Author: pluginever
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The inside story of Elon Musk’s mass firings of Tesla Supercharger staff
https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/ The meeting could not have gone worse. Musk, the employees said, was not pleased with Tinucci’s presentation and wanted more layoffs. When she balked, saying deeper cuts would undermine charging-business fundamentals, he responded by firing her and her entire 500-member team….
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Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc’s strict online content law over child safety risks. The European Commission, the EU’s executive body, said in a statement that it is investigating whether the social media giant’s Facebook and Instagram platforms “may…
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Question about blackout periods for employees
Can a company blackout the entire company without any notice or explanation? I am not an employee that’s subject to blackouts. Never have been. But suddenly they blacked out the whole company without notice. When emailing the admin they say “it’s a special blackout period with no further detail”. I had a pending sale that…
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Department of Justice says Boeing may be criminally liable in 737 Max crashes
Boeing has violated a 2021 agreement that shielded it from criminal prosecution after two 737 Max disasters left 346 people dead overseas, the Department of Justice told a federal judge in a court filing Tuesday. According to the DOJ, Boeing failed to “design, implement, and enforce a compliance and ethics program to prevent and detect…
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Baidu’s robotaxi unit expects to turn profitable next year
Baidu’s robotaxi unit expects to turn profitable next year https://www.cnbc.com/2024/05/15/baidus-robotaxi-unit-expects-to-turn-profitable-next-year.html KEY POINTS Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. Baidu is one of the major players in China’s nascent robotaxi market and received permission from a Beijing city district to begin charging fares in…
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Possible SP500 Inclusions June 20th?
My plans are to NVDA to sell before earning's on the 22nd, playing the run-up safely and not getting greedy. Will repeat this with Costco, selling just before earning's release on 30th. Beginning of June, I believe PLTR hype will begin for SP500 inclusion which will play that run-up. Playing the rumor, not the news…
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OpenAI: “We’re bringing Reddit’s content to ChatGPT and our products” RDDT +13%
https://openai.com/index/openai-and-reddit-partnership/ OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities. To do so, OpenAI will access Reddit’s Data API, which provides real-time, structured, and unique content from Reddit.
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Walmart earnings beat as discounter wins over more high-income shoppers
Walmart on Thursday topped quarterly revenue and earnings expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. The big-box retailer said it now expects to hit the high-end or slightly top its previous full-year guidance. Walmart had expected net sales growth of 3%…
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Is CVS stock at 10% discount worth it?
As an employee I being offered CVS stock at 10% discount. How it works is, say I contribute 5% of my paycheck every month starting from July 1st till December 31st. I will get “X” amount of stocks at 10% off lowest stock either on the first or last day. Example : lowest stock price…