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Tokenmaxxing Turns To Layoffmaxxing: Uber Slashes Thousands In "Significant" Overhaul
Tokenmaxxing Turns To Layoffmaxxing: Uber Slashes Thousands In "Significant" Overhaul
Bloomberg obtained a letter from Uber Technologies CEO Dara Khosrowshahi to employees announcing "significant organizational changes" across the company aimed at reallocating spending toward delivery, artificial intelligence, and an increasingly expensive robotaxi buildout.
"Today, we're making several significant organizational changes across Uber. We are removing layers, simplifying team structures, refining our global location strategy, and focusing our people and investments against the biggest opportunities ahead of us," Khosrowshahi wrote in the letter.
The latest Bloomberg data show that, as of 2Q26, Uber...
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May 27, 2026 / Tyler Durden
Futures, Bonds Tumble, Oil Surges After Middle East Attacks Resume
Futures, Bonds Tumble, Oil Surges After Middle East Attacks Resume
Summary
Equity Futures Tumble, Oil Surges On Fresh Middle East Strikes
US forces carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz. In response, Iran targeted the American airbase from which the attack originated, according to a Tasnim report, which cited the Islamic Revolutionary Guard Corps. Kuwait also said it’s responding to hostile missile and drone threats
New US strikes in Iran reported, after Iranian drone intercepts in Hormuz area.
Trump red line (PBS):...
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Apr 21, 2026 / Tyler Durden
Data Centers Drove Half Of All Growth In US Electricity Use In 2025
Data Centers Drove Half Of All Growth In US Electricity Use In 2025
Global electricity demand rose by 3% in 2025, with growth nearly triple compared to the 1.3% increase in total energy consumption, as data centers and electric vehicles continued to push power use higher, the International Energy Agency (IEA) said in a report on Monday.
Overall global energy demand growth slowed to 1.3% in 2025, slightly below the previous decade's average of 1.4% and significantly lower than in 2024, as global economic growth slowed and cooling demand in Asia was...
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Jun 16, 2026 / Tyler Durden
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022.
CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO.
As...
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