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Facebook's day off: Facebook is having quite a week

Facebook's day off: Facebook is having quite a week

Facebook has had quite a week. On Monday the company's 3 major platforms, Facebook, Instagram and WhatsApp, all went down for 6+ hours. Then a whistleblower, Frances Haugen, testified in front of a Senate Commerce subcommittee, where she did didn't pull any punches.

The outages at the start of the week were a boon for Facebook rivals. Messaging apps like Telegram and Signal surged up the app download rankings, with Telegram's founder claiming 70 million new users on Monday. Snapchat and TikTok also scooped up more screentime, with usage up 23% and 11% respectively. Facebook's stock dropped 5%, only to gain half of its losses back yesterday.

The bigger problem

The technical issues may have been Facebook's longest outage for years, but the damage done is likely to be limited to Monday. That's not quite true for whistleblower Haugen's testimony to the Senate yesterday. She doubled down on her criticism that Facebook is harmful to teen mental health (and knows it), stokes divisions within society and is harmful to democracy.

Zuckerberg answered the age old Facebook prompt "what's on your mind" with a 1300+ word rebuttal of Haugen's main criticisms.

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

Handshake

Big Pharma enters 2026 with an appetite for deals

At the JPMorgan Healthcare Conference, biotechs and Big Pharma signaled they’re primed for M&A this year, after a big year for deals in 2025.

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