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Beverage giant PepsiCo is cutting hundreds of jobs in its North American snacks and beverages division, according to information obtained by the Wall Street Journal, as part of a plan “to simplify the organization so we can operate more efficiently”—making it the latest company to plan major cuts amid fears that inflation could slide the economy into recession. Take a look at all the massive layoffs happening here
One of the best bets in real estate is no longer a sure thing
Home is where the heart is, but it might not be where the returns are anymore.
For the past three years, investing in single-family rentals was the gift that kept on giving. Even as housing prices skyrocketed, companies managing so-called SFRs were happy to outbid everyone else to add to their inventory.
The rationale is simple: There's no shortage of people who want to move to the suburbs but can't afford to outright buy a house.
Musk Struggles to Retain Twitter Advertisers
The chaos from Elon Musk’s Twitter takeover has driven away advertisers as the company struggles to hang onto its most significant source of revenue.
Half of Twitter's top 100 advertisers have left the site since Musk became CEO in October.
Twitter has cut its advertising revenue projection for the last three months of the year to $1.1 billion from $1.4 billion, and the number may continue to slip, according to three people with knowledge of the subject cited by the New York Times. Read up on the key takeaways here
Court sets new deadline for Celsius restructuring plan
Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan.
The approval to extend the exclusivity period came after two court hearings on Dec. 6. Celsius, in an official tweet, said that they requested approval to permit the sale of stablecoin, aimed at providing liquidity for continued operations The Judge has indicated that he will share his decision soon, likely next week.
Celsius hopes to use extension period to develop a plan for a stand-alone business and said:
Crypto Twitter uses new AI chatbot to make trading bots, blogs and even songs
The crypto community appears to be having a ball with ChatGPT, a recently launched Artificial Intelligence (AI) chatbot created by research company OpenAI — using it for a multitude of applications including a trading bot, a crypto blog, and even an original song.
The bot is a language interface tool that OpenAI says can interact “in a conversational way” and can be used to answer questions or assist in making almost anything it’s prompted to create, with some limitations.
What can't this AI do? Check out everything people have used it for already
CZ publicly addresses ‘wrong narratives’ surrounding FTX, Alameda
When discussing the fourth ‘wrong narrative’, CZ rejected the idea that ‘CZ’s tweet destroyed FTX’ by explaining that a tweet could not destroy a “healthy business.”
Although, CZ then pointed to a tweet by Alameda Research CEO Caroline Ellison as an example of a tweet that “may have” destroyed a business.
View each of the highlights here...
What if Hive Had a CEO?
ive is a unique ecosystem in the crypto space. As I always say - Decentralization lives on a spectrum. Nothing is full decentralized. Nothing if fully centralized.
Hive lives further on that spectrum than 99% of cryptos. It's comes close to something like a Bitcoin network and far from something like a Solana or BSC network. Watch the short clip here and learn more
Chain Chatter #4 | Digital Assets & Management With Jason (Legends at War) and Wojtek (Sabre Games)
In this episode, we're joined by Jason with Legends at War and Wojtek with Sabre Games.
This was a really fun chat and we covered a wide breadth of topics. Our focus was largely around digital assets and managing crypto teams.
I think our conversation had some great leanings toward the inner workings of a crypto project.
Watch the full episode and highlights here...
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here
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Thanks for the great read!
Nice selection
It looks like everyday I read about a new company doing major layoffs.
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I have had too much fun with Chat GPT. It's the new internet sensation.
Also crossed 1M users within a week of the launch. Crazy!
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