Meta to lay off employees in metaverse silicon unit

Employees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be notified about their status with the company by early Wednesday morning, one of the sources said.

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Russian court rejects Apple appeal against abuse of dominant market position: report

Russia's federal anti-monopoly service (FAS) fined Apple in January over what it said was the US company's abuse of its dominant market position.

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WeWork misses $95 million in interest payments

WeWork has chosen not to make two interest payments totaling $95 million, in an effort to kick-start negotiations with its lenders and reduce costs with landlords. Although this move may prompt speculation of a potential bankruptcy filing, WeWork claims to have enough cash on hand.

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Visa launches $100 million venture fund for generative AI startups

Generative AI is a technology that creates brand new content based on what it has learnt from past data.

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TikTok parent ByteDance's valuation slumps to $223.5 billion in stock buyback: report

Chinese company ByteDance is reportedly buying back shares from its U.S. employees at a valuation of $223.5 billion, down 26% from the previous year. The company aims to purchase at least $300 million worth of stock from current and former employees. This comes as the private investment market experiences a decline in valuations due to the waning effects of the pandemic-era exuberance.

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NeoGrowth evaluates strategic deal as business becomes profitable

The Mumbai-based NBFC has reported a net profit in the last fiscal after two years of losses, now its stakeholders are evaluating if they can exit on a high.

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Elon Musk's X hit with trademark lawsuit from marketing agency

The lawsuit by X Social Media claims that X Corp, which owner Elon Musk began rebranding to X from Twitter in July, was likely to cause consumer confusion.

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