The best part about one company revolutionizing video-sharing on the internet is that it gets the say in how awful that experience can be.
Not even Elon Musk’s Tesla—which was touted as a vehicle manufacturing unicorn meant to dent the climate crisis—can withstand those pesky macroeconomic trends. Tesla’s valuation has just fallen as the electric vehicle market seriously cools down.
If the ship’s going down, at least the employees all get a piece of the pie. As X (the platform formerly known as Twitter) continues to devalue itself with decisions that are scaring off advertisers and pissing off users, owner Elon Musk is at least willing to offer some stock to company employees.
Google CEO Sundar Pichai upheld the company’s decision to pay out billions of dollars to remain the top global search engine at the U.S. anti-trust trial on Monday, according to a report from The Wall Street Journal.
Sam Bankman-Fried testified before a jury for the first time on Friday saying he did not defraud FTX customers or take their funds, according to Bloomberg’s live reporting of the trial.
Google’s antitrust trial revealed the multi-billion dollar tech company paid out a whopping total of $26.3 billion in 2021 to keep its status as the default search engine on phones and multiple browsers,