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Larry Summers: FTX could be an Enron

Former Treasury Secretary Larry Summers has suggested cryptocurrency exchange FTX's collapse could have similarities to energy firm Enron's scandal.

Facebook perks part of Meta downfall

CEO Mark Zuckerberg indicated Wednesday Meta Platforms has reduced lavish employee perks amid broader cost-cutting measures across Facebook's parent company.

Meta to lay off over 11K employees

Meta CEO Mark Zuckerberg announced in a letter to employees on Tuesday morning that more than 11,000 employees would lose their jobs. The company has about 87,000 workers.