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[Music] Hey hamsters, a major tech layoff, a shiny new tool for Grammarly, and a little shop for Coinbase. This and more in today's episode of Hamster News. Hold on to your whiskers. It's another good one. In what appears to be an efficiency play to have fewer managers, Microsoft makes a round of cuts to its workforce, laying off about 9,000 employees, a little bit less than 4% of its total staff. This follows multiple rounds earlier this year, including a big one in May that impacted over 6,000 jobs. I'm shocked. This is shocking news. While some companies are downsizing, Grammarly is taking the opposite route. The writing tool signed a deal to acquire Superhum, an email app that had previously boasted a long list of new users. Although no price tags were revealed, Superhum was last valued at $825 million and continues to bring in $35 million a year. Good move, Grammarly. Good move. Joining the buying spree, Coinbase announced it would be purchasing liquify, a token management platform, as part of its big 2025 push into early stage tokenization projects.
Crypto winter perhaps not interesting. The absence of a crypto winter also proves true for President Donald Trump, who has reportedly added $620 million to his portfolio, which now totals over $6 billion. According to Bloomberg, it's all thanks to crypto linked ventures, which now make up a significant slice of his fortune. And rounding out today's episode, Open EI is speaking out to clarify that tokens distributed to EU users by Robin Hood do not represent equity in the company. In a post on social media, the company said it is not involved with or endorsing the offering. The warning, tread carefully. Okay, that's all for today. Thanks for watching. Subscribe and remember hamsters are power. One for all and all for one. Bye..
