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Bumble cut 30% of its workforce—the magnitude of which JPMorgan says ‘comes as a surprise’

Considering how much dating apps are struggling, Bumble’s announcement via an 8-K filing on Wednesday of a 30% workforce reduction may not seem that shocking.  But JPMorgan analysts wrote in a Wednesday note the magnitude of the layoffs (which amount to about 240 jobs) “comes as a surprise” because the company had already announced $15 … Read more

Powerful 7.7 magnitude earthquake hits Myanmar, with shaking felt as far away as Bangkok

A powerful earthquake rocked central Myanmar on Friday, buckling roads in capital Naypyidaw, damaging buildings and forcing people to flee into the streets in neighbouring Thailand. The 7.7-magnitude tremor hit northwest of the city of Sagaing on Friday afternoon at a shallow depth, the United States Geological Survey said. A 6.4-magnitude aftershock hit the same area … Read more

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