Disney is eliminating its Metaverse division as part of the company’s layoff plan

Disney is eliminating its Metaverse division as part of the company’s layoff plan

Mickey Mouse has left the Metaverse. waltz disney Co. SAY 1.64% eliminated its next-gen customer experiences and storytelling unit, the small division that was developing metaverse strategies, according to people familiar with the situation, as part of a broader restructuring that is expected to reduce the number of employees of about 7,000 in the business … Read more

Disney layoffs to begin this week, says Bob Iger in memo

Disney layoffs to begin this week, says Bob Iger in memo

Bob Iger, CEO of Disney, during an interview with CNBC, February 9, 2023. Randy Shropshire | CNBC Disney will begin layoffs this week, the first of three rounds before the start of summer that will result in about 7,000 job cuts, according to a memo sent by chief executive Bob Iger. The cuts are part … Read more

From SVB’s sudden collapse to Credit Suisse fallout: 8 charts show financial market turmoil

From SVB’s sudden collapse to Credit Suisse fallout: 8 charts show financial market turmoil

A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more

Meta AI unlocks hundreds of millions of proteins to aid drug discovery

Meta AI unlocks hundreds of millions of proteins to aid drug discovery

Meta Platforms, parent company of Facebook Inc. created a tool to predict the structure of hundreds of millions of proteins using artificial intelligence. Researchers say promises to deepen scientists’ understanding of biology, and perhaps accelerate the discovery of new drugs. Meta’s research arm, Meta AI, used the new AI-based computer program known as ESMFold to … Read more

US threatens to ban if Chinese TikTok owners don’t sell their shares

US threatens to ban if Chinese TikTok owners don’t sell their shares

WASHINGTON — The Biden administration is demanding that Chinese owners of TikTok sell their shares in the video-sharing app or face a possible U.S. ban on the app, according to people familiar with the matter. The move represents a major shift in policy by the administration, which has been criticized by some Republicans who say … Read more

Bitcoin rallies after the collapses of Signature, SVB and Silvergate. here’s why

Bitcoin rallies after the collapses of Signature, SVB and Silvergate.  here’s why

Bitcoin is off to its best three-day performance since October 2019 as the collapse of three US banks in one week fueled hopes among some investors that the Federal Reserve may need to take a less aggressive approach with its rate hikes of interest. The biggest cryptocurrency BTCUSD Tuesday hit its highest level since June … Read more

BBC battles crisis as social media rules fuel mutiny

BBC battles crisis as social media rules fuel mutiny

Britain’s public service broadcaster, the BBC, found itself in crisis over the weekend as it tried to navigate a mutiny within its sports department. Gary Lineker, the organisation’s highest-paid presenter, posted a comment on Twitter on Tuesday in response to the UK’s latest immigration policy. The BBC considered the tweet breached its strict rules of … Read more

Oscars 2023 live updates: Full list of winners

Oscars 2023 live updates: Full list of winners

Michelle Yeoh accepts the Best Actress award for ‘Everything Everywhere All at Once’ onstage during the 95th Annual Academy Awards at Dolby Theater on March 12, 2023 in Hollywood, California. Kevin Winter | Getty Images Entertainment | Getty Images And no one was slapped. “Everything Everywhere All at Once” dominated the Oscars on Sunday night, … Read more

Meta plans new layoffs that could match last year’s

Meta plans new layoffs that could match last year’s

Metaplatforms related to Facebook Inc. META -1.20% plans to announce additional layoffs in several rounds over the next few months that, in total, would be about the same magnitude as the 13% reduction in its workforce last year, according to people familiar with the matter. The new cuts, the first wave of which is expected … Read more

Legal Betting on WWE Matches? NFW, say gambling operators

Legal Betting on WWE Matches?  NFW, say gambling operators

Becky Lynch celebrates her loss to Bianca Belair at SummerSlam 2021. World wrestling entertainment It’s clear that World Wrestling Entertainment would like to make headlines about the possibility of bettors being allowed to legally bet on scripted matches, and all of this has nothing to do with trying to raise the potential sale price of … Read more