Technology
Spotify is slowing hiring by 25%, CEO says
Drew Angerer / Getty Images Spotify is slowing hiring by 25%, CEO Daniel Ek said in an email to employees on Wednesday. It’s the latest signal that companies across tech, many of which grew significantly over the early stages of the pandemic, are cutting back on staff growth as economic uncertainty looms. While job growth […]
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Elon Musk files appeal to end SEC decree over Twitter posts
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Elon Musk on Wednesday appealed a judge’s refusal to end his 2018 agreement with the U.S. Securities and Exchange Commission requiring a Tesla lawyer to vet some […]
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Chinese Tesla rival Nio launches new electric SUV as competition heats up
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Nio on Wednesday launched the ES7 sports utility vehicle as competition with Tesla intensifies in China. The ES7 adds another competitor to Tesla’s Model Y and Model X in China as the competition in the electric SUV space ramps up. Nio is trying to differentiate its electric SUV by highlighting the technology features of the […]
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Meta’s Silicon Valley home, Menlo Park, plans to electrify 95% of its buildings
A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019. Josh Edelson | AFP | Getty Images Technology hub Menlo Park, California, home to Meta, is teaming up with Brooklyn, New York-based BlocPower in a new form of public-private partnership to electrify thousands of buildings to […]
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Musk says he’s leaning toward voting for Florida Gov. Ron DeSantis for president
Brendan Smialowski | Afp | Getty Images Billionaire Tesla and SpaceX CEO Elon Musk is leaning toward voting for Florida’s Republican governor, Ron DeSantis, for president in 2024, he said Wednesday on Twitter. DeSantis, who has not officially thrown his hat in the ring for the race, is an ally of former President Donald Trump […]
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Bitcoin came close to falling below $20,000 as investors continue to flee cryptocurrencies
Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images The sell-off in cryptocurrencies deepened even further on Wednesday, with bitcoin sinking very close to the key level of $20,000. Bitcoin plunged as much as 10% to an intraday low of $20,166, according to Coinbase data. It was last trading at […]
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U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context
The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles have accounted for nearly 70% of reported crashes involving advanced driver-assist systems since last June, according to federal figures […]
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Microsoft retires Internet Explorer browser after 26 years
Microsoft Corp. Chairman Bill Gates announces a new version of Microsoft Internet Explorer for Windows XP and that Microsoft would include Windows AntiSpyware technology at no extra charge, during his keynote address at RSA Conference 2005 in San Francisco, Tuesday, Feb. 15, 2005. The two new enhancements will lead to safer Web browsing according to […]
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Netflix is planning a ‘Squid Game’ reality show with a record $4.56 million cash prize
Netflix has opened casting for the show to English-language speakers around the world. Tang Ke | Future Publishing | Getty Images Netflix is doing “Squid Game” for real (without any of the blood and gore). The streaming platform has approved a reality TV series called “Squid Game: The Challenge,” which will pit 456 contestants against […]
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Bill Gates says crypto and NFTs are ‘100% based on greater fool theory’
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder described the phenomenon as something that’s “100% based on greater fool theory,” referring to the idea that overvalued assets will go up in price when […]
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