Technology

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.

Last January, PayPal laid off some 2,000 people.