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AFTER REVIEWING THE CRYPTO EXCHANGE'S BOOKS, BINANCE IS HIGHLY UNLIKELY TO CARRY OUT ITS PROPOSED RESCUE OF FTX - COINDESK.
Binance chief says near collapse of FTX ‘severely’ eroded confidence in crypto industryChangpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’The near collapse of FTX has “severely shaken” confidence in the crypto industry and will trigger tougher scrutiny by regulators, Binance chief Changpeng Zhao said a day after orchestrating a rescue of the exchange’s rival.Zhao said in a note to employees seen by the Financial Times that the bailout, which consolidated Binance’s position as the world’s biggest crypto trading venue, was not “a win”.(...)
Cita de: Saturio en Noviembre 09, 2022, 10:05:55 amCitarOntario Teachers’ Pension Plan, which poured money into FTX.¡Sánto cielo!Nadie lo veía venir, no...
CitarOntario Teachers’ Pension Plan, which poured money into FTX.¡Sánto cielo!
Ontario Teachers’ Pension Plan, which poured money into FTX.
Meta Cuts 11,000 JobsPosted by msmash on Wednesday November 09, 2022 @06:36AM from the breaking-news dept.Mark Zuckerberg, in a blog post:CitarToday I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1. I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I'm especially sorry to those impacted.At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility for that.In this new environment, we need to become more capital efficient. We've shifted more of our resources onto a smaller number of high priority growth areas -- like our AI discovery engine, our ads and business platforms, and our long-term vision for the metaverse. We've cut costs across our business, including scaling back budgets, reducing perks, and shrinking our real estate footprint. We're restructuring teams to increase our efficiency. But these measures alone won't bring our expenses in line with our revenue growth, so I've also made the hard decision to let people go.
Today I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1. I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I'm especially sorry to those impacted.At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility for that.In this new environment, we need to become more capital efficient. We've shifted more of our resources onto a smaller number of high priority growth areas -- like our AI discovery engine, our ads and business platforms, and our long-term vision for the metaverse. We've cut costs across our business, including scaling back budgets, reducing perks, and shrinking our real estate footprint. We're restructuring teams to increase our efficiency. But these measures alone won't bring our expenses in line with our revenue growth, so I've also made the hard decision to let people go.
De acuerdo con la opinión de varios analistas la decisión de abandonar la estratégica ciudad podería suponer un punto de no retorno para el conflicto bélico, cuyo final hoy parece vislumbrarse con moderada esperanza. De hecho las cotizaciones más sensibles a la evolución del conflcicto, la del gas y el petróleo se han orientado claramente a la baja. El primero desciende más de un 6% y el Brent casi un 2%.
Mark Zuckerberg, in a blog post:CitarMeta Cuts 11,000 JobsMany people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility for that.
Meta Cuts 11,000 JobsMany people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility for that.
Cita de: Cadavre Exquis en Noviembre 09, 2022, 19:09:27 pmMark Zuckerberg, in a blog post:CitarMeta Cuts 11,000 JobsMany people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility for that.Y puessss, ¿no dimite?
Pffff...https://twitter.com/financialjuice/status/1590367610020954117CitarAFTER REVIEWING THE CRYPTO EXCHANGE'S BOOKS, BINANCE IS HIGHLY UNLIKELY TO CARRY OUT ITS PROPOSED RESCUE OF FTX - COINDESK.Susto o muerte?https://www.ft.com/content/4982c7e9-5dd7-4e99-9430-eface0db4a8cCitarBinance chief says near collapse of FTX ‘severely’ eroded confidence in crypto industryChangpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’The near collapse of FTX has “severely shaken” confidence in the crypto industry and will trigger tougher scrutiny by regulators, Binance chief Changpeng Zhao said a day after orchestrating a rescue of the exchange’s rival.Zhao said in a note to employees seen by the Financial Times that the bailout, which consolidated Binance’s position as the world’s biggest crypto trading venue, was not “a win”.(...)