Buzzfeed shutters news division, leans into AI
Less than one month after it shuttered its news division and laid off 180 staffers, BuzzFeed’s CEO says it’s “leaning into AI” in a Q1 earnings call.
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Disney reportedly scraps its metaverse division
The metaverse division was originally put together to work on new ways to engage Disney’s audience.
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
Australian state police sets up crypto division to trace transactions
The use of crypto in criminal activity has reportedly significantly increased since the AFP made its first crypto seizure in early 2018.
Snapchat’s parent company shutters Web3 division amid layoffs
The company said it will let go of its Web3 division to make way for restructuring after falling behind financial targets.
New York financial regulator fines Robinhood's crypto division $30M
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris.
Lummis-Gillibrand crypto bill comprehensive but still creates division
The senators introduced new approaches to familiar questions concerning digital assets and decide how to divide regulatory responsibilities.
US investment bank Cowen launches dedicated crypto division
Cowen initially announced plans to move into the crypto custody business in May 2021, entering a partnership with Standard Custody and Trust Company.
Democrat division over crypto isn’t all bad news for regulation
The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers.
GameStop shares jump 26% in after hours trade after NFT division unveiled
GameStop has reportedly hired 20 members for its new NFT division, and is close to securing partnerships with two crypto firms for NFT game development.