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Elon Musk Tells Twitter Employees: The Economic Picture Ahead Is Dire, Might Not Survive Upcoming Economic Downturn

Elon Musk Tells Twitter Staff The Upcoming Economic Situation Is Dire – ‘Bankruptcy Isn’t Out Of The Question’ CryptoGlobe

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Tesla CEO and Twitter chief Elon Musk informed Twitter employees that “the company’s future economic situation is dire.” Noting that “bankruptcy is not out of the question,” the billionaire pointed out that “without significant subscription revenue, there’s a good chance Twitter won’t survive the coming economic downturn.” Twitter could go bankrupt, says Elon Musk Elon …

Elon Musk Tells Twitter Staff The Upcoming Economic Situation Is Dire – ‘Bankruptcy Isn’t Out Of The Question’ CryptoGlobe Read More »

SEC Chair Gensler Discusses Crypto Regulation Following the Undoing of FTX — Says It's a 'Toxic Combination'

SEC Chairman Gensler Discusses Crypto Regulation After FTX Collapse – Says Field ‘Significantly Non-Compliant’ CryptoGlobe

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a US congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange over legal loopholes to gain a regulatory monopoly. SEC Chairman Gensler on the loss of FTX …

SEC Chairman Gensler Discusses Crypto Regulation After FTX Collapse – Says Field ‘Significantly Non-Compliant’ CryptoGlobe Read More »