10 things in tech you need to know today
Let's get started.
1. Facebook had a rough day yesterday. Following whistleblower Frances Haugen's interview on 60 Minutes (watch a clip here), Mark Zuckerberg's net worth took a nosedive, dipping by $7 billion in a matter of hours.
- What's behind the nosedive: A stock selloff caused the company to fall 5% after widespread outages plagued every Facebook-owned app - like Instagram, WhatsApp, and Messenger - on Monday. The outages also affected Facebook's internal platforms, bringing work to a screeching halt. One Instagram boss said it felt like "a snow day."
- This isn't the last you'll be hearing from the whistleblower: Haugen will testify about Facebook's practices and the platform's effects on children before Congress today at 10 a.m. ET. Watch her testimony here.
2. Ozy Media is… back? Even after its board of directors voted to shutter the company after a string of scandals, Ozy's CEO Carlos Watson declared the company was not, in fact, dead. Get the latest on Ozy's "Lazarus" moment.
3. Gopuff's rampant growth created "a downward spiral into chaos." As the company grew, so too did cases of fraud and the amount of unsold inventory. Employees told us Gopuff has a supply-chain problem - and managers described throwing away thousands of dollars' worth of food every day. Read our exclusive report on the hectic scenes at Gopuff's fulfillment centers.
4. SNL poked fun at the billionaire space race. In a new sketch, SNL mocked Jeff Bezos, Richard Branson, and Elon Musk's space tourism efforts, and had Owen Wilson playing Bezos on his "midlife crisis of epic proportions." Watch the mock trailer for "Star Trek: Ego Quest."
5. This writer test-drove "China's answer to Tesla." Car-manufacturer Nio's ET7 is a luxury electric vehicle that's ready for autonomous driving - and the writer found that it was like driving an airplane. Here's what it was like.
6. Workers with years of experience are struggling to land tech roles. We spoke with three millennials trying to land a job in the tech industry - one of whom has worked for Microsoft and Facebook - who are applying to internships and junior roles because they say they can't get a job. Why it's so hard for professionals to break in.
7. Blue Origin whistleblower says she lost faith in Jeff Bezos fixing the company's toxic culture. The former employee said Bezos was a proponent of putting arbitration clauses - which keep employees from taking their employers to court - in staff contracts. Why she felt that would keep him from fixing Blue Origin's culture.
8. Tesla has accused Rivian of stealing trade secrets and poaching staff even after Tesla filed a lawsuit in 2020. Per Bloomberg, Tesla is accusing rival EV-maker Rivian of stealing "highly proprietary" battery tech this summer. Here's what we know so far.
9. Tech giants use a little-known tool to quietly enter contracts with ICE and CBP. Google, Amazon, and Microsoft use third parties or act as contractors to sell their tech to US immigration agencies, a strategy that shields them from public scrutiny and employee backlash. Here's how it works.
10. TikTok owner ByteDance is building an international shopping platform. The service, which will take on Alibaba and Amazon, could either be integrated into TikTok or have its own app. Everything we know about ByteDance's first major foray into online shopping.
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- I was working toward a promotion at Amazon when my manager started emailing me about needing coaching. Now I'm worried about losing my job.
- Google's head of mental health and wellbeing was among the 12,000 workers laid off by the tech giant
- Mercedes-Benz says it has achieved Level 3 automation, which requires less driver input, surpassing the self-driving capabilities of Tesla and other major US automakers
- Big screen effect: Of French beards, marketing case studies & littered tourist spots
- Grit, tears, joy: Novak Djokovic claims his 10th Australian Open crown, moves closer to ending the GOAT debate
- Manu Kumar Jain departs from Xiaomi, nearly a decade after working for the Chinese smartphone maker
- L&T reports ₹2,553 crore Q3 net profit, sees boost from major private capex investments
- Tech Mahindra’s Q3 net profit slips 5.2% on year to ₹1,297 crore