Month: January 2023

Crypto lending firm Genesis files for bankruptcy

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Illustration by Alex Castro / The Verge Genesis, a crypto lending and trading conglomerate of more than 200 businesses, has filed for bankruptcy following the meltdown of the FTX exchange, the Financial Times reports. Genesis, one of FTX’s biggest lenders, had previously suspended withdrawals in November, and cut 30 percent of its staff earlier this … Read more

India releases guidelines for social media influencers accepting paid promotions

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As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines to limit unfair trade practices and misleading promotions on the web. On Friday, the Department of Consumer Affairs held a press conference to announce new guidelines to make it mandatory for social media influencers to … Read more

Fandom lays off employees across Giant Bomb, GameSpot and Metacritic

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Entertainment company Fandom has laid off an unspecified number of employees across multiple properties including Giant Bomb, GameSpot and Metacritic. These properties are mainly focused on publishing content around gaming and TV shows. According to a report by Variety, the company employs around 500 people, and the layoffs have affected roughly 10% of its staff … Read more

Indian food delivery giant Swiggy to cut 380 jobs

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Swiggy plans to lay off 380 jobs and shut down its meat marketplace as the Prosus Venture and SoftBank-backed Indian food delivery giant looks to navigate the market downturn that has forced firms to become leaner and more disciplined. In an email to employees on Friday, Swiggy co-founder and chief executive Sriharsha Majety said the … Read more