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Tag: Media/Entertainment

Twitter offers new stock exchanges to staff

Twitter Inc. is offering new equity grants to staff who vest after six months, according to an email sent late Friday, which was reviewed by The Wall Street Journal. The company plans to offer a liquidity event in about a year, where employees can cash in some of their equity, the email shows. The number […]

March 26, 2023
From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets

A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]

March 18, 2023
US threatens ban if TikTok’s Chinese owners don’t sell stakes

WASHINGTON — The Biden administration is demanding that TikTok’s Chinese owners sell their shares in the video-sharing app or risk a potential U.S. ban on the app, according to people familiar with the matter. The move represents a major policy shift on the part of the government, which has come under fire from some Republicans […]

March 15, 2023
What happened to Silvergate Capital? And why does it matter?

Silvergate capital AND served as one of the most important banks for the crypto industry before it collapsed earlier this week. The news came just a week after the company delayed its annual report to the U.S. Securities and Exchange Commission, causing Silvergate Capital’s shares to collapse. Here’s a rundown of the timeline of what […]

March 12, 2023
Meta is planning new layoffs similar to last year’s

Facebook Parental Meta Platforms Inc. META -1.20% plans to announce additional rounds of layoffs in the coming months that would total about the same as last year’s 13% headcount cut, according to people familiar with the matter. The new cuts, the first wave of which is expected to be announced next week, are likely to […]

March 11, 2023
European bank shares fall on concerns about their bond holdings

Last Updated: March 10, 2023 at 4:19 AM ET First published: March 10, 2023 at 4:17 a.m. ET Shares in European banks plummeted Friday on health concerns following a series of rate hikes around the world. The Stoxx Europe 600 XX:SX7P banking index fell more than 4%, with shares in Deutsche Bank XE:DBK up 7%, […]

March 10, 2023
FTC Twitter investigation searched for Elon Musk’s internal communications, names of journalists

WASHINGTON – The Federal Trade Commission has ordered Twitter Inc. demanded that internal communications related to owner Elon Musk be turned over, as well as detailed information about layoffs — citing concerns that staff cuts could jeopardize the company’s ability to protect users, documents viewed by the Wall Street Journal show. In 12 letters sent […]

March 7, 2023
Tyler Perry expressed interest in buying a majority stake in BET Media Group from Paramount Global

Actor and producer Tyler Perry has expressed interest in acquiring a majority stake in BET Media Group from Paramount Global, FOR -2.10% That’s what people familiar with the situation say. Mr. Perry and Paramount have had a long-term relationship. The media mogul, who has his own production studio, has an overall deal to make shows […]

March 6, 2023
Twitter’s revenue, adjusted revenue, was down about 40% in the month of December

Twitter Inc. reported a drop in sales and adjusted earnings for the month of December after many advertisers left the social media platform following the Elon Musk acquisition, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year decline in both revenue and adjusted earnings for the […]

March 4, 2023
Ozy Media, CEO Carlos Watson accused of fraud

Ozy Media and Chief Executive Carlos Watson were indicted on charges of lying to investors and lenders about the size of the company’s audience and other aspects of the company, a crippling blow to a once-promising start-up that gained support from early on. big brand advertisers and venture capitalists. Mr. Watson was arrested Thursday morning […]

February 23, 2023