E54 Tesla, Tencent, ByteDance, and Unity layoffs, FTX passes on Celsius, Three Arrows Capital and Coinflex update

Hi friends,

I am back with another edition of Addition! I recorded this episode on Thursday, June 30th, 2022. You can watch on YouTube here:

Listen on Apple Podcasts, Spotify, Google Podcasts, and all other platforms!

Show notes:

00:00 Intro and welcome

00:24 Like, share, subscribe, follow

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01:12 Crypto markets

01:40 Stock markets

01:51 Addy’s thoughts on the markets

02:36 Crypto hedge fund Three Arrows Capital plunges into liquidation | Business News | Sky News

Article: https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402 

04:38 FTX walked away from a deal with Celsius after seeing state of its finances (theblock.co)

Article: https://www.theblock.co/post/155069/ftx-walked-away-from-celsius-deal 

06:48 Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources (coindesk.com)

Article: https://www.coindesk.com/business/2022/06/29/genesis-faces-hundreds-of-millions-in-losses-as-3ac-exposure-swamps-crypto-lenders-sources/ 

7:58 CoinFlex CEO: Unlikely to resume withdrawals Thursday (cnbc.com)

Article: https://www.cnbc.com/2022/06/29/coinflex-ceo-unlikely-to-resume-withdrawals-thursday.html

09:16 Tesla (TSLA) Lays Off Workers in Autopilot Unit, Closes San Mateo Office - Bloomberg

Article: https://www.bloomberg.com/news/articles/2022-06-28/tesla-lays-off-hundreds-of-autopilot-workers-in-latest-staff-cut#xj4y7vzkg 

09:27 Sources: Unity Laying Off Hundreds Of Staffers [Update] (kotaku.com)

Article: https://kotaku.com/sources-unity-laying-off-hundreds-of-staffers-1849125482?scrolla=5eb6d68b7fedc32c19ef33b4

11:34 Tencent, ByteDance Implement Fresh Layoffs Amid China’s Economic Pains - WSJ

Article: https://www.wsj.com/articles/tencent-bytedance-implement-fresh-layoffs-amid-chinas-economic-pains-11656590596?mod=djemalertNEWS

12:57 Career segment

Email Addy with questions additionpod.gmail.com

15:15 What Addy is geeked out about this week

Thanks again for all of your support!

Cheers,

Addy