Our news is a collection of materials about updates, events and trends in the Liquidity, Forex, Crypto and FinTech industries.
Netflix Layoffs Just The Start as Streamer Stages Rebound: ‘It’s Time to Be a Real Company,’ Says Media Exec
"In our quarterly report, we indicated that slowing revenue growth forces the company to slow its cost growth. As a result, approximately 150 employees will be laid off today, mostly in the United States," the company stated in an announcement.
Bitcoin Is Steady Above $29,000. Cryptos Are Holding Up as Stocks Sell Off
Bitcoin's price has risen in the last 24 hours and is now well above $29,500. The largest cryptocurrency's relative strength comes amid a rough day for US markets on Wednesday, with a selloff that continued into Thursday.
Insider News: Samsung in Talks to Hike Chipmaking Prices by Up to 20%
At a recent earnings conference, Kang Moon-soo, vice president of Samsung's foundry division, stated that the company had already received orders for the next five years totaling eight times the previous year's sales. "We expect our order book to expand much further.
Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days
Bitcoin fell 5.9 percent in 24 hours through noon Eastern time on Saturday, to $28,782, in trading on Coinbase Global's platform (COIN). The cryptocurrency is down 20% this week, while the token is down 58 percent since its top above $69,000 in November 2021.
Musk Suggested Twitter Deal Was on Hold. Law Expert Says It’s Not So Easy
"Generally, these types of claims aren't very convincing," Quinn notes. "There's a lot of bravado, a lot of back and forth, but they're not very strong. Sometimes people renegotiate prices, but not by a great deal."
China’s Massive Community-Buying Industry Is Collapsing
Demand, however, was unable to keep up with the intense competition. Additionally, the industry has been impacted by President Xi Jinping's massive crackdown on China's internet giants. The government fined several community-buying platforms last year for excessive spending on promotions.