FTX, the world’s biggest cryptocurrency exchange, has been shut down by its founder Sam Bankman-Fried. The Miami Heat NBA franchise, which owns FTX, said it was forced to shut its doors as it couldn’t open its accounts due to liquidity constraints. Bankman-Fried had put up $1 billion to bail out firms and shore up assets…
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According to the Wall Street Journal, Meta is planning significant layoffs.
Facebook-parent Meta is planning to fire the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession, The New York Times reported. Last month, the company posted a revenue decline and reported a halving of its profit from the previous year. The drop in profitability…
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According to the Wall Street Journal, Meta is planning significant layoffs.
Metaweb Services is reportedly planning to cut thousands of jobs in US as early as this week. In May, the firm announced that it was cutting 11,000 jobs, or 13% of its workforce. The job cuts are expected to impact thousands of workers and could begin as early as this week, the Wall Street Journal…
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Meta is planning significant layoffs, according to the Wall Street Journal.
Following reports that Amazon is planning to reduce its workforce, a spokesperson said, “As part of this year’s review, we’re of course taking into account…macro-environment and considering opportunities to optimise costs.” Last week, Apple CEO Tim Cook had said, “We’ll be taking a look at our spending going forward.” Earlier, Facebook CEO Mark Zuckerberg said…
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Amazon will invest 1 billion bucks to improve its delivery fleet.
Amazon has partnered with electric vehicle distribution network (EVDs) Rivian to create its fleet of electric delivery vehicles (EVs) in several parts of the US and Europe. Amazon and Rivian said that the investment will help install more public EV chargers in Europe, as well as serve as an incentive to the auto industry to…
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Musk doesn’t want the website to become a free-for-all hellscape.
Twitter CEO Jack Dorsey was questioned by the SEC over the company’s proposed $4 billion deal with Elon Musk and whether he had knowledge of it, reports said. Dorsey said he didn’t know about the deal when it was offered to him, reports added. “I didn’t believe it at all,” Dorsey said. This comes after…
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TikTok denies a plan to track specific US citizens using its app.
TikTok-parent ByteDance plans to monitor at least two Americans who “had never had an employment relationship” with the company, Forbes reported. The internal audit team of ByteDance allegedly planned on surveilling at least two Americans who had “never had an employment relationship with the company”. Forbes claimed that ByteDance did not reveal who was going…
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There is a furor over Nike splits with Kyrie Irving.
Adidas has announced that it will end its partnership with rapper Kanye West. “Ye’s recent comments and actions have been unacceptable, frightening and dangerous and they violate company’s values of diversity…inclusion,” Adidas said in a statement. Earlier, Kanye had tweeted that he didn’t agree with a documentary about Jews, which was deemed antisemitic by Anti-Defamation…
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Nike has suspended its relationship with Irving.
Adidas has terminated its partnership with rapper Kanye West after he made anti-Semitic remarks on a documentary. In a statement, Adidas said it “does not tolerate antisemitism and any other sort of hate speech” and said his recent comments were “unacceptable, hateful and dangerous”. It added that they violated its “values of diversity and inclusion,…
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The leaders are watching the German leader’s trip.
Germany’s government on Friday approved the acquisition of a 24.9% stake in its port by Chinese state-owned shipping company COSCO. The deal will allow COSCO to operate the Hamburg port, one of the world’s busiest container ports. However, the US had reportedly warned China against acquiring a controlling stake in the port and that the…
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Black Friday deals 2017: holiday decor and furniture.
US-based online retailer Wayfair has launched its second instalment of its “Way Day Sale” to mark the beginning of the pre-Black Friday sale. It’s offering a 20% discount on everything, including kitchenware, kitchen appliances, living room furniture and home accents, among other items. The sale will take place from October 28 to November 7.
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We’re interested in what you have in mind for holiday shopping.
The US’ National Retail Federation (NRF) expects retail sales for the combined November-December season to rise between 6% and 8% this year, compared with the 2021 holiday season. Holiday sales will rise to between $268 billion and $267 billion, compared to $238 billion in 2011. The NRF further said that online holiday sales will increase…