The disruptions - if at all - will impact the launches slated for early next year. Brands have already stocked up on components for older models to maintain production at levels required to service the local demand. Furthermore, they will also have higher inventory going into the next year because of an expected slower fourth quarter.
Twitter was previously tracking toward a "negative cash flow situation of $3 billion per year" before the cost cuts, Musk said on Wednesday in a Twitter Spaces audio chat.
The US Attorney for the Southern District of New York Damian Williams said in a statement on Wednesday night that Ellison and Wang had been charged “in connection with their roles in the frauds that contributed to FTX’s collapse.”
In absolute US dollar terms, India's digital economy exhibited a growth rate (compounded annually, CAGR) of 15.62 per cent between 2014 and 2019, while India's economy (GVA) grew annually at a compound rate of 6.59% (as per ADB's IO tables).
Edtech startups such as Masai School, Simplilearn and Relevel are reworking their approach because of the slowdown in the job market, especially for roles such as software development, sales and marketing.
Above $100 million ACV deals form just 10% of activity in July-September quarter, lowest in 5 years: ISG
