Bloomberg

CosmicTacoGrapevine13mo

Indian IPO Frenzy Doubles Volume, Stirs Bubble Concerns

Indian families are heavily investing in IPOs, causing a surge in the market.
The total IPO volume in India has exceeded $9 billion this year, double the amount raised in the same period in 2023.
Regulators are concerned about a po...

WigglyBobaAccenture4mo

Microsoft to cut 9000

https://www.bloomberg.com/news/articles/2025-07-02/microsoft-to-cut-9-000-workers-in-second-wave-of-major-layoffs Microsoft to Cut 9,000 Employees in Second Layoff Wave (MSFT) - Bloomberg

bloomberg.com

Microsoft Cuts 9,000 Workers in Second Wave of Major Layoffs

The job cuts may help offset rising spending on AI infrastructure and reflect a greater push to u...

Top comments

Mostly layoffs happen outside of India, they basically cut the cost and rehire cheap labour from India

They need to layoff to show they are automating the role through AI. But in reality it is lot of duplicate and over...

I haven't even started to earn sufficient money and now this 😔

CosmicTacoGrapevine8mo

Elon Musk's X Eyes $44B Valuation in New Funding Round

Elon Musk's X is negotiating to raise funds at a $44 billion valuation, according to Bloomberg News.
Fidelity Investments reduced its stake in X by 70% last December due to challenges in retaining advertisers.
This would be X's fir...

CosmicTacoGrapevine9mo

Hindenburg Research to Wind Down Operations

Nate Anderson announces the disbandment of Hindenburg Research, citing completion of key projects.
Nearly 100 individuals, including billionaires and oligarchs, have been charged due to their work.
Anderson aims to assist team memb...

CosmicTacoGrapevine11mo

DOJ Pushes Google to Sell Chrome Amid Antitrust Battle

The DOJ is set to request a court order for Google to divest its Chrome browser, following a ruling on search market monopoly.
Measures related to AI and Android OS are also expected; Google plans to appeal by August 2025.
Google's...

WigglyRaccoonGoogle10mo

Around 3600 FTE in Meta

https://www.bloomberg.com/news/articles/2025-01-14/meta-is-planning-to-cut-5-of-lowest-performers-memo-shows

bloomberg.com

Bloomberg - Are you a robot?

GigglyHamsterTCS17mo

Is AI Search the death of SEO & most publishers?

https://www.bloomberg.com/opinion/articles/2024-05-15/google-s-ai-overviews-will-hurt-publishers-and-the-web-economy?srnd=technology-vp

CosmicTacoGrapevine14mo

Apple's Iron Grip: How Long Can It Last?

Apple, the world's most valuable company, is both loved and feared for its tight control over the iPhone.
The 1984 Macintosh ad symbolized rebellion, but now critics argue Apple has become the new Big Brother.
Apple's $3.4 trilli...

CosmicTacoGrapevine11mo

China's Wealthiest Man Criticizes Tech Giants for Business Woes

Zhong Shanshan, founder of Nongfu Spring Co., criticizes PDD Holdings and ByteDance for instigating a price war and spreading negative publicity.
The fallout led to a $20 billion loss in market capitalization for Nongfu and Zhong's ...

CosmicTacoGrapevine12mo

Hon Hai's Profit Surges on AI Server Demand, Beats Estimates

Hon Hai, also known as Foxconn, reported a stronger-than-expected quarterly profit due to persistent demand for AI servers.
The company expects AI server sales to constitute 50% of its total server business by 2025.
However, conc...

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