AI Disruption Fears Linger in Software Stocks
Goldman Sachs warns AI fears may impact growth stocks for years; Servicenow down 48%, Salesforce 36% YTD. Meta, Amazon, and Alphabet poised for recovery. #Update #Finance
jobs
Crypto Firms Cut 100s Jobs Amid Weak Markets
@AlgoFoundation cuts 25% of its staff due to weak markets, following layoffs at @Gemini and @Crypto.com. The broader crypto sector sees significant job losses amid industry consolidation. #Update #Crypto $ALGO
Block Cuts Up to 10% of Jobs
@BlockInc may cut up to 10% of its workforce amid a business overhaul, affecting hundreds of employees. Fourth-quarter earnings are expected at $403 million. #Update #Crypto $BTC
Kraken Loses Multiple Senior Executives
@Kraken has lost four senior executives from its institutional division as it prepares for a potential IPO in Q1 2026, amid recent job cuts and declining Q2 income. #Update #Crypto