In a statement on Tuesday, online payment company PayPal announced it would cut 7% of its global workforce (2,000 full-time positions) amid a “competitive landscape” and a “challenging macro-economic environment,” CEO Dan Schulman said. To read the rest of the Forbes article, click here.
“Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Under the terms of […]
Apple stock fell $3.79 (-2.39%) on Friday to close at $154.73, posting the longest weekly losing streak since May 2021. Apple is down 5% since last Friday, a fifth straight week of losses totaling 10%. Apple is also poised to close at the lowest level since November. Tech stocks have come under pressure this year […]
Sales of music CDs increased from 40.16 million units in 2020 to 40.59 million in 2021, according to a yearly report from music data compiler MRC Data and Billboard, marking the first time CD sales have increased year-over-year since 2004. CDs weren’t the only old-fashioned music format that saw gains in 2021 — vinyl album […]
