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🛍 How Wish Built (and Fumbled) a Dollar Store for the Internet
Plus: Twitter Lays Off Third of Talent Team, Reddit is launching a new NFT avatar marketplace, and more…
How Wish Built (and Fumbled) a Dollar Store for the Internet. There were unbelievable bargains on “bestdeeal9,” a store hosted on the e-commerce platform Wish, including a $2,700 smart TV being sold for $1 and a gaming computer advertised for $1.30. But none of the offers were real, and Wish… (Tiffany Hsu & Sapna Maheshwari / The New York Times)
Twitter Lays Off Third of Talent Team. Twitter Inc. on Thursday said it laid off 30% of its talent acquisition team, as the company deals with increasing business pressures and a potential takeover from Elon Musk. The layoffs come after the company in May announced that it would be… (Salvador Rodriguez / Wall Street Journal)
Reddit is launching a new NFT avatar marketplace. Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-based profile pictures for a fixed rate. The company said that you need not have a crypto wallet to buy them, so your credit or debit card should be… (Ivan Mehta / TechCrunch)
Theranos ex-COO Sunny Balwani found guilty in all 12 fraud charges 6 months after founder Holmes' conviction. The jurors in Ramesh 'Sunny' Balwani's criminal fraud trial reached a verdict after 5 days of deliberating. Balwani was found guilty of all 12 charges. Balwani and Theranos CEO Elizabeth Holmes will be sentenced at a later date. SAN JOSE, Calif. (Yasmin Khorram / CNBC)
It's looking more like Elon Musk could bail on buying Twitter. The Washington Post reports that Elon Musk's $44 billion deal to buy Twitter is “in peril,” based on three anonymous sources who told the paper that the billionaire's camp has “stopped engaging in certain discussions around… (Richard Lawler / The Verge)
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