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Big Tech layoffs deflate Musk and Zuckerberg

  Restructuring is a horrible time for the staff of any company, but it’s also an opportunity to concentrate on what reliably makes money. Elon Musk has made cuts so deep at Twitter Inc. that his team has started asking dozens of workers to return after being laid off last Friday, when about half of them were shown the door. ...

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UK gives Korean Air, Asiana one week to address merger concerns

Bloomberg The UK competition regulator said it would launch a more in-depth investigation into Korean Air Lines Co. and Asiana Airlines Inc if the carriers fail to allay concerns their proposed merger would lead to higher prices for passengers and impact cargo operators. The airlines have until November 21 to submit proposals to address competition concerns, the Competition and Markets ...

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Nike to open its own virtual sneaker store and trading platform

  Bloomberg Nike Inc. is opening an online store and trading platform for virtual sneakers as management pumps investment into the metaverse. The world’s largest sportswear company will release its own goods on the .Swoosh platform, and users will be able to collect and show off their items on it. The digital products will include various types of tie-ins and ...

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