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World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn newsthirst.

The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector. “The quarter has been…

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Discord names new CEO ahead of potential IPO as co-founder steps down newsthirst.

Headphones are seen in front of displayed Discord app logo in this illustration taken March 29, 2021. Dado Ruvic | Reuters Discord co-founder and CEO Jason Citron is stepping down from the gaming-focused social messaging service, the startup said Wednesday. Citron will be replaced by former Activision Blizzard Vice Chairman Humam Sakhnini, who will assume…

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