In case there was any doubt, Mark Zuckerberg will stay in California. Meta was apparently concerned enough that its founder and CEO might leave his home state that the company launched a new stock plan that could help offset the burden of higher taxes should a tax on billionaires, known as Proposition 40, pass on … Read more
Earnings season is in full swing, and Big Tech’s calls go beyond heavy use of “superintelligence,” which some interpret as an attempt to please the White House after it reportedly disliked the term “artificial intelligence.” Here are three moments from Tesla (TSLA), Meta (META), and IBM (IBM) earnings calls Wednesday night that stuck with us. … Read more
SAN FRANCISCO – If you are an Amazon Prime customer, you could receive up to $200. Amazon began sending its first round of automatic refunds to qualified customers in early October following a $2.5 billion settlement with the Federal Trade Commission in September. The FTC accused the online retail giant of enrolling millions of consumers … Read more
Airbnb hosts will no longer be able to ask guests to make beds or wash dishes under the hosting platform’s new rules. The changes, which apply to Airbnb reservations covered by the platform’s global policy, will go into effect on November 20 and will limit the tasks imposed on guests. Airbnb had long received complaints … Read more
American Airlines forecast deeper losses this year as record revenue failed to help the airline recover from rising fuel costs this year. As a result, the airline plans to slow its capacity growth next year. American said Thursday that it expects to lose between $1 and $1.60 per share on an adjusted basis for the … Read more
Earnings season is in full swing, and Big Tech’s earnings calls are going beyond heavy use of “superintelligence,” which some interpret as an attempt to please the White House after it reportedly disliked the term “artificial intelligence.” Here are three moments from Tesla (TSLA), Meta (META), and IBM (IBM) earnings calls Wednesday night that stuck … Read more
Tesla CEO Elon Musk said demand for vehicles is outpacing production as autonomous driving gains ground, while the company announced plans to launch Cybercab service in Dallas next month and expand its autonomous transportation network (Credit: Tesla). Tesla CEO Elon Musk said demand for the company’s electric vehicles is significantly outpacing production, pointing to growing … Read more
The Internet’s mad scramble on Wednesday to fix a pair of critical vulnerabilities in PHP, a widely used web scripting language, was already too late to stop each attack, newly released details reveal. Wednesday’s release of fixes for two critical vulnerabilities in PHP sent administrators and security personnel scrambling to identify and patch vulnerable websites … Read more
New and pending applications under the Permanent Labor Certification Program, or PERM, have been frozen. This is a big blow to Indians who hold the majority of H-1B visas – a temporary visa for specialists – who used to work in the US while depending on PERM to obtain a green card and, ultimately, citizenship.
Tesla (TSLA) reported better-than-expected third-quarter earnings, with its free cash flow and capital spending above Wall Street estimates. Tesla reported third-quarter revenue of $28.05 billion versus the Bloomberg consensus of $28.13 billion. Tesla reported adjusted EPS of $0.48 vs. estimate of $0.44, with adjusted EBITDA of $3.9 billion vs. $3.66 billion. Tesla shares were volatile … Read more