Etsy: Online marketplace lays off 11% of staff to cut costs
CEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.
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Sequoia Capital wants you to know that it was “deliberately misled and lied to” by convicted cryptocurrency scam artist Sam Bankman-Fried during the discussions that led to its $213.5-million investment in Bankman-Fried’s firm, FTX, last year. That’s an extraordinary admission, given that Sequoia is one of Silicon Valley’s oldest and largest venture investing firms, with…
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In the tech world, 2023 was a year of pure chaos. There was the artificial intelligence boom that breathed life into an industry in dire want of its next big thing, delivering a torrent of new startups, investment and hype. There was also the collapse of Silicon Valley Bank, the fraud conviction of crypto titan…
Pornography review to canvass public’s view on issue
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Supreme Court rejects X Corp.’s bid challenging US surveillance disclosures
The US Supreme Court on Monday rejected a request by Elon Musk’s X Corp. to consider whether the social media company, formerly called Twitter, can publicly disclose how often federal law enforcement seeks information about users for national security investigations. The justices declined to hear X’s appeal of a lower court’s ruling holding that the FBI’s…
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Amazon to win unconditional EU nod for iRobot deal | Reuters News Agency
EconomyTechnology 23 November 2023, 1:46 pm 1 minute Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a…
