TopTechTrends

Shares of Paytm slid over 10% Tuesday to an all-time low of 476 Indian rupees ($5.8) before recovering slightly after the lock-up period for early backers of the Indian financial services firm ended last week. The lock-up period for the company’s earlier backers expired on November 15, freeing significant investors such as SoftBank Group and […]

India’s Paytm slides over 10% to all-time low after lock-up period expires by Manish Singh originally published on TechCrunch

A lot has been made of Twitter’s shrinking workforce, which is reportedly down to 2,300 people down from the 7,500 employed by the company when new owner Elon Musk took control. While we posited that the newest wave of departures was part of Musk’s master plan to shrink down the company, many worry about the […]

George Hotz, hacker and long-time frenemy of Elon Musk, signs on for 12 weeks at Twitter by Connie Loizos originally published on TechCrunch

Benefits are one of the great oxymorons of full-time employment: the name implies help and advantages, but in a lot of cases, it’s hard to know what perks and rewards you might have available to you, much less use them on a regular basis. Now, a startup called Cobee that’s built a platform and app […]

Spain’s Cobee raises $41M for an employee benefits ‘superapp’ by Ingrid Lunden originally published on TechCrunch

On November 14, Nestcoin, one of the startups leading crypto and web3 efforts in Africa, announced that it was laying off several employees. At least 30 employees across various departments were let go, while those who were left at the company had their salaries slashed by as much as 40%, according to people familiar with […]

FTX processed billions monthly in Africa before going bust by Tage Kene-Okafor originally published on TechCrunch

Electric vehicle startup-gone-SPAC Faraday Future has raised a going concern warning, per regulatory filings. The company said it has substantial doubt as to whether it would be able to continue operating over the next year, adding that it is uncertain when it will dispatch first deliveries of its FF 91 luxury EVs. This isn’t the […]

Faraday Future warns it may not be able to deliver its luxury EV by Rebecca Bellan originally published on TechCrunch

Genesis, a digital assets financial services firm, may be in hot water as it looks to raise fresh capital for its lending unit or potentially face bankruptcy if it can’t, according to a report by Bloomberg. Genesis was facing a liquidity crisis after FTX collapsed, which “created unprecedented market turmoil, resulting in abnormal withdrawal requests […]

Crypto firm Genesis says it has “no plans to file bankruptcy imminently” by Jacquelyn Melinek originally published on TechCrunch