Why Twitter Blue subscriptions were paused amid Elon Musk takeover

With Elon Musk's Twitter takeover, sweeping changes have come through to the social media platform. Global's Anne Gaviola unpacks these changes with The Peak Daily co-host Brett Chang, which includes the pausing of the new Twitter Blue subscriptions program due to an influx in verified imposter accounts.

Plus, similar to Twitter, tech companies are slashing positions in mass layoffs and instituting hiring freezes. Gaviola and Chang discuss this trend, as well as the reversal of remote work policies for some companies.

And the world's biggest cryptocurrency exchange, Binance, has expressed concern about its smaller rival, FTX, and announced it was selling the FTX token, which caused the equivalent of a bank run on it — large groups of depositors withdrawing their money. Binance agreed to bail out the faltering company, but after a closer look, decided against it.

For more top business and tech news, visit The Peak Daily at https://readthepeak.com/shows/the-peak-daily

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