Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Twitter lays off staff as Musk blames activists for 'massive' ad revenue drop

Musk axes around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Major advertisers pull ads Nov 4 (Reuters) – Twitter Inc laid off half its workforce on Friday but said cuts were smaller in the team responsible for preventing the spread of misinformation, as advertisers pulled spending amid … Read more

Wall Street falls as Walmart warning rattles retail sector

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast, drags retailers McDonald’s up as sales, profit top estimates GE jumps on higher profit, Coca-Cola up on forecast raise Indexes … Read more

Deal to resume Ukraine Black Sea grain exports to be signed Friday, Turkey says

Deal to resume Ukraine Black Sea grain exports to be signed Friday, Turkey says

ISTANBUL/UNITED NATIONS, July 21 (Reuters) – Ukraine, Russia, Turkey and UN Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said on Thursday. Russia and Ukraine are both major global wheat suppliers, but Moscow’s Feb. 24 invasion of its neighbor has sent food … Read more