Twitter CEO Parag Agrawal Fires 2 Top Executives, Freezes Hiring Ahead Of Elon Musk Takeover

NDTV News

Twitter also confirmed that it is pausing all hiring except for business-critical roles. San Francisco: Twitter confirmed Thursday that two senior executives are heading for the exit and it has paused most hiring, as Elon Musk stands poised to become the global messaging platform’s new owner. Kayvon Beykpour, a general manager who leads research, design … Read more

Terra Collapse Teaches About ‘Crypto’ And Bitcoin

Terra Collapse Teaches About ‘Crypto’ And Bitcoin

Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $1 peg and LUNA, the blockchain’s native token, nears zero. Terraform Labs, the tech start-up behind … Read more

Social Security checks could jump 8.6%, biggest hike since 1981, expert says

Social Security checks could jump 8.6%, biggest hike since 1981, expert says

Seniors and other people who rely on Social Security benefits could next year see their biggest cost-of-living adjustment since 1981, with an advocacy group for older Americans forecasting an 8.6% hike.  The typical monthly Social Security check is about $1,658, which means beneficiaries could see an increase of $142.60 per month in early 2023, bringing … Read more

Meme mania returns. GameStop and AMC soar

Fund manager says meme stock phenomenon is not a fad

Other meme stocks, including AMC (AMC), Bed Bath & Beyond (BBBY) and Beyond Meat (BYND) also roared higher Thursday. AMC jumped nearly 10%, a much bigger gain than rival movie theater stocks Cinemark (CNK) and IMAX (IMAX). Bed Bath & Beyond was up about 2%. Beyond Meat plunged 20% at the opening bell following weak … Read more

Twitter FIRES head of consumer product while he is on paternity leave and implements hiring freeze 

Parag Agrawal (pictured) became Twitter CEO after co-founder Jack Dorsey, 45, stepped down via email, which he later tweeted

Twitter has fired two high-ranking members of staff as Elon Musk cracks the whip following his $44billion takeover of the social media giant. Head of consumer product Kayvon Beykpour and general manager for revenue Bruce Falck were unceremoniously axed after the billionaire’s buyout last month. Beykpour, who founded Periscope, admitted on his account he had … Read more

Carvana, GameStop, AMC, General Motors and more

Carvana, GameStop, AMC, General Motors and more

Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from … Read more