EUR/USD 1.15777
0.086%
Gold 4416.51
0.924%
Oil 84.086
3.192%
USD/JPY 159.472
0.073%
GBP/USD 1.35426
0.061%
GBP/JPY 215.961
0.129%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 18th - According to sources familiar with the matter, Anthropics current performance suggests that its annualized revenue is on track to exceed $65 billion, more than seven times the level at the end of last year. The sources stated that as of the end of July, Anthropics annual recurring revenue (ARR) had reached $65 billion. One source indicated that Anthropic shared this figure in its regular updates to investors. This significant acceleration in revenue further strengthens Anthropics confidence in advancing its IPO plans. Both Anthropic and OpenAI have secretly filed IPO-related documents, and Anthropic is expected to go public on Wall Street as early as this fall, potentially earlier than OpenAI.August 18th - Data from the U.S. Treasury Department shows that in June, the amounts of U.S. Treasury bonds held by the UK, Japan, and China all decreased compared to May. Specifically, Japan held $1.117 trillion in U.S. Treasury bonds, a decrease of $26.4 billion from May; the UK held $939.9 billion, a decrease of $8.7 billion; and China held $633.4 billion, a decrease of $26 billion.August 18th - U.S. stocks closed Monday with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.5%, and the Nasdaq Composite down 0.32%. SK Hynix (SKHY.O) rose 3%, Micron Technology (MU.O) rose 4%, SanDisk (SNDK.O) rose 8.8%, and Nike (NKE.N) fell 4%. The Nasdaq China Golden Dragon Index closed up 0.37%, XPeng Motors (XPEV.N) rose 4%, and Miniso (MNSO.N) fell 8%.The U.S. saw a net inflow of international capital of $133.5 billion in June, revised from $132.2 billion to $131.5 billion in the previous month.Foreign investors made net purchases of $6.8 billion in U.S. Treasury bonds in June, compared with $56.6 billion in the previous month.

Twitter CEO Says Two Leaders to Leave, Hiring Suspended During Musk Takeover

Charlie Brooks

May 13, 2022 10:00

T2.png


Two senior Twitter (NYSE:TWTR) leaders who oversee the consumer and revenue divisions will leave the social media company, CEO Parag Agrawal announced in a memo to employees on Thursday. This is one of the most significant changes at the company since billionaire Elon Musk announced he would acquire it for $44 billion.


Agrawal also stated in the memo, which was seen by Reuters, that Twitter would halt the majority of hiring and analyze all existing job offers to decide whether any "should be retracted."


He ascribed the decision in part to Twitter's inability to meet user growth and revenue benchmarks in order to preserve confidence that it might accomplish 2020's aggressive growth goals.


Agrawal wrote, "We must continue to be deliberate about our teams, hiring, and expenses."


The company had aimed for $7.5 billion in annual revenue and 315 million daily users by the end of 2023, but in its most recent quarterly report, it abandoned these targets.


On Thursday, both Kayvon Beykpour, who ran Twitter's consumer division, and Bruce Falck, who supervised revenue, posted that their departures were not voluntary.


"Parag requested me to resign after informing me that he intends to take the team on a new route," tweeted Beykpour, adding that he was still on paternity leave from Twitter.


Falck stated, "I'll clarify that I, too, was fired by (Parag)," however he later deleted the tweet.


Falck congratulated his staff in a series of tweets and altered his bio to indicate that he was unemployed.


"Your efforts allowed us to accomplish the outcomes we did; quarterly revenue does not lie. Google it, (NASDAQ:GOOGL) "he said.


Jay Sullivan, who led the consumer unit during Beykpour's sabbatical, will become the division's permanent leader. Agrawal stated in the memo that he will also oversee the revenue unit until a new head is appointed.


Agrawal stated that while no layoffs are anticipated, Twitter will lower its spending on contractors, travel, marketing, and real estate.

Suggestion