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The company’s vice president of trust and safety, Ella Irwin, told reporters that Twitter made some cuts in the trust and safety team on Friday night due to low volume growth.Social media giant Twitter has reportedly cut more staff overseeing global content moderation in a move to stabilize its business
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Scuderia Ferrari, the racing division of luxury carmaker Ferrari, joined the growing list of Formula One racing teams to end partnerships with their cryptocurrency sponsors. Ferrari exited its multi-year partnership deals with Velas Blockchain and chip manufacturing giant Snapdragon, resulting in a cumulative $55 million loss for the Italian team
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CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months. Source
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Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crain shared a screenshot of his message to SuperRare’s Slack channel announcing the 30% cut, stating that he had
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Animoca Brands was impacted by the FTX collapse as about a dozen of its outfits had significant exposure to the bankrupt firm.Animoca Brands, one of the biggest metaverse firms and investors in today’s Web3 ecosystem might be tapering down its projected fundraising expectations billed for the first quarter of this
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TikTok-parent ByteDance said that these job cuts come as part of the company’s plans to streamline operations.As per the latest reports, ByteDance, the parent firm of the social media platform TikTok has cut hundreds of jobs across multiple departments by the end of 2022. TikTok has reportedly joined the list
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The timing of the sudden change has been met with disapproval from some residents who had recently paid for their yearly license in full.Dubai has announced that it is scrapping its 30% tax on alcohol sales for the rest of 2023. This is the municipality’s latest step towards strengthening the
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Read MorePlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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