Snapchat Parent Cutting 20% of Workforce
Snapchat’s parent company is slashing staff and scaling back investments in straggling businesses, an attempt to rein in costs following a slowdown in ad revenue growth. Snap Inc. is cutting about 20% of its workforce, Chief Executive Officer Evan Spiegel said in an internal memo sent to staff Tuesday. The news sending the stock tumbling in the premarket. Abigail Doolittle reports…
Bloomberg Technology
Tesla Plans Additional $25 Billion in Spending | Bloomberg Tech 4/23/2026
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Tesla’s plans to spend an additional $25 billion this year to support Elon Musk’s AI ambitions. Plus, Intel shares jump after the company pledges to support Musk’s advanced chip manufacturing project, Terafab. And, Lyft CEO David Risher discusses the company’s international growth plans as the ride-hailing firm buys…
Bloomberg Technology
Tesla Sales Helped by High Gas Prices
Tesla says rising gas prices have boosted interest in its electric vehicles. The surprisingly optimistic comments came weeks after the automaker reported lower-than-expected car sales to start the year and as it pivots its focus to AI and robotics. Jessica Caldwell, head of insights at Edmunds, joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”…
Bloomberg Technology
SpaceX Tapped for Group Developing Golden Dome Software
SpaceX is part of a group of companies developing the operating system underpinning President Donald Trump’s Golden Dome initiative, according to sources. It is an expansion of the role Elon Musk’s company is playing in the US missile defense shield. Bloomberg’s Michael Shepard joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this…
Tesla Plans Additional $25 Billion in Spending | Bloomberg Tech 4/23/2026
Tesla Sales Helped by High Gas Prices
SpaceX Tapped for Group Developing Golden Dome Software
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G. Jets
August 31, 2022 at 2:36 pm
this is only the beginning, PREPARE…
Ace
August 31, 2022 at 5:27 pm
They should of pulled a Tik Tok before TikTok
Shahar Rozenbloom
August 31, 2022 at 11:01 pm
Apple Could Add Google and AWS and Ajure Cloud to Apps Easy in killer idea even with Code in new Service in killer idea Tim for Tens of Billions in Patent even add Lower Price by Large Amounts.