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Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after finding it came at a "high and inefficient cost" (Wall Street Journal)
Wall Street Journal: Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after…
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Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in November 2022, with new cuts starting over the coming weeks (Wall Street Journal)
Wall Street Journal: Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in…
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Layoffs.fyi estimates tech companies cut over 150,000 jobs in 2022, compared to around 80,000 between March and December 2020 and 15,000 across all of 2021 (Wall Street Journal)
Wall Street Journal: Layoffs.fyi estimates tech companies cut over 150,000 jobs in 2022, compared to around 80,000 between March and…
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A look at the rise and fall of Alameda Research, whose troubles began well before the crypto crash as it took big gambles, winning some and losing plenty (Wall Street Journal)
Wall Street Journal: A look at the rise and fall of Alameda Research, whose troubles began well before the crypto…
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Source: FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at a hearing next week (Wall Street Journal)
Wall Street Journal: Source: FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at…
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ZipRecruiter: 37% of laid off or fired tech workers were able to find a job within a month of starting their search and ~79% were able to within three months (Wall Street Journal)
Wall Street Journal: ZipRecruiter: 37% of laid off or fired tech workers were able to find a job within a…
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Pathmatics: about 70% of Twitter's top 100 ad spenders before Elon Musk's takeover were not spending on the service as of the week ending December 18 (Wall Street Journal)
Wall Street Journal: Pathmatics: about 70% of Twitter’s top 100 ad spenders before Elon Musk’s takeover were not spending on…
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YouTube acquires NFL Sunday Ticket residential rights for seven years, starting in 2023, sources say for ~$2B per year; DirecTV reportedly currently pays $1.5B (Wall Street Journal)
Wall Street Journal: YouTube acquires NFL Sunday Ticket residential rights for seven years, starting in 2023, sources say for ~$2B…
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