Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek.
- However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over the next few quarters.”
- Spotify had ~8,230 employees globally at Q1-end.
- Also Read: Alibaba Continues Organizational Restructuring, Global Diversification To Beat Regulatory Crackdown Blues
- Previously, during an investor conference, CFO Paul Vogel alerted about monitoring the global economy and evaluating its headcount growth in the near term.
- Spotify had also predicted that its investments in podcasting and audiobooks would fuel growth over the next decade, Reuters reported.
- Streaming giants like Netflix, Inc (NASDAQ:NFLX), which had a great run during the pandemic, are now facing the heat following recovery and surging inflation rates which have restricted consumer spending.
- Several big names, from PayPal Holdings, Inc (NASDAQ:PYPL), Warner Bros. Discovery, Inc (NASDAQ:WBD) to Alibaba Group Holding Limited (NYSE:BABA), have undergone significant restructuring to beat the macro uncertainties.
- Wells Fargo analyst Steven Cahall upgraded his rating on Spotify subject to certain conditions.
- Price Action: SPOT shares closed higher by 7.4% at $105.31 on Wednesday.
- Photo Via Company
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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