Start-up funding in 2023 was similar to COVID levels, topping just $3.5 billion compared to $7.4 billion in 2022, the latest State of Australian Startup Funding Report found.
The social media company joins Microsoft, Zoom, Okta and others that have laid employees off in the new year.
But Apple (shares down 5% this year) and Tesla (down 26%) have watched on the sidelines as their big tech peers have won over investors in 2024.
The electric car maker has already begun issuing over-the-air software updates to fix the issue.
The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.
Talks to renew a licensing deal between TikTok and Universal Music Group fell through Tuesday.
Serial entrepreneur Katy Barfield secured the seed round of funding from Asia Pacific early-stage VC Investible. Her company Yume has redistributed 8 million kilograms of food from customers including Kelloggs, Mars Food and Unilever.
Tesla shares dropped around 2% in after-hours trading following the ruling.
Japan’s “Moon Sniper” rover on Monday regained power and has woken up on the Moon, a surprise turnaround for the country’s historic space mission after its successful “pinpoint” landing on the lunar surface more than a week was marred by technical challenges and forced into hibernation.
Musk’s net worth rose by $5.5 billion on Monday, as Tesla’s share price rallied 4.2% after a major slump last week.