adplus-dvertising
Connect with us

Business

Gaming Pros Battle Elon Musk’s Twitter While Ditching Bankrupt Crypto Sponsor

Published

 on

Ever since Elon Musk took over Twitter and started pissing on the walls and shitting on the carpets, the social media platform has been wracked by sudden and cruel layoffs, half-assed product launches, and broken features. One of the big changes is that verified users are no longer able to change their name because at one point accounts started responding to the chaos by posing as blue check parody accounts posing as Nintendo, Lockheed Martin, and even Musk himself.

FTX’s big blowup as a result of its CEO’s hubris and negligence thus intersected at a transcendent 90 degree angle with Twitter’s own big blowup as a result of its CEO’s hubris and negligence. At least for a little while.

Pro gamers that they are, it didn’t take those at TSM too long to figure out an exploit. It turns out that trying to save a name change over and over again as rapidly as possible will eventually make it stick. “For any verified people wanting to change their display name. Giga giga spam save when changing your display name on DESKTOP only. TSM social team fingers are now worn out,” tweeted the company’s global head of social, as first reported by Axios.

Outside of that initial hiccup, TSM’s post-FTX transition appears to have gone smoothly. It’s not really clear how much deeper the relationship between the two companies went besides plastering those three letters everywhere TSM fans might see them.

300x250x1

Notably, Sam Bankman-Fried, FTX’s founder and the new face of crypto Ponzi schemes, was a big fan of League of Legends. He played it during meetings with big investors. He was also reportedly terrible at, leading even U.S. Congresswoman Alexandria Ocasio-Cortez to dunk on his Bronze III ranking. But whether his love of the Riot Games MOBA had anything to do with him pushing the TSM sponsorship in the first place, it didn’t even end up leading to FTX appearing at League of Legends events. Riot prohibited the letters from appearing anywhere near its competitive games, including Valorant, because of the “activation risks” to fans associated with crypto promotion.

And while TSM will no doubt miss that $210 million, especially at a time when esports companies are battling layoffs amid the ongoing recession, things could have been worse. FTX was pushing its token, FTT, as part of the deal, but TSM told The Washington Post that it sold off that crypto months ago, before it plummeted after the exchange blew up.

Source link

Continue Reading

Business

SBF's mom, Caroline Ellison aren't cooperating in bankruptcy probe: lawyers – Markets Insider

Published

 on


  • SBF, his mom, his brother, and key executives in his crypto empire aren’t cooperating in the FTX bankruptcy case, according to a recent court filing.
  • FTX lawyers said several key insiders have not responded or declined to give requested information related to the collapsed exchange.
  • But discussions with Bankman-Fried’s father and another FTX executive have been making progress, the filing said.

Sam Bankman-Fried’s mom, brother, and former executives from his empire have not been cooperating with the investigation into FTX’s finances, according to the failed crypto exchange’s team of lawyers.

Lawyers have been working nonstop to locate and recover FTX’s assets since the crypto exchange declared bankruptcy in November, according to a court filing on Wednesday. Now they intended to subpoena Sam Bankman-Fried, his family, and former lieutenants.

While some of them have responded to letters sent by FTX’s lawyers asking for more information, none of them have voluntarily given the requested documents or information, the filing said.

In particular, former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang have declined to give FTX’s lawyers requested information.

While they aren’t cooperating on the FTX bankruptcy case, both Ellison and Wang agreed to cooperate with prosecutors in their criminal case against Bankman-Fried after they pleaded guilty to fraud. Bankman-Fried has pleaded not guilty to fraud charges.

FTX’s former director of engineering, Nishad Singh, has not responded to bankruptcy lawyers’ information requests, though the 27-year-old crypto exec was reportedly one of the few people who knew FTX was misusing customer funds.

FTX lawyers also said they were not able to get a “meaningful engagement or any response” out of brother Gabriel Bankman-Fried, while mother Barbara Fried “ignored the Requests altogether.”

However, discussions with Bankman-Fried’s father Joseph Bankman and former FTX COO Zhe Wang have been making progress, the filing said.

“Certain insiders are currently cooperating with the Debtors to provide important information. But others are not, and thus, authorization to issue subpoenas to those with the missing information is critical to the Debtors’ and Committee’s recovery efforts,” lawyers said, adding there were still  “key questions” about FTX’s finances and transactions that needed to be answered. 

So far, liquidators have recovered $5 billion in liquid assets, but locating the rest of the money could take months, Ray warned, considering that the exchange had virtually no record-keeping.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

Being Charismatic Greatly Benefits Your Job Search

Published

 on

Charismatic Greatly Benefits Your Job Search

We all know someone who walks into a room and instantly turns heads. There is an immediate attraction to them without any apparent effort on their part. Their company makes you feel good. They seem cool, confident, collected, self-assured, and comfortable in their own skin. They may not be attractive, wealthy, or intelligent, but they have a certain something—charisma.

In my opinion, there is nothing more advantageous for a job seeker than having a magnetic personality—attracting rather than repelling.

It is comfortable for job seekers and employees to believe that their education, skills, and experiences are what will lead them to be hired and receive promotions and raises. Such a mindset leads to frustration and disappointment.

I firmly believe that the ability to become charismatic is not innate and can be learned. This is an important trait to have, especially when interviewing. Understandably, employers are attracted to candidates who can effortlessly establish friendships, influence people, and collaborate well with coworkers, managers, clients, and others. After all, relationships are the backbone of the business. Possessing charisma will make you more desirable, especially when compared to your less motivated competition, and thus give you a competitive advantage.

300x250x1

In my last column, Employers Buy Into You Based on Emotion, I mentioned two interview truisms:

  1. Being likable trumps your skills and experience, and
  2. Throughout your interview, your interviewer is asking themselves: “Do I like this person?”

(Worth repeating: The deciding factor in all hiring is the interviewer asking themselves, “Do I like this person?”)

Even for a hard-to-fill position, I have yet to know a hiring manager who has ever hired someone they did not like.

Since job search and career success rely heavily on your people skills, you should develop your people skills and make yourself a charismatic individual that employers, and your colleagues, will want on their team.

According to social psychologists, charisma is made up of three primary qualities:

  • Presence
  • Power
  • Warmth

The most effective interviewees know how to engage their interviewer with candid, stimulating conversation, drawing them into their way of thinking through their charisma and confidence. More precisely, charismatic interviewees can persuade their interviewer to open up to them by coming across as authentic, knowledgeable, and attuned to their interviewer’s and employer’s needs.

The most effective job seekers employ three communication “tactics” in order to connect with their interviewer and professionals they meet (Networking is effortless when you have a charismatic personality.):

 

  1. They listen and maintain consistent eye contact.

“One of the most sincere forms of respect is actually listening to what another has to say.” – Bryant H. McGill, American author.

A charismatic personality is built on attentive listening; therefore, the first step to becoming charismatic is: Be present at the moment!

Turn off your smartphone or leave it at home or in your car. During your interview, refrain from staring at the view outside your interviewer’s window, scanning their office, looking at the employees walking by, or thinking about what you want for lunch. Give your interviewer your undivided attention throughout the interview. Focus on them, not the surroundings or any of the monkey chatter that may be going on in your head.

 

  1. Rather than avoid possibly making a bad impression, they say what they think.

Interviewees do little to impress and connect with their interviewer by answering questions in such a way as attempting to avoid making an unfavorable impression. Cliched answers are unimpressive and forgettable.

Charismatic interviewees aim to build a trusting relationship with their interviewer, not fly under the radar. Consequently, they are sincere and upfront about who they are and what they stand for.

Due to their desire to be authentic, they are willing to take the risks that come with being upfront. Their self-confidence motivates them to adopt a mindset that if their interviewer cannot accept them as they are, then they are not a fit.

 

  1. They appeal to the traits and ideals their interviewer assigned themselves and their company.

This is an aspect of charisma that is tricky.

Fundamental to building a relationship is showing respect for how the other person sees themselves.

Your interviewer has an image of themselves and their company; whether it is accurate is irrelevant.

During your interview, listen carefully to learn what are your interviewer’s pride in themselves and their company. A great question to ask: “What is your proudest achievement while working here?”

It should not be surprising that most hiring managers view themselves as competent, innovative, and influential, possessing inherent leadership skills.

Interviewees with charisma leverage these perceived traits and emphasize that they are interested in the job due to the organization’s leadership team, culture, and reputation.

The key to being a charismatic interviewee is developing an ability to make your interviewer feel understood and respected, which is an ability you should be using throughout your life to enhance your various relationships.

Interviewers (READ: all human beings) crave sincere appreciation and perceived importance from candidates. Therefore, charismatic interviewing involves effectively conveying such a message and feeling. Showing interest in your interviewer is always an effective job search strategy.

______________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

 

Continue Reading

Business

India’s Adani Group loses $48bn in stocks over fraud claims

Published

 on

Hindenburg Research claimed Adani Group had committed ‘brazen’ corporate fraud but Adani Group dismissed the report.

Shares of Asia’s richest man Gautam Adani’s business empire plunged, leading to losses of $48bn after a US investment firm claimed it had committed “brazen” corporate fraud.

Seven listed companies of the Adani conglomerate lost a combined $48bn in market capitalisation after Hindenburg Research flagged concerns in a January 24 report about debt levels and the use of tax havens.

Adani who was the world’s third-richest person at the start of the week is now ranked number seven on Forbes’ billionaires tracker after a $22.6bn hit to his fortune in Friday’s trade.

300x250x1

Adani Enterprises, the group’s flagship company, plunged nearly 20 percent over the day’s trading in Mumbai, briefly triggering an automatic trading halt, before recovering slightly to close 18.52 percent lower.

Five other group companies hit their own stock exchange circuit breakers, with shares in Adani Total Gas, Adani Green Energy and Adani Transmission falling 20 percent apiece.

“Obviously, this is panic-selling,” JM Financials equity research chief Ashish Chaturmohta told AFP, adding that traders were creating new short-sell positions to protect earlier bullish bets on Adani stocks.

Hindenburg Research said in its report that Adani Group had used undisclosed related-party transactions and earnings manipulation to “maintain the appearance of financial health and solvency” of its listed business units.

Adani Group dismissed the report as baseless and that it was the victim of a “maliciously mischievous” reputational attack by Hindenburg.

Legal chief Jatin Jalundhwala said Adani was exploring considering taking legal action against the New York-based research advisory in US and Indian courts.

Hindenburg responded that Adani had ducked the issues its research had raised and instead resorted to “bluster and threats”.

“If Adani is serious, it should also file suit in the US,” the firm said in a statement. “We have a long list of documents we would demand in a legal discovery process.”

Adani, with a net worth of $96.6bn, is considered a close supporter of Prime Minister Narendra Modi. India’s main opposition Congress party has often accused Adani, and other billionaires, of getting favourable policy treatment from Modi’s administration, allegations the billionaire has denied.

The Adani Group was established in 1988, beginning with commodities trading. The conglomerate’s business interests now extend from ports and airports to mining and renewable power.

The report said a pattern of “government leniency towards the group” stretching back decades had left investors, journalists, citizens and politicians unwilling to challenge the group’s conduct “for fear of reprisal”.

“The signal is that because the Adanis are very close to the powers that be today, therefore nobody would challenge them,” economist Arun Kumar told AFP.

“Those who earlier criticised Adani, those who tried to do some investigation, Adani’s launched big [legal] cases against them, so they have scared off a lot of people,” he added.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Trending