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Salesforce Inc. rose after saying it would cut about 10% of its workforce and reduce its real estate holdings, citing too much hiring during the pandemic-fueled boom and customers turning cautious on spending. Anurag Rana of Bloomberg Intelligence speaks on “Bloomberg Markets.” Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full
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Dan Ives, Wedbush Securities managing director and senior equity research analyst, says Tesla shares could “rip higher” during an interview with Matt Miller on “Bloomberg The Open.” Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech from
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Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy in Delaware. Bankman-Fried resigned as chief executive officer as part of the filings, and John J. Ray III was appointed to replace him, the statement said. Sonali Basak report on “Bloomberg The Open.” Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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Solana, the blockchain network once championed by Sam Bankman-Fried, is drawing intense scrutiny as industry watchers wonder whether its former close ties to the disgraced crypto mogul and his now-defunct FTX empire will jeopardize its future. Hannah Miller reports on the Dec. 28 episode of “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology on
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Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history. He said in a statement, “I got this wrong.” Quicktake’s Alex Webb reports. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full
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Sam Bankman-Fried was released on a $250 million bail package after making his first US court appearance to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded. He appeared in Manhattan federal court Thursday. Bloomberg’s Hannah Miller reports. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest
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Micron Technology gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year. Bloomberg Intelligence’s Paula Penkal breaks down the numbers on “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology
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Elon Musk is on the stand defending his $55 million pay package at Tesla. A Tesla investor sued saying he’s being paid too much. Bloomberg’s Ed Ludlow reports. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech
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