MORE META LAYOFFS
Facebook parent company Meta is reportedly considering another round of layoffs after cutting 11,000 positions, or 13 percent of its global workforce, in November. Meta made those cuts in a bid to lower costs and increase efficiency as it struggles with financial headwinds along with the rest of the tech sector. The company's much-hyped pivot to the metaverse has yet to pay dividends, and traditional forms of revenue such as advertising spending have fallen due to widespread economic uncertainty. Employees have reported being demoralized by the situation.
TWITTER CHARGING FOR TOOL
Twitter is getting pushback for charging $100 a month for a tool that cash-strapped nonprofits and researchers have come to rely on. Known as the API, or Application Programming Interface, the tool allows organizations to scan the platform for calls for help. Some users are sharing their API keys with do-gooder organizations, but activists are urging Twitter to remove the fee.
AMAZON ROBOTAXI
Zoox, an Amazon-owned startup, is now testing autonomous robotaxis with passengers in California. The company started the tests after getting approval from the state's Department of Motor Vehicles last week. The robotaxis are completely autonomous and have no steering wheels or pedals. They also have bi-directional driving capabilities, meaning they can move forward or backwards with ease. Right now, the permits only apply to a one-mile stretch of road between the Zoox offices and Foster City, California and will only be shuttling employees.
REMOTE WORK COST $12B IN NYC
A Bloomberg News analysis of exclusive data from Stanford University economist Nicholas Bloom found that remote work is costing New York City more than $12 billion a year. Work-from-home reduced the number of days in the office by 30 percent, which meant fewer commutes and fewer workers spending time in the city during the day. The analysis showed that the average worker is spending $4,661 less annually on things like shopping and food.
Federal health officials are expanding an investigation into potentially lead-tainted pouches of apple cinnamon fruit puree marketed for children amid reports of more illnesses and additional product recalls.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Maks Chmerkovskiy and wife Peta Murgatroyd, of "Dancing With the Stars" fame, are branching out into skincare.
Donald Trump began testifying Monday morning in his civil fraud trial, producing the spectacle of a former president and the leading Republican presidential candidate defending himself against allegations that he dramatically inflated his net worth.
The trial between Google and the maker of the game Fortnite will begin Monday as a San Francisco jury will hear Epic Games' case claiming the Google Play Store takes an unfair commission on purchases made through apps.
One of the most self-made and success stories in the country, Emma Grede, has worked along with the Kardashian Jenner family on many of their best-known brands. Grede, CEO and co-founder of Good American, gave back to the next generation of business leaders as a featured speaker at the Chase for Business Make Your Move summit last week. She spoke with Cheddar News about her career, her company's fashion brand, working with the famous Kardashian-Jennifer family and balancing her own family life.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Elon Musk's company XaI has announced a new chatbot called Grok.
SAG-AFTRA said over the weekend that it received the studios' last best and final offer following a meeting on Saturday, with the union saying it's reviewing it and considering a response "within the context of the critical issues addressed in our proposals."
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
