Meta Platforms is getting out of the podcasting business just one year after CEO Mark Zuckerberg announced plans to launch a host of live-audio features and partnerships with podcasters, according to Bloomberg. The Facebook parent company plans to discontinue its “Soundbites” short-form audio feature and to axe its central audio hub, which houses podcasts and Live Audio rooms on the Facebook...
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On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitter’s most recent round of job cuts included at least four such founders, including the entrepreneurs behind...
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
FDIC Sets Deadline for SVB Bids
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.