Is Twitter Left with Only 1300 Employees? What Does Elon Musk Have to Say? First Hearing in Genesis Bankruptcy Case is Scheduled

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Elon Musk denies claims that Twitter employs 1300 people! Read more tech news

Good Morning tech fam, here are some quick tech updates for you to catch on to!

What’s New Today: Report: Samsung is Developing “Lifelike Pixels” Technology for OLED Screens.

Fast-Track Insights: ‘Regulation By Enforcement’ is a “Bogus” Term, According to a Former SEC Chief.

Elon Musk has refuted recent claims that Twitter’s full-time employee count has been significantly reduced. Twitter is a social networking platform. Twitter CEO Musk indicated that there is roughly 2,300 active, working staff at Twitter in a post on Saturday. He provided information that was in direct opposition to a CNBC article that stated the company had decreased its staff to about 1,300, with fewer than 550 full-time engineers by title. Additionally, according to CNBC’s story, about 75 of Twitter’s 1,300 employees—including about 40 engineers—are currently on leave. The company still has “hundreds of staff working on trust & safety, along with many thousand contractors,” according to Musk, who refuted these assertions.

For its OLED screens, Samsung is apparently developing a new technology called Lifelike Pixels. According to SamMobile, the tech giant has submitted a trademark application for the term “Lifelike Pixels” in South Korea. Although the technology’s operation is unclear, it is anticipated to be utilised in the company’s upcoming OLED screens for smartphones and tablets. The business may eventually expand the new technology to other gadgets, such as laptops, wearables, augmented reality (AR), or virtual reality (VR) screens. The tech giant also registered a trademark for the term “Flex Hybrid” on the same day as this trademark application. The company’s latest display kind called Flex Hybrid, slides and folds at the same time. Improved colour is probably connected to lifelike pixels.

The Account switcher on the web is getting a Material You overhaul from tech giant Google. According to 9To5Google, the revamp has two primary containers and rounded corners for all elements. The device in the foreground includes a larger profile avatar, the user’s name and email address next to it, and a “Manage your Google Account” button that is situated in a rounded rectangle rather than the standard pill. For users with multiple accounts, the next item that appears is “Add another account,” which completes the inner container. Additionally, “Sign out” or “Sign out of all accounts” are displayed in the background along with “Privacy Policy” and “Terms of Service.” According to the research, there is light (white/light grey) and dark (black/dark grey) themes.

According to court documents, the first hearing in the bankruptcy case of Genesis Capital will take place on January 23 at 2:00 p.m. Eastern Time. The case will be heard by Judge Sean H. Lane of the Southern District of New York Bankruptcy Court. According to Mark Pfeiffer, a bankruptcy lawyer with the law firm Buchanan Ingersoll & Rooney, businesses can file for Chapter 11 bankruptcy and provide a reorganization plan to creditors while carrying on with normal company activities. The court will decide whether to accept the relief sought by Genesis Global Holdco and two of its lending business subsidiaries, Genesis Global Capital and Genesis Asia Pacific — collectively known as Genesis Capital — under Chapter 11 as the first step in the bankruptcy proceedings.

SEC enforcement operations have been referred to as “regulation by enforcement” by “cryptocurrency lobbyists,” according to a former Securities and Exchange Commission (SEC) staffer, who called the phrase a “Bogus Big Crypto Catch Phrase.” The reasoning is “sorely erroneous,” according to John Reed Stark, a former director of the SEC’s Office of Internet Enforcement and an opponent of cryptocurrencies, who wrote in a blog post on January 22. This is because this is how securities laws function. He asserted that the way securities regulation actually operates is through litigation and SEC enforcement. The ability of SEC enforcement to combat fraud is made possible by the flexibility of the SEC’s statutory armoury, which is a characteristic of the SEC.

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