Microsoft – American Conservative Movement https://americanconservativemovement.com American exceptionalism isn't dead. It just needs to be embraced. Sat, 26 Oct 2024 17:28:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://americanconservativemovement.com/wp-content/uploads/2022/06/cropped-America-First-Favicon-32x32.png Microsoft – American Conservative Movement https://americanconservativemovement.com 32 32 135597105 Microsoft’s “Inclusivity Checker” Sparks Fears of a Looming “Speech Police”, Flagging Terms Like “Mother” for More “Gender-Neutral” Alternatives https://americanconservativemovement.com/microsofts-inclusivity-checker-sparks-fears-of-a-looming-speech-police-flagging-terms-like-mother-for-more-gender-neutral/ https://americanconservativemovement.com/microsofts-inclusivity-checker-sparks-fears-of-a-looming-speech-police-flagging-terms-like-mother-for-more-gender-neutral/#respond Sat, 26 Oct 2024 17:19:29 +0000 https://americanconservativemovement.com/microsofts-inclusivity-checker-sparks-fears-of-a-looming-speech-police-flagging-terms-like-mother-for-more-gender-neutral/ (Reclaim The Net)—Microsoft is busy inventing new phrases to make sure that, what the tech giant and its likes consider “inclusivity,” is properly reflected in Microsoft Word.

But at least as far as words, “mother” and “father” are concerned, this inclusivity seems to, paradoxically, work by exclusion.

Gone are the days when Word offered spelling and grammar checks. Now, for people who like their writing software to nudge and prod them during the writing process by suggesting “more suitable” replacements, Word has something called “Inclusivity Checker.”

Grammar settings window showing options for inclusiveness, including biases such as age, cultural, gender, and racial.

The repository of terms contained in the tool, that are recommended to be replaced, is only growing.

A modern update takes a dim view of the expression “maternity leave” on “gender-inclusivity” grounds, and suggests that it be replaced with “birth-related leave,” “parental leave,” or “childbirth leave.”

Fathers who go on paternity leave should instead be described as taking “child-bonding leave,” Microsoft thinks. All this is explained as a way to make sure that the writer is inclusive of “all genders.”

Is all this really necessary? Microsoft thinks it is. According to the Free Speech Union, one of the terms writers who, for some reason, use Word are advised to replace is Postman Pat: it should be “Postal Worker Pat,” according to those behind this effort.

In that case, the intent is to avoid the possibility of gender bias. The same goes for “biologically female” – a phrase best avoided, according to Microsoft.

Text editor context menu suggesting gender-neutral alternatives for the word "manpower," including "workforce," "labor," and "power."

The feature is at this time not hard-coded into Word: the software is “inclusive” of both opt-ins (this seems to be the default) and opt-outs. “Problematic” words are underlined in blue and then recommended alternatives pop up.

Right now, there is no auto-correct function, either. But, if critics compare this sort of thing as moving ever closer to Orwell’s dark dystopian world ruled by extreme censorship and government control – one never knows what’s around the corner.

And if you don’t like it, and thought you might switch to, oh, Google Docs? Bad news: this giant also has a similar feature, introduced in 2022.

Google frowns at terms such as “housewife” and “landlord” and would rather you write, “stay-at-home spouse” and, “property owner.”

If you’re tired of censorship and surveillance, subscribe to Reclaim The Net.

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CrowdStrike CSO Shawn Henry Sold 4,000 Shares on July 15, Days Before Massive Microsoft-CrowdStrike Outage https://americanconservativemovement.com/crowdstrike-cso-shawn-henry-sold-4000-shares-on-july-15-days-before-massive-microsoft-crowdstrike-outage/ https://americanconservativemovement.com/crowdstrike-cso-shawn-henry-sold-4000-shares-on-july-15-days-before-massive-microsoft-crowdstrike-outage/#comments Sun, 28 Jul 2024 05:08:01 +0000 https://americanconservativemovement.com/?p=209995 (Natural News)—On July 15, just a few days before the Microsoft-CrowdStrike global tech outage caused by a corrupted anti-virus update (or so we are told), CrowdStrike Chief Security Officer Shawn Henry sold 4,000 shares of CrowdStrike Holdings Inc (NASDAQ: CRWD), a recent SEC filing shows.

After the sale, Henry now owns 183,091 shares of the company, which specializes in cloud-delivered protection of endpoints, cloud workloads, identity and data, according to Yahoo! Finance. CrowdStrike exists to prevent the types of breaches that occurred over the weekend with the crippling of global tech platforms.

Over the past year, Henry unloaded 85,986 shares of CrowdStrike at various intervals. During the same time period, Henry did not make a single purchase of CrowdStrike shares.

Henry is not the only person at CrowdStrike who followed this same MO. A total of 48 insiders at CrowdStrike sold shares over the past year. Not a single one of them made any share purchases during the same time period.

(Related: Did you know that the day before the assassination attempt on Donald Trump, a fund called Austin Private Wealth reported massive short bets on Truth Social [$DJT] and Rumble [$RUM], two platforms directly linked to Trump – what did they know about Trump’s fate that the rest of us didn’t?)

Are CrowdStrike insiders doing insider trading?

The day of Henry’s share sale, the price of a CrowdStrike share was $371.32, which gives the company a market cap of $89.81 billion. The company’s price-to-earnings ratio is an astounding 696.32, which is significantly higher than the industry median of 27.16.

CrowdStrike stock’s GF value is estimated at around $346.82, leading to a price-to-GF-Value ratio of 1.07. In layman’s terms, the stock is considered by the markets to be Fairly Valued.

Those who hold CrowdStrike shares may want to take note of these routine stock sales from Henry and other insiders who are slowly offloading their shares and not buying any more of them. What does this mean for the future of CRWD’s stock price?

After the global outage, CRWD’s price took a big dip of around 11 percent, prompting infamous ARK Invest CEO Cathie Wood to swoop up $12 million in shares.

The CrowdStrike update “glitch” affected tens of millions of Microsoft Windows users, including at airports, hospitals, banks and retailers. The effects of the outage were still being felt on June 22, the start of the following week.

Wood’s ARK Next Generation Internet ETF currently holds $1.45 billion in assets with CRWD now making up two percent of the fund. The ARK Fintech Innovation ETF purchased CRWD as well, which now makes up 1.3 percent of its $893.5 million portfolio.

Though Wood’s two ETF have declined substantially since their February 2021 peaks, Wood is reportedly buying up stocks she believes in with the hope that they will eventually bounce back, save for a market crash.

Wall Street ended up downgrading CRWD’s rating while slashing price targets, which drove the stock’s price down another 12 percent.

Microsoft, meanwhile, released a recovery tool to help IT admins repair Windows machines that were impacted by the update failure.

According to The Verge, the tool creates a bootable USB drive that IT admins can use to quickly recover machines that were damaged and lost files necessary for their operation.

Millions of Microsoft customers experienced the dreaded “Blue Screen of Death” errors preventing their machines from booting up properly. Rebooting damaged PCs multiple times will cause most of them to automatically receive the necessary update, but some machines can only be fixed, reports indicate, by manually booting them into Safe Mode and deleting the corrupted CrowdStrike update file.

More related news about financial crimes in broad daylight can be found at Corruption.news.

Sources for this article include:

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TikTok? Our Every Keystroke Is Already Tracked https://americanconservativemovement.com/tiktok-our-every-keystroke-is-already-tracked/ https://americanconservativemovement.com/tiktok-our-every-keystroke-is-already-tracked/#comments Thu, 14 Mar 2024 12:04:22 +0000 https://americanconservativemovement.com/?p=201890 (WND)—It is an election year. The U.S. House passes a “bipartisan” bill to restrict personal freedom, and it is hailed as a giant step to protect democracy.

Congress apparently hopes to restructure TikTok by force of law. Wednesday the House passed a bill effectively banning the app. Meanwhile, Microsoft records every keystroke on every computer using its operating system and app software. Not only does it collect any data it wishes to collect, Microsoft reviews the user files, manipulates those files for Microsoft’s financial gain, and exposes everyone’s files to governments and to other private users.

Yet many in Congress are upset the Chinese are “poisoning young people’s minds.” Perhaps the Congress ought to apply a constitutional standard to everyone. That would mean we are safe in our homes and in our personal papers from unreasonable search and seizure, and freedom of the press is allowed to reign.

Microsoft defaults everything its software touches to OneDrive. Even if the user uninstalls the OneDrive software, the default persists. To file a document on your own computer, you must override OneDrive each and every time, and any attempt to add that same document in a second file defaults back to OneDrive.

OneDrive constantly searches your computer and any external storage devices. Proof of that is demonstrated by its overzealous “Memories of this day” self-promotion. OneDrive collects your personal photographs and randomly drops a few images into a formatted layout. Not only is this an egregious violation of one’s privacy, it is dangerous. Personal photographs are kept personal for reasons known only to the owner.

Microsoft is not protecting your pictures by only sending them to you. Often their “Memories of the day” includes people and photographs that are not in your storage files. Maybe some pervert somewhere is “enjoying” a photograph of your wife as you read this. Microsoft is promoting Microsoft using your photographs and the photographs of your neighbors or those of some Iranian. Who knows?

Let’s consider the obvious. Lots of people have been married more than once. As a consequence, there may be photo files of the ex-wife with children, so do we really want Microsoft constantly sending your spouse photographs of the ex-spouse? Do we want to take a tour of our neighbor’s private pictures courtesy of Microsoft? There may be a photograph in your file taken when you were more than 50 pounds overweight. You keep it as a reminder. Do you need it flashed across the world by a software company?

Another example of the one world controlled by Microsoft is the constant parade of pop-up boxes. A recent pop-up said it tracked the user and found its involuntary inquiries were not used. So it asked if it should be deleted. We are all happy to eliminate computer clutter, but why does Microsoft record and analyze every keystroke on every computer it controls in the world?

The most often heard rebuttal of this and other invasions of privacy is “I’ve got nothing to hide,” and that works until suddenly you do have something to hide, or at a minimum, not promote. That is when you realize you have no choice. It is up to Microsoft … or the government. Microsoft, Google and others have designed a system for their benefit, not yours.

The spectacle of Congress berating TikTok and the Communist Party of China while we allow American companies to steal the same information at will, is offensive. But the legal precedent is important. First control TikTok.

Before we go all self-righteous over TikTok and propaganda aimed at children, let’s look at the propaganda we routinely allow.

After the Black Lives Matter riots of 2020, there was a dramatic shift in television advertising content. Suddenly, it seemed 90% of the actors hired to perform in advertising were black. Homosexual couples in sexual embrace were common, and obese women were preening and bouncing about enthusiastically. The only time a white male actor lands an advertising gig, it is to play the idiot to the ever-suffering, eye-rolling woman in his life. She, of course, will be laboring over a hot computer while he stands before her, spatula in hand, awaiting her dinner order.

There it is. The entire Democrat Party social agenda paraded every 10 minutes on every channel as the epitome of American life. Demur and you are evil, wicked, bad and nasty.

So Congress is going to save us from China’s TikTok – but who is going to save us from the Advertising Council? Republican Speaker Mike Johnson was all in to pass the Protecting Americans from Foreign Adversary Controlled Applications Act.

OK. But America is drowning in propaganda of its own making.

Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

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Google, Microsoft, Facebook Among Tech Giants Illegally Harvesting Private Health Information https://americanconservativemovement.com/google-microsoft-facebook-among-tech-giants-illegally-harvesting-private-health-information/ https://americanconservativemovement.com/google-microsoft-facebook-among-tech-giants-illegally-harvesting-private-health-information/#respond Sat, 21 Oct 2023 14:32:19 +0000 https://americanconservativemovement.com/?p=197863 This article was originally published by The Defender — Children’s Health Defense’s News & Views Website.

Google, Microsoft, Facebook, TikTok and the majority of medical and healthcare websites illegally harvest and sell private health information despite a federal crackdown on the practice, according to a new cybersecurity report.

The report, by Toronto-based cybersecurity firm Feroot Security, analyzed hundreds of healthcare websites and found that more than 86% are collecting private data and transferring it to advertisers, marketers and Big Tech social media companies without user consent and in violation of privacy laws.

As patients or consumers browse their favorite or trusted medical websites or sign in to hospital portals to access their private health records, invisible bits of HTML code — called “tracking pixels” — embedded on the websites harvest private information, such as whether patients have cancer, erectile dysfunction or are behind on their hospital bill.

The information is repackaged and sold for a variety of uses, including to companies that target individual users with internet ads, according to the report.

The risk of having personal data scraped is particularly high on log-in and registration pages where internet users supply troves of information, unaware it is being hijacked and sold. More than 73% of log-in and registration pages have invisible trackers that pirate personal health information, the study found.

Approximately 15% of the tracking pixels analyzed by Feroot record users’ keystrokes, harvesting social security numbers, usernames and passwords, credit card and banking information, and an infinite variety of personal health data, including medical diagnosis and treatment.

The study showed that “Google is the absolute dominant collector” of data. Ninety-two percent of the websites loaded on the Google search engine contained data-harvesting technology across wide sectors of the U.S. economy including healthcare and telehealth, banking and financial services, airlines, e-commerce, and the federal and state governments.

The number two offender was Microsoft with 50.4% of websites on its platform hiding tracking tools, with Facebook next at 50.2% percent and TikTok at 7.41% percent and growing fast.

Google, as the driver of its parent Alphabet, the world’s fourth largest company, is often called “the most powerful company in the world.” It counts on advertising, a lifeblood of the global digital economy, for 80% of its revenue.

Microsoft and Facebook “round up the Top 3” of companies that systematically breach data, the report said. Representatives of Google, Microsoft, and Facebook denied their companies used tracking pixels to harvest personal data.

Website owners are responsible for controlling data collection, a Google spokesperson said. Google policy prohibits Google Analytics and advertising customers, including for example hospital or telehealth websites, from collecting health data in violation of the U.S. Health Insurance Portability and Accountability Act (HIPAA). It’s up to the websites to determine “whether they are HIPAA-regulated entities and what their obligations are under HIPAA,” Google policy says.

Personal health data collected by a tracker or third party without a user’s consent is a violation of HIPAA, said Feroot CEO Ivan Tsarynny.

Big Tech companies “do have policies that talk about protecting health info,” Tsarynny said. But “the real-world application of these policies is a different story.”

Feroot’s study comes as “concern grows regarding data mining companies using pixels/trackers that load into browsers from websites to collect privacy and sensitive user data,” the report stated.

“Compliance regulators and government authorities are increasingly stepping in with bans, restrictions, and executive orders to curb them.”

Eighteen major hospital systems were sued this year for sharing patients’ sensitive health data with Google, Facebook and other tech giants in violation of privacy laws, according to Becker’s Hospital Review.

They include prominent academic medical centers such as the University of Pittsburgh Medical Center, the University of Chicago Medical Center, the University of Iowa Medical Center, Chicago-based Northwestern Memorial Hospital and the University of California San Francisco Medical Center.

Prompted by growing concerns over data theft and the article, “‘Out of Control’: Dozens of Telehealth Startups Sent Sensitive Health Information to Big Tech Companies,” Feroot launched an investigation “to ascertain the exact magnitude and pervasiveness of social media pixels/trackers collecting and transferring personal, sensitive, and private data using pixels or trackers.”

The security platform Feroot sells to companies “made it possible to get detailed facts regarding active client-side e-skimming,” the company said.

Feroot collected data on pixels/trackers during an eight-week period in January and February.

The company said it examined more than 3,675 organizations with unique websites in seven economic sectors. It studied 108,836 unique web pages, including especially vulnerable login, registration and credit card processing pages, 227 trackers and 7 million data transfers.

Key findings from ‘Beware of Pixels & Trackers’:

  • Pixel trackers are “common and abundant” — an average of 13.16 pixels/trackers were found per website, “with Google, Microsoft, Meta (owner of Facebook), ByteDance (owner of TikTok), and Adobe being some of the most common.”
  • “Mission-critical” webpages, such as log-in or registration pages, increase the risk of exposing private information. An average of 5.96% of websites had pixels/trackers on webpages reading user input forms containing privacy or sensitive data.
  • Pixel trackers transfer data to foreign locations around the globe — “about 5% of the data transferred by pixels/trackers loaded from US-based websites is sent outside the US.”
  • Pixel trackers collect and transfer data without first obtaining the explicit consent of visitors.
  • Pixels and trackers are loading from domains banned by the U.S. government and various U.S. states and even from some of those same governments, including Russia and China. Data obtained by Russian and Chinese websites is a security risk from surveillance and spying.
  • Meta (owner of Facebook and Instagram) and TikTok, owned by Chinese company ByteDance, were “particularly worrisome” for privacy invasion and surveillance risks. Thirty-four U.S. states, both Republican and Democratic-controlled, have banned the use of TikTok on government devices. Montana in May banned the app on all personal devices.
  • TikTok is often present whether or not the TikTok app is deleted. TikTok pixels/trackers can still “load into webpages handling mission-critical user data and can collect and transfer it.”

GoodRX case highlights corporate deceit around data-sharing

While corporations face losing profit and reputation from data breaches or fines for causing them, individuals face a potentially catastrophic loss of privacy when major health websites harvest and sell their information, according to the Federal Trade Commission (FTC).

In February, the FTC fined popular discount drug and telehealth site GoodRx for “failing to report its unauthorized disclosure of consumer health data to Facebook, Google, and other companies.”

The action to “bar GoodRx from sharing consumers’ sensitive health information for advertising” was the FTC’s first enforcement action under its Health Breach Notification Rule.

“Digital health companies and mobile apps should not cash in on consumers’ extremely sensitive and personally identifiable health information,” FTC Bureau of Consumer Protection Director Samuel Levine said in a news release after the settlement. “The FTC is serving notice that it will use all of its legal authority to protect American consumers’ sensitive data from misuse and illegal exploitation.”

The FTC enforcement against GoodRx revealed a particularly egregious, yet not uncommon, example of how corporate health and medical websites betray patient trust and manipulate patient data, the FTC said.

According to the FTC’s complaint, GoodRx violated the law by improperly sharing sensitive personal health information since at least 2017, though it promised otherwise.

The company “deceptively promised its users that it would never share personal health information with advertisers or other third parties,” the FTC charged, and deceptively displayed a seal at the bottom of its telehealth services homepage “falsely suggesting to consumers that it complied with … HIPAA.”

In reality, the FTC complaint said, GoodRx “monetized its users’ personal health information, and used data it shared with Facebook to target GoodRx’s own users with personalized health- and medication-specific advertisements on Facebook and Instagram.”

For example, GoodRx in August 2019 made lists of its users “who had purchased particular medications such as those used to treat heart disease and blood pressure, and uploaded their email addresses, phone numbers, and mobile advertising IDs to Facebook so it could identify their profiles,” according to the complaint.

“GoodRx then used that information to target these users with health-related advertisements.”

People who accessed GoodRx coupons to purchase, for instance, Viagra would see ads for erectile dysfunction medication on their Facebook or Instagram page ads, the FTC says.

“Similarly, people who had used GoodRx’s telehealth services to get treatment for sexually transmitted diseases would get ads for STD testing services.”

GoodRx disclosed to Facebook the medication purchase data it receives from pharmacy benefit managers and also used the data to target ads.

By using Facebook’s ad targeting platform, the FTC said, “GoodRx designed campaigns that targeted customers with ads based on their health information. For example, if a customer had revealed a possible erectile dysfunction issue to GoodRx, they might have seen an ad on Facebook like Exhibit A in the FTC complaint.”

Source: Federal Trade Commission complaint

In February, California-based GoodRx, a $2.1 billion company, paid a $1.5 million civil penalty to the FTC to settle the complaint and denied any wrongdoing.

Howard Danzig, founder and president of Employers Committed to Control Health Insurance Costs, said “fining GoodRx just $1.5 million dollars is not even a slap on the wrist. While many employers are so vigilant about respecting the guidelines of the HIPAA privacy laws, large tech companies basically get a pass.”

“How about major penalties for Facebook, Google and any others who were the beneficiaries of this information?” he wrote on his LinkedIn page with almost 9,000 followers.

“How about determining whether or not there were any criminal violations that should be pursued against the individuals who actually collaborated to do this? How about ‘REPARATIONS’ from the companies involved to the people and customers whose privacy was breached?”

The data breach occurred for “advertising purposes,” he noted. “How far afield can this really be taken and how far afield has it been taken?”

This article was originally published by The Defender — Children’s Health Defense’s News & Views Website under Creative Commons license CC BY-NC-ND 4.0. Please consider subscribing to The Defender or donating to Children’s Health Defense.
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We Are Witnessing an Enormous Wave of Bankruptcies and Layoffs During the Early Stages of 2023 https://americanconservativemovement.com/we-are-witnessing-an-enormous-wave-of-bankruptcies-and-layoffs-during-the-early-stages-of-2023/ https://americanconservativemovement.com/we-are-witnessing-an-enormous-wave-of-bankruptcies-and-layoffs-during-the-early-stages-of-2023/#respond Sat, 21 Jan 2023 12:43:23 +0000 https://americanconservativemovement.com/?p=189039 Editor’s Commentary: Our economy is currently in what I like to call a “Humpty Dumpty” state. Right now, it’s sitting on the wall, that wall being the various bricks that prevent us from being crushed under the weight of $31 trillion in national debt. For example, the petrodollar is a huge brick in that wall, and if that ever changes the wall will collapse and America along with it.

Will there be a great fall soon? That’s hard to say, but on thing is absolutely certain: If our Humpty Dumpty economy does have a great fall, all the nation’s horse and all the nation’s men will not be able to put it back together again. It’ll make The Great Depression seem like a minor fiscal blip, as I discussed in a brief for The JD Rucker Show. Here’s Michael Snyder from The Economic Collapse Blog to explain more…


Is your job safe?  Right now, we are witnessing so much turmoil is so many different sectors of our economy.  The housing market is crashing, the cryptocurrency industry has imploded, the tech industry is laying off workers at an extremely frightening pace, and some of our most important retailers are heading into bankruptcy.  The information that I am about to share with you is deeply troubling.  It has become exceedingly clear that our economy is in huge trouble, and I fully expect that our problems will accelerate even more as the year rolls along.

Let me start by pointing out what is currently happening at Microsoft.  It is one of the wealthiest companies in the entire world, but due to a shift in “macroeconomic conditions” executives have decided that it has become necessary to lay off 10,000 workers

Microsoft announced thousands of job cuts this week, becoming the latest tech company to pluck its workforce as the global economy slows.

The software company confirmed Wednesday its reducing workforce by 10,000 people through the end of the third quarter of the 2023 fiscal year.

The cuts come “in response to macroeconomic conditions and changing customer priorities,” the company’s CEO Satya Nadella released in a statement to its employees Wednesday.

If even Microsoft is laying off thousands of workers, is any job in the private sector truly safe?

Meanwhile, some of the biggest names in the retail industry are plunging into bankruptcy now that the holiday season is over.

On Tuesday, it was Party City’s turn

Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses.

The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt load.

Even more alarming is the fact that it is being reported that a bankruptcy filing for Bed Bath & Beyond has become “likely”

Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter.

The retailer is in the midst a sale process in hopes of finding a buyer that would keep the doors open for both of its major chains, its namesake banner and Buybuy Baby, said the people, who weren’t authorized to discuss the matter publicly.

So many brick and mortar retailers are really struggling right now, and many of them are blaming competition from Internet retailers such as Amazon.

But if Amazon is doing so well, why did they start laying off approximately 18,000 workers on Wednesday?

Earlier this month, Amazon CEO Andy Jassy told employees in a blog post that the company was laying off about 18,000 people as it seeks to cut costs and would begin contacting impacted employees on Jan. 18.

“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy said in the Jan. 4 post. “These changes will help us pursue our long-term opportunities with a stronger cost structure.”

The wave of layoffs that we have been witnessing in the tech industry is truly unprecedented.

Prior to this week, more than 25,000 tech industry workers had already been laid off this year, and this comes on the heels of the massive layoffs that we saw last year…

According to the data tracking website, more than 101 tech companies around the world have laid off 25,436 employees so far in 2023. Most of the layoffs have taken place in the United States, accounting for 22,400 employees fired.

The number of workers being laid off from tech companies is a trend that is continuing since 2022, when 154,336 workers were fired from over 1,000 tech companies around the world, according to the data.

But at least the tech industry is in far better shape than the cryptocurrency industry is.

Let me share four major announcements that have all happened within the past 10 days…

#1 It is being reported that Genesis Global Capital “is laying the groundwork for a bankruptcy filing”

Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation.

The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash, Bloomberg previously reported.

#2 Crypto.com announced that it will be laying off “20% of its workforce”

Crypto.com announced plans to lay off 20% of its workforce Jan. 13. The company had 2,450 employees, according to PitchBook data, suggesting around 490 employees were laid off.

CEO Kris Marszalek said in a blog post that the crypto exchange grew “ambitiously” but was unable to weather the collapse of Sam Bankman-Fried’s crypto empire FTX without the further cuts.

#3 Coinbase has decided “to cut about a fifth of its workforce”

On Jan. 10, Coinbase announced plans to cut about a fifth of its workforce as it looks to preserve cash during the crypto market downturn.

The exchange plans to cut 950 jobs, according to a blog post. Coinbase, which had roughly 4,700 employees as of the end of September, had already slashed 18% of its workforce in June saying it needed to manage costs after growing “too quickly” during the bull market.

#4 The founder of cryptocurrency exchange Bitzlato has actually been arrested.  Apparently he was laundering money on a scale of epic proportions…

The founder of the Hong Kong-based cryptocurrency exchange Bitzlato was arrested early Wednesday in Miami in connection with a vast money laundering operation, accused of transmitting more than $700 million in illicit funds in the past four years.

Deputy Attorney General Lisa Monaco said Anatoly Legkodymov, 40, a Russian national, oversaw a major “high-tech financial hub that catered to known crooks,” including cybercriminals and drug dealers seeking to process dirty money.

The cryptocurrency industry will never look the same again after all of this turmoil.

On top of everything else, the Saudis appear to be poised to make a major move that could literally change everything.

At the yearly gathering of the World Economic Forum in Davos, the Saudi finance minister decided to drop a bombshell

Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.

Needless to say, this could potentially completely undermine the dominance of the petrodollar.

Of course we cannot afford to have that happen, because the dominance of the dollar is one of the only things that is keeping our system afloat.

At this point just about everything is moving in the wrong direction for the U.S. economy, but most people still do not understand the bigger picture.

A lot of the “experts” assume that we will just suffer through a temporary recession and then things will eventually return to normal. I wish that was true.

Unfortunately, our entire system is starting to crack and crumble all around us, and those that are currently running things are not going to be able to put it back together again.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.

I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.

I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Article cross-posted from The Economic Collapse Blog.

Alternative video sources:

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