Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Nolan Church, CEO of Continuum, joined Cheddar's On The Job: The November Jobs Report to break down an increasing trend of U.S. workers quitting jobs at bigger companies to start their own businesses or self-employment ventures-- and discuss how it could affect the labor market going forward.
Elon Musk confirmed via Twitter that Tesla's eventual first Cybertruck will be updated to include 4 motors, 4 wheel steering, and a crab mode — like some of its competitors. Andrew Hawkins, a transportation reporter for The Verge, joined Cheddar to talk about how the new Cybertruck positions Tesla in the EV space as more automakers make up ground on the industry leader. "I think that this is actually Tesla saying, hey, if this is what the market wants, then we better put our best foot forward and respond as best as we can," he said, noting companies like Rivian and Hummer have already touted these features.
Lucid Motors has been subpoenaed by the SEC after closing its SPAC deal with Churchill Capital Corporation earlier this year. The move comes as the government investigates EV makers as they attempt to catch up with industry leader Tesla.
Bitcoin experienced another volatile weekend after dropping nearly 20 percent on Saturday. After a slight rebound on Sunday, Bitcoin remained under $50,000 at the start of the week.
