In a wide-ranging interview yesterday, CEO Mark Zuckerberg said “it will take a few years” for the company to dig itself out. įacebook has lost almost $100 billion in market value in recent weeks as it struggles with compounded controversies over fake news, electoral interference, privacy violations and a broad backlash to smartphone addiction. Tesla stock is down about 36 percent since its September 2017 peak. Tesla is starting its second quarter in a defensive crouch: Its semiautonomous “Autopilot” driver-assist technology was found to be involved in a recent fatal crash in California it is struggling to meet its production goals for the Model 3, its first-ever mass-market car and last week, Tesla voluntarily recalled 123,000 of its luxury sedans, the Model S, to fix a power-steering issue - that’s close to half of all the vehicles the company has produced. For some industries that rely on near-constant access to Instagram data - think customer service or brand marketing - these limits can make it difficult to keep up with customer complaints or posts. The move appears to be part of Facebook’s efforts to cull back data access in the wake of the company’s Cambridge Analytica privacy scandal. Instagram is cutting off API access for some developers and limiting how often others can use its API to collect data on Instagram users.
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Moving to its own chips would let Apple release new Mac models on its own timeline the initiative is part of a larger strategy to make all of Apple’s devices - including Macs, iPhones and iPads - work more similarly and seamlessly together. Īpple is reportedly planning to use its own processors in Macs by as early as 2020, replacing Intel. Over time, the company imagines a growing tier of music acts will work directly with the streaming service, which could improve its profit margins.
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In order to believe that’s a good idea, you have to believe that Spotify has figured out how to change the way it works with its most crucial partners: The big music labels. Today, as it goes public, it wants investors to value it at something above $20 billion. Spotify is 12 years old and has never been profitable. Here’s why you should care about what happens with Spotify’s unusual IPO today - even if you don’t care about Spotify: If the company’s direct listing strategy is successful, then the push-and-pull power struggle between Silicon Valley and Wall Street would shift more toward the former.
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