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Netflix retrench 150 employees due to the company slow growth – Report

Netflix retrench 150 employees due to the company slow growth – Report

Netflix on Tuesday said it has laid off about 150 people, mostly in the United States, as the streaming service company faces slowing growth. The layoffs represent approximately 2% of the company’s workforce in the United States and Canada. “These changes are primarily driven by business needs rather than individual performance, which makes them especially tough...

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Mobile operator MTN recorded 1st Quarter pretax profit of 21%

Mobile operator MTN recorded 1st Quarter pretax profit of 21%

The MTN Group recorded its first-quarter pretax profit increase of 21.1% year-on-year, the jump is supported by the growing demand for data and financial services.  According to Reuters reports, MTN, with 276 million customers in 19 countries across Africa and the Middle East, said service revenue came in ahead of its medium-term target, growing by...

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Rihanna’s Fenty Beauty to launch in motherland continent, Africa

Rihanna’s Fenty Beauty to launch in motherland continent, Africa

Rihanna’s Fenty Beauty and Fenty Skin are launching in eight African countries on the 27 May.  This comes after Rihanna’s fans have been asking her to bring the products to the continent for the past five years since the launch.  In an Instagram post, the hitmaker and now beauty mogul said, “I’ve been waiting for...

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VeeCon, NFT conference launches this Thursday in Minnesota

VeeCon, NFT conference launches this Thursday in Minnesota

After two years of planning Gary Vee’s VeeCon, NFT and Crypto conference is taking place this Thursday.  All NFTS enthusiasts will congregate at U.S. Bank Stadium, Minnesota non stop festivities around NFTs, cryptos, cards, music and entrepreneurship.  In a blog post, Gary Vee said his open and willing to collaborate with others within the NFTs...

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Motivation | Practical Business Tips for Aspiring Entrepreneurs

Motivation | Practical Business Tips for Aspiring Entrepreneurs

By 34 years old, I had built my dad’s liquor store into a $60M business, and I never made more than $150,000 a year. I was also 34 years old before I ever made a single piece of content about business for the internet. VaynerMedia was started in the conference room of another company, Buddy Media,...

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Tesla CEO Elon Puts Twitter deal on Hold

Tesla CEO Elon Puts Twitter deal on Hold

Elon Musk is pumping the brakes on Twitter (TWTR) because it’s got something to prove. The deal will be on hold until Twitter can prove that only 5% of Twitter accounts are spam. What’s the big deal? Spam accounts have plagued social media platforms for years now, and it’s messing with monetization. In Q1, Twitter reported that...

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Wix.com, web creator expects to turn a profit soon after 2 decades

Wix.com, web creator expects to turn a profit soon after 2 decades

Website creator Wix.com, which helps small businesses build and operate websites, said it would soon start turning a profit in its bottom line, after reporting a wider-than-expected loss in the first quarter. Since its founding in 2006, the Israeli company has been in the red, with company officials citing the need for large investments to...

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Zoom acquires Solvvy, an automation and intelligence company

Zoom acquires Solvvy, an automation and intelligence company

A video chat application Zoom has announced the acquisition of Solvvy, a customer service solution. The company plans to integrate the service on Zoom.  In a blog post about the new development, Zoom said, Combining contact centre functionality with Zoom unified communications solutions, Zoom Contact Centre can operate as a standalone customer experience solution or...

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