As deliveries decline due to the epidemic, DoorDash eliminates 1,250 positions

According to DoorDash, it hired too many workers when delivery demand spiked during the COVID-19 outbreak. Thus it is laying go more than 1,200 corporate employees. All the staff members were informed on Wednesday. CEO Tony Xu announced that DoorDash was understaffed before the pandemic and had accelerated hiring to keep up with its expansion. As a result, it is laying off...

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Under Elon Musk’s leadership, Twitter stops monitoring Covid-19 disinformation and reportedly reinstates 62,000 suspended accounts

Twitter just announced that as of Nov. 23, it would no longer enforce its Covid-19 false information policy. It denotes that the business will no longer give top priority to flagging or removing inappropriate health material about Covid-19. Twitter announced in December 2020 that it would start identifying and removing incorrect content about the Covid-19 vaccination. It was...

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China sends out astronauts towards the recently finished space station

As tall as a 20-story skyscraper, the Shenzhou 15 mission’s rocket blazed into the Gobi Desert night sky on Tuesday. It took three astronauts to a rendezvous with the recently finished space station of China. Even as many of its citizens have been fiercely protesting strict pandemic controls in the streets. The rocket launch of China was a split-screen event and the most recent...

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Crypto firm BlockFi files for Bankruptcy as FTX Fallout Spreads

According to recent reports, crypto firm BlockFi files for bankruptcy as FTX fallout spreads. Read the entire article to learn more about this news piece. About BlockFi’s bankruptcy “BlockFi looks forward to a transparent process that achieves the best outcome for all clients and other stakeholders,” Berkeley Research Group’s Mark Renzi said in a press statement. BRG serves...

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IKEA planning to slash product prices as costs decrease

Netherlands-based retailing giant, IKEA, said on Monday that the company hopes to cut prices of its products as costs of some inputs have started to come down in the market. IKEA which is renowned for its ready-to-assemble furniture and other household products was forced to raise the price of its products due to rising input costs. High volatility in the global economy and...

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Apple faces shortfall of 6 million iPhone Pros because of protests against COVID-19 restrictions

According to recent reports, Apple is facing a shortage of 6 million iPhone Pros because of protests against covid-19 restrictions in China. The company has its biggest producer Foxconn in Zhengzhou city, China where there was a covid outbreak. Read the entire article to learn more about this news piece. About the protests According to various reports, an inside source who...

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French bank Credit Agricole weighing plans to offer car-sharing financial services

French bank Credit Agricole weighing plans to offer car-sharing financial services in Germany. It comes especially as market offers and opportunities are increasing, challenging incumbent players. The French bank’s consumer finance has been pushing mobility revenues. Image credits- Reuters   The French bank’s consumer finance arm has been in a push to increase mobility-related...

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Accelerating as a Fast-Growing EdTech Startup Everything from fundraising to hiring to marketing

If you’re a startup, then you know that growth is essential to your success. But how can you make sure that your growth is healthy and sustainable? In this blog post, we will discuss some tips for accelerating as a fast-growing startup. We’ll cover everything from fundraising to hiring to marketing. Read on for advice that will help your business take off! Understanding start-up...

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Minecraft Is Getting Avatar Legends DLC

Minecraft’s new Avatar Legends DLC is coming to the Minecraft Marketplace on Dec. 6. According to the official Minecraft Twitter account, Avatar Legends DLC will bring four Avatar skins based on past and present days into Minecraft. The new DLC was announced via Minecraft’s official Twitter account featuring a picture of the four skins which will be available for players,...

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Market performance analysis of top 15 US tech companies over last 12 months

Latest statistics from stock exchanges across the United States suggest that tech stocks have been suffering huge losses for the past 12 months. Tech investors and traders lost nearly 7.4 trillion dollars in the NASDAQ over the past 12 months. NASDAQ Composite (^IXIC) since November 2021 High inflation rates caused by the Russian special military operation in Ukraine and...

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People who lost money in the collapse of FTX says: “The money is gone”

Large sums of money can be made or lost in the blink of an eye in the world of cryptocurrencies. For example, the value of FTX, the second-largest cryptocurrency exchange, was above US$30 billion at the beginning of November 2022. Yet, by November 14, FTX and more than 100 of its affiliated companies were involved in bankruptcy proceedings. Finance, investing, and fintech...

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