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.
- E-commerce marketplace Wayfair Inc (NYSE:W) looks to slash 870 jobs to save costs amid the economic slowdown.
- The job cut constitutes 5% of its global workforce and 10% of the corporate team.
- Wayfair also looked towards “substantial” reductions in third-party labor costs.
- Wayfair looks to book $30 million and $40 million of costs, consisting primarily of employee severance and benefit costs, likely to incur in the third quarter of 2022.
- In other cost-cutting news, Snap Inc (NYSE:SNAP) aborted the development of its Pixy flying selfie camera to cut costs amid economic uncertainties.
- Recently, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google launched initiatives to boost productivity while not ruling out layoff options.
- Netflix, Inc (NASDAQ: NFLX), Twitter, Inc (NYSE: TWTR), and Tesla, Inc (NASDAQ: TSLA) downsized the workforce amid the slowdown.
- Price Action: W shares traded lower by 7.49% at $66 in the premarket on the last check Friday.
- Photo via Wikimedia Commons
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!