Tesla lays off ‘more than 10 percent’ of its workforce, loses top executives

The layoffs follow the company’s first drop in year-over-year vehicle deliveries since 2020. | Illustration by Alex Castro / The Verge A few weeks after reporting its first year-over-year decline in vehicle deliveries since 2020, Tesla is now planning to lay off over ten percent […]

Samsung awarded $6.4 billion CHIPS Act grant to build ‘semiconductor ecosystem’ in Texas

The Biden administration just announced a preliminary agreement to award Samsung up to $6.4 billion in grants as part of CHIPS Act funding. This money will complement the $44 billion in private investment that the company has promised to spend in the state to build […]

Meta is shutting down Threads in Turkey following injunction against data-sharing with Instagram

Meta is shutting down Threads in Turkey on April 29 after an interim injunction from the Turkish Competition Authority (TCA) against automatic data-sharing with Instagram. The TCA ruled that linking Threads and Instagram without user opt-in “will lead to irreparable harms” and that Meta “abused […]

Meta’s ‘consent or pay’ tactic must not prevail over privacy, EU rights groups warn

Ahead of a full meeting of the European Data Protection Board (EDPB) this week (April 16 and 17), which is expected to produce guidance on a controversial tactic used by Meta to force Facebook and Instagram users to consent to its tracking, almost two dozen […]