parent company
Why Meta is laying off 10% of its workforce
Meta, the parent company of Facebook and Instagram, is planning to lay off 8,000 employees, or roughly 10% of its workforce, in May, as it seeks to cut costs...
Snap is cutting 1,000 workers in the latest tech layoff
Snap, the parent company of disappearing messaging app Snapchat, said Wednesday that it’s laying off 1,000 workers to reduce costs.The Santa Monica social media company is pursuing profitability and...
Sony and Honda pull plug on the $100,000 EV that was set to debut in California
As major automakers pare back their EV offerings, Sony and Honda are scrapping their plans to launch a gadget-packed electric vehicle.The move by Sony Honda Mobility comes weeks after...
As L.A. jury deliberates, another social media lawsuit ends in $375-million verdict
Jurors in New Mexico leapfrogged their California peers Tuesday, handing down a $375-million verdict against Meta for endangering children while a similar lawsuit remains pending in Los Angeles County.The...
Another billionaire confirms California exit: Uber co-founder Kalanick
Uber co-founder Travis Kalanick said he moved to Texas in December, adding to the list of billionaires who have left California ahead of a proposed wealth tax. In an...
Meta, TikTok and others agree to teen safety ratings
Meta, TikTok and Snap will be rated on their teen safety efforts amid rising concern about whether the world’s largest social media platforms are doing enough to protect the...
Meta opens flagship store in West Hollywood to showcase AI glasses, VR headsets
Meta, the parent company of Facebook and Instagram, opened a new flagship store in Los Angeles where people can try out their smart glasses and virtual reality headsets while...
Alphabet’s stock climbs after judge rules Google won’t be forced to sell Chrome
When a federal judge deemed Google a “monopolist” last year, questions lingered about how he would help restore competition in online search.On Tuesday, U.S. District Court Judge Amit Mehta...
