Today’s Slice of Bread for Wednesday. February 28, 2024
Bumble is set to reduce its workforce by approximately 37%, involving the layoff of 350 employees. What factors prompted this substantial reduction, and how does Bumble intend to reshape its workforce strategy moving forward? How might these layoffs align with Bumble’s broader business goals and initiatives, and what measures are being taken to support affected employees during this transition? 
MicroStrategy, a Bitcoin-focused company, sees a 27% surge in two days, propelled by the value of its crypto holdings reaching $11 billion. What factors contributed to this rapid increase in MicroStrategy’s stock value, and how does the company plan to navigate the volatile cryptocurrency market in the coming days? Additionally, with the growing significance of its crypto stake, how does MicroStrategy envision leveraging this substantial holding for its long-term strategic objectives and business development?
Apple scraps its intentions to develop an electric car. What factors led to this decision, and how does it align with Apple’s broader strategic focus in the tech industry? Additionally, with the shift away from electric cars, what new directions or innovations might Apple pursue to maintain its position as a technological leader, and what implications does this cancellation have for the electric vehicle market?
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