Tech titans curb hiring in a 'challenging macro environment'

Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble, and people returning to pre-Covid lifestyles.

from Tech-Economic Times https://ift.tt/XAUiyVB

Zilingo debtholders recall loan, company appoints financial adviser

"Due to Zilingo's failure to fulfill prior obligations under the loan agreement, the company's lenders have made the decision to accelerate the repayment of the entire loan," Zilingo's board said in a statement to Reuters.

from Tech-Economic Times https://ift.tt/0sJOVp3

Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war

A Nikkei report said it was not clear if there would be more layoffs, after some of the laid-off staff chose to leave voluntarily and a few relocated.

from Tech-Economic Times https://ift.tt/5sY3L7N

What are these spam bots that Elon Musk has vowed to defeat or die trying?

Elon Musk, who has made weeding out fake Twitter accounts and spam bots the central theme of his takeover plan, said if he buys the social-media platform he "will defeat the spam bots or die trying".

from Tech-Economic Times https://ift.tt/mg1iLZV

War on Terra: how 'stablecoins' clobbered crypto this week

Billions were wiped off cryptocurrency markets this week. Bitcoin dropped below $30,000 on Monday and crashed further to $28,000 on Thursday, its lowest price since December 2020, erasing all gains from last year’s historic bull run.

from Tech-Economic Times https://ift.tt/Kj9VxWU

Major Indian crypto platforms delist stable coin TerraUST, Luna after collapse of Terra Network

On May 6, the token had been trading at $80 before the slide started. Alt coin Luna was popular with Indian crypto investors after rising from $1 to touch $119.18 in a matter of 12 months.

from Tech-Economic Times https://ift.tt/hjuK1wG

Major Indian crypto platforms delist stable coin TerraUST, Luna after collapse of Terra Network

On May 6, the token had been trading at $80 before the slide started. Alt coin Luna was popular with Indian crypto investors after rising from $1 to touch $119.18 in a matter of 12 months.

from Tech-Economic Times https://ift.tt/2Gjb58D