SoftBank plans job cuts at Vision Fund after record net loss

SoftBank plans job cuts at Vision Fund after record net loss

SoftBank was in a valuation bubble- Its No Sacred Zones for Cost Reductions- Yarns SoftBank exited its stake in Uber Announcement of a 400 billion yen share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) plans to cut staff at its flagship investment arm Vision Fund, CEO Masayoshi Son said on Monday, after … Read more

Nvidia stock drops after company says revenue fell well below expectations

Nvidia stock drops after company says revenue fell well below expectations

Shares of Nvidia Corp. fell more than 5% in morning trading on Monday after the semiconductor company revealed it expects to be well below revenue expectations for its final quarter, largely due the weakness of the games. The company expects second-quarter revenue of $6.7 billion, up from $6.5 billion a year earlier, while analysts had … Read more

Celsius withdraws motion to hire CFO at $92,000 a month

Celsius withdraws motion to hire CFO at ,000 a month

Celsius on Thursday was sued by former investment manager Jason Stone as pressure continues to mount on the company amid a crash in cryptocurrency prices. Stone alleged, among other things, that Celsius CEO Alex Mashinsky (above) was ‘capable of becoming very rich’. Piaras Ó Midheach | Sportsfile for the Web Summit | Getty Images Struggling … Read more

Meta faces lawsuits for teenage suicides and self-harm

Meta faces lawsuits for teenage suicides and self-harm

Meta is facing a new storm of lawsuits that accuse Instagram of eating disorders, depression and even child and teen suicides – and experts say the lawsuits are using a new argument that could pose a threat to Instagram. social media empire of Mark Zuckerberg. The lawsuits – which are replete with disturbing stories of … Read more

Netflix’s video game push sees few subscribers playing with it

Netflix’s video game push sees few subscribers playing with it

Netflix is ​​accelerating its push into video games with plans to double its catalog of offerings by the end of the year, but so far few of the streaming giant’s subscribers are playing. Since last November, the company has been rolling out the games to keep users engaged between show releases. The games are only … Read more

Elon Musk challenges Twitter CEO Parag Agrawal in bot debate

Elon Musk challenges Twitter CEO Parag Agrawal in bot debate

Centi-billionaire Elon Musk has provoked Twitter and challenged company CEO Parag Agrawal to a ‘public debate’ over fake accounts and spam amid a contentious legal battle over a $44 billion acquisition. Musk filed an offer with the Securities and Exchange to acquire Twitter in April of this year. After the companies agreed to move forward … Read more

Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Posts Massive .8 Billion Loss;  operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt … Read more

India Freezes Binance-Linked WazirX Assets

India Freezes Binance-Linked WazirX Assets

Representations of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 5 (Reuters) – India’s financial crime agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange, Binance, as it investigates a breach … Read more

Shares of fuel cell truck maker Hyzon suffer record drop after accounting issues spark delisting fears

Shares of fuel cell truck maker Hyzon suffer record drop after accounting issues spark delisting fears

Shares of Hyzon Motors Inc. suffered a record drop to a record low on Friday, after the fuel cell truck maker disclosed a ‘myriad of issues’, including accounting irregularities that will cause it to miss the filing deadline. for the second quarter results. This prompted a number of analysts to exit their bullish positions, including … Read more