Twitter plans to fire hundreds of workers. It could announce the layoffs before an earnings report on Thursday, Bloomberg reported. The money-losing company’s share price has fallen about 40% in the past 12 months, making it hard to pay engineers with stock, much less compete for talent. Potential buyers of the company, including Alphabet and Salesforce.com, have backed away.

The company may cut about 8 percent of the workforce, or about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, the people said. Planning for the cuts is still fluid and the number could change, they added. The people asked not to be identified talking about private company plans.

Alphabet bought a startup specializing in eye-tracking technology. Who needs a computer mouse when eye movements can control things on a screen? That’s the idea behind three-year-old Eyefluence, which will now join the search giant Google at Alphabet. Its technology could work especially well in virtual reality and augmented reality environments.

Eyefluence, which is working to enable eye movements to control digital screens, wrote in a blog post on Monday that it’s joining the search giant Alphabet Inc. The three-year-old startup, which had reportedly raised $21.6 million in funding, didn’t disclose a price

Uber  has partnered up with MasterCard MA  and Mexican online bank Bankaool to launch a debit card in Mexico.

According to Business Insider, the UberCard will only be available in Mexico where many card providers don’t allow their customers to use their cards for online payments, which is what Uber generally relies on. Luckily, because of MasterCard’s role in this collaboration, UberCard payments aren’t only relegated to the Uber app, but can be used anywhere that MasterCard is accepted.

Guaranty Trust Bank (GTBank) in its nine-month unaudited report posted an 8.2 per cent increase in operating expenses, an indication of rising challenges in the industry.

Also, although it recorded 59.6 per cent increase in profit after tax to N119.9 billion from N75.2 billion in the corresponding period of 2015, its cost-to-income ratio, which moderated to 28.5 per cent in the period under review is said to be high too.The bank’s Profit Before Tax also rose from N92.06 billion to N140.84 billion, an increase of 53 per cent.

The improved performance, according to the bank, was attributable to its aggressive pursuit of outlined key objectives for the year, as well as benchmarking the bank in line with global standards.

Its loan book grew by 19.6 per cent, from N1.372 trillion recorded in December 2015 to N1.640trillion in September 2016, while Total Assets of the bank stood at N3.093 trillion, with shareholders’ funds of N483.4billion.

US banks announced their Venmo competitor. Set to compete against PayPal-owned Venmo, their money-transfer app will be called Zelle. It will launch next year and be built atop the payments networks of the nation’s biggest banks, including Chase, Citi, and Bank of America.