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As executives prepare for a recession and crypto winter, Coinbase has laid off 18% of its workers.

Coinbases shares are down 79% this year and 85% from the alltime high. The stock went public via a direct listing last April. Earlier this year, the c

Coinbases shares are down 79% this year and 85% from the alltime high. The stock went public via a direct listing last April. Earlier this year, the company said it planned to add 2,000 jobs across product, engineering, and design. Coinbase intends that this is a onetime event, Choi said. The company has $6 billion of cash on its balance sheet record. Coinbase cofounder Jess Choi says the company will power through any macroenvironment, despite recent employee unrest. Last week, a petition posted to a decentralized publishing platform called for the removal and vote of no confidence regarding several Coinbase executives. Armstrong urged employees to quit if they dont believe in the company. The companys COO says the company has a very deep conviction in the longterm value of the stock for its employees and customers. Read More..

B2B Tech News | 3 years ago        

Tiger global leads a $40 million series a funding round for groyyo.

Groyyo is a supply chain enablement company helping SME manufacturers in the fashion and lifestyle categories across South Asia. The funds will be uti

Groyyo is a supply chain enablement company helping SME manufacturers in the fashion and lifestyle categories across South Asia. The funds will be utilized to scale the team across manufacturing clusters in India and Bangladesh and essential demand belts in the United States and European Union. Groyyo has already supported over 400 producers across 150 product categories by maximizing their manufacturing potential within just 11 months of being operational. Read More..

B2B Tech News | 3 years ago        

Chinese investment restrictions gain momentum in talks with US lawmakers

A bipartisan group of U.S. lawmakers stated that they had agreed on a proposal to give the government sweeping new powers to block billions in investm

A bipartisan group of U.S. lawmakers stated that they had agreed on a proposal to give the government sweeping new powers to block billions in investment into China. News of the provision, part of legislation that aims to boost U.S competitiveness and grant chipmakers $52 billion to expand operations, drew opposition from China. The measure is part of a broader bill with an unpredictable future. The draft legislation, which captures fewer investments than the original version, stirred opposition from critics who said it would harm American competitiveness. Foreign ministry spokesman says China opposes how the U.S.overgeneralised the concept of national security and carried out funding reviews. Read More..

B2B Tech News | 3 years ago        

Choice Hotels is obtaining Radisson Hotel Group Americas for $675M

The deal can add 624 hotels with more than 68,000 guestrooms. It aims to expand choice Hotels presence in the upscale and uppermidscale hospitality se

The deal can add 624 hotels with more than 68,000 guestrooms. It aims to expand choice Hotels presence in the upscale and uppermidscale hospitality segments. The Radisson brands generally have larger area counts and are situated in higher market areas with higher revenue per available area. we area unit confident that choice Hotels is the owner with the correct longterm strategy, resources, and management team to successfully accelerate the growth of the Radisson business in the Americas. Read More..

B2B Tech News | 3 years ago        

Antarctica Travel Market Comprehensive Study and Strategic Analysis 2022

Market Strides is a Global aggregator and publisher of Market intelligence development reports, equity reports, database directories, and economic rep

Market Strides is a Global aggregator and publisher of Market intelligence development reports, equity reports, database directories, and economic reports. The report examines how the global Antarctica Travel market has evolved through the pandemic to this postpandemic point. It highlights the key factors that are likely to contribute to market growth in advanced and developing economies. Read More..

B2B Tech News | 3 years ago        

U.S. prepare renewal of Chevrons Venezuela license 

The U.S. Treasury Department is getting ready to renew Chevrons license to work in Venezuela. The company had asked the Biden administration for a lic

The U.S. Treasury Department is getting ready to renew Chevrons license to work in Venezuela. The company had asked the Biden administration for a license that will enable it to work in its joint ventures with Venezuelas PDVSA. Rather than a broadly speaking expanded authorization, the license was doubtless renewed revived asis, or came to some of the terms from 2020. Read More..

B2B Tech News | 3 years ago        

Microsoft agrees to remain neutral in the Activision Blizzard labour dispute.

Microsoft has entered into a labor neutrality agreement with Communications Workers of America. The agreement could pave the way for workers at Activi

Microsoft has entered into a labor neutrality agreement with Communications Workers of America. The agreement could pave the way for workers at Activision Blizzard to unionize. Microsofts $68.7 billion acquisition of the video game company is expected to close next year. Unionization efforts at Amazon, Apple and Activision Blizzard have turned contentious in the past year. A group of quality assurance employees at Raven Software voted to form a union last month. The vote followed months of tensions between Raven and Activision Blizzard over recent layoffs. It marked the latest effort by workers to agitate for improved workplace conditions at the video game company. Read More..

B2B Tech News | 3 years ago        

Shell aims to become a zeroemission energy company by 2050

All acquisitions are outsourced under longterm contracts with the worlds leading energy company, Shell. As part of its broader commitment to becoming

All acquisitions are outsourced under longterm contracts with the worlds leading energy company, Shell. As part of its broader commitment to becoming a zeroemission energy company by 2050, Shell aims to be a sustainable and sophisticated supplier of improved, lowcarbon fuels. Shell is very encouraging to see that we have successfully started timely production at our flagship solar fluid cellulosic ethanol plant, despite the global pandemic. More than 300 local farmers are hired to supply the raw materials needed. In the last six months, the factory has been put into operation and, as a result, production has started successfully. Read More..

B2B Tech News | 3 years ago        



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