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The Stack: HSBC Rescues SVB UK in £1 Deal; Meta to Cut Workforce by 10,000

This week: HSBC deal saves SVB’s UK operations, Meta announces new wave of job cuts… Another dramatic week in ad…

2 years ago

Meta to Cut 10,000 Staff; OpenAI Releases ChatGPT Successor GPT-4

In today’s ExchangeWire news digest: Meta has revealed it will cut a further 10,000 jobs under “efficiency” measures; OpenAI launches…

2 years ago

ASOS Launches New Retail Media Formats; Meta Threatens to Pull News Content in Canada

In today's ExchangeWire news digest: online retailer ASOS expands its retail media offerings; Meta threatens to pull news content for…

2 years ago

HSBC Buys Silicon Valley Bank in Last Minute Deal; Signature Bank Latest to Close as Crypto Crumbles

In today's ExchangeWire news digest: a last minute government deal by the UK government will see HSBC acquire Silicon Valley…

2 years ago

Former Meta Execs Launch Measurement Start-up; Just Eat to Lose €5bn over Pandemic-era Deals

In today's ExchangeWire news digest: former Meta executives launch a start-up for improved ad measurement; Just Eat to receive an…

2 years ago

The Stack: Gonzalez v. Google Commences; Amazon-One Medical Deal to Proceed Unchallenged

This week: Supreme Court case Gonzalez v. Google could overhaul online advertising, Amazon's purchase of One Medical to proceed without…

2 years ago

Twitter Limits SMS Authentication to Blue Subscribers; Meta Introduces Verified Service to Bolster Security

In today's ExchangeWire news digest: Twitter to limit SMS two-factor authentication to paying subscribers; Meta introduces 'Meta Verified' to enhance…

2 years ago

The Good, The Bard, The Ugly: Big Tech’s February Financials Roundup

ExchangeWire senior editor Mat Broughton examines the financial results for the big tech quartet over the previous quarter, and their…

2 years ago

Google Launches ‘Bard’ AI Chatbot; SoftBank’s Vision Fund Posts Fourth Consecutive Quarterly Loss

In today's ExchangeWire news digest: Google launches its own AI chatbot ‘Bard’ in the wake of ChatGPT's success; SoftBank's investment…

2 years ago

The Stack: EU Commits to GDPR Crackdown; Meta Shares Soar Following Q4 Results

This week: the European Commission commits to stricter GDPR monitoring, Meta sees shares rise after posting a positive outlook for…

2 years ago