Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been earning. “We concluded that layoffs are the only way and that doing them now and on this scale will stabilize our finances,” wrote CEO Tim Sweeney…
It was 2021, and the Musée d’Orsay had a problem. The Parisian museum, which boasts the largest collection of Impressionist and Post-Impressionist masterpieces in the world, was struggling to attract visitors amid the seesaw uncertainty of Covid lockdowns. Some museum staff felt assured that the French people’s commitment to cultural enlightenment would prevail, and museum attendance would soon return to…
FTX founder Sam Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32 billion crypto exchange. After a jury selection process on Oct. 3, the trial begins in earnest on Oct. 4, with Bankman-Fried staring down seven charges. If found guilty on all…
Former FTX CEO Sam Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket. The burgeoning trial calendar, released on Sept. 28, begins on Oct. 3 with jury selection.…
Often roasted for his metaverse tech demos, Zuckerberg appears to have blown away internet users with his latest avatar tech. Source: https://cointelegraph.com/app/public/index.php/news/metaverse-podcast-lex-fridman-mark-zuckerberg-avatars-meta-codec
Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct. 2. On Sept. 28, VanEck released the two “Enter the Ether” themed TV commercials, revealing that its Ethereum Strategy ETF — tickered EFUT — is “coming soon.” AI, AI, Uh Oh! Follow…
Invesco, Bitwise and Valkyrie were also hit with delays by the U.S. Securities and Exchange Commission. Source: https://cointelegraph.com/public/index.php/news/sec-delays-spot-bitcoin-etfs-blackrock-bitwise-valkyrie-invesco
Often roasted for his metaverse tech demos, Zuckerberg appears to have blown away internet users with his latest avatar tech. Source: https://cointelegraph.com/public/index.php/news/metaverse-podcast-lex-fridman-mark-zuckerberg-avatars-meta-codec
With the number of users coming online growing daily, the U.S. Federal Communications Commission (FCC) is championing the reintroduction of net neutrality policies. But not everyone in the agency is onboard with the plan. During a press conference on Tuesday, FCC Chair Jessica Rosenworcel made a case for reinstating net neutrality, citing the COVID-19 pandemic and emphasizing the importance of…
A former financial analyst used Xbox audio chat to conduct insider trading, the U.S. Securities and Exchange Commission (SEC) alleged Thursday. The SEC has charged four men with insider trading of securities based on insider knowledge of various business mergers and acquisitions, the government agency announced. The U.S. District Court for the Southern District of New York has also placed…
