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Bird’s second-quarter earnings in 2023 showed a 19% year-over-year reduction in average rides per vehicle daily. Shared micromobility company Bird is downsizing again. The details were contained in an email sent to the entire company by interim CEO Michael Washinushi. “Regrettably, today we need to reduce our headcount in order to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Major Indian crypto exchange CoinSwitch has laid off some members of its customer support team amid uncertain crypto regulation and stringent crypto taxation. CoinSwitch, a crypto exchange backed by Andreessen Horowitz and Coinbase Ventures, has axed 44
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Investment firm Fidelity has written down the value of its initial stake in Twitter following its funding of Elon Musk’s takeover of the social media platform.According to a filing of the Fidelity Blue Chip Growth Fund in November 2022, the firm has written down the carrying value of its Twitter
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Bybit isn’t the only firm reducing its staff strength to cope with the current bearish market conditions.Cryptocurrency exchange Bybit has announced the second round of employee layoffs, citing a deepening crypto bear market. According to Bybit CEO Ben Zhou, there was a need for the company to re-organize its plan to
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"The contract with BitFuFu was signed in late 2021 at the height of the Bitcoin market as a fixed price contract with no allowances for market price adjustments," and it was "critical" that the firm was extricated from the contract, said Patricia Trompeter, Sphere 3D's CEO, in the press release. Source
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The crypto exchange reportedly cut the scope of sponsorship agreements
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