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Musk: Twitter Is Losing more than $4 million a Day, and cutting jobs Is a 'last resort'

"Twitter is losing over $4 million a day and I have no choice but to lay off employees," tweeted Elon Musk, CEO of Twitter, on November 5, BlockBeats reported. "Each employee who was laid off was given 3 months severance pay, which is 50% more than legally required."

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On-Chain Activity

4h ago

"UBTC Swap Whale" once again swapped BTC for 3,038.73 ETH, approximately $7.5 million.

7h ago

Fasnara Capital holds short positions worth $192 million, accounting for 86.3% of total holdings, with an overall unrealized loss of $5.63 million currently.

7h ago

A trader spent $8,790 to buy KIMCHI and cleared their position for a profit of approximately $255,900.

8h ago

ETH's largest long-position institution adds to position to average down, total scale rises to $382 million

24H Important News

2026-10-22

Internet infrastructure software exposed security risks in quick succession within a single day, involving PHP, Node.js, and Go.

PHP Vulnerability Response: Website Operators Must Immediately Update Versions, Regular Users Should Strengthen Account Security and Phishing Protection

Dataline completes $10.6 million seed round financing and plans to conduct an ICO.

ABA Displeased as OCC's Final GENIUS Act Rule Abandons Proposed Stablecoin Yield Restrictions

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