Tesla hasn’t had a losing streak like this since March 2020

Tesla’s stock has dropped at least 1.5% in each of the last six sessions. The last time it had a run like this was during the pandemic doldrums of March 2020.

It’s been a bad run for Tesla recently, what with sales declining in Europe and around the world after the company promised a “return to growth” this year. The EV company has erased most of the gains it made in the aftermath of President Donald Trump’s victory in November.

It’s currently trading around its 200-day moving average and right below where it opened when the stock started to rocket up — 90% at one point — postelection.

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Jury finds Meta and Google liable in social addiction case

A Los Angeles jury found Meta and Google liable of designing Instagram and YouTube to be addictive for young users, awarding the plaintiff $3 million in damages, with Meta responsible for 70% of the total. The trial centered on whether features like autoplay and infinite scroll contributed to a plaintiff’s mental health issues — and could set a precedent for holding tech companies responsible for product design, not just content.

The jury also found that Meta and Google could face punitive damages, with a separate phase of the trial to determine how much they should pay.

The decision comes just one day after a New Mexico judge ordered Meta to pay $375 million in civil penalties, saying it violated state consumer protection laws by enabling child sexual exploitation.

Jury finds Meta and Google liable in social media addiction trial

The jury also found that Meta and Google could face punitive damages, with a separate phase of the trial to determine how much they should pay.

The decision comes just one day after a New Mexico judge ordered Meta to pay $375 million in civil penalties, saying it violated state consumer protection laws by enabling child sexual exploitation.

Giga Texas transformed the Austin landscape. Elon Musk thinks Terafab could be about 10x the size.

Watch Giga Texas grow from space.

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Sora lasted less than one Quibi

OpenAI’s app joins the hallowed halls of video ideas that burned bright and fast.

Max Knoblauch, Jon Keegan15h

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As Big Tech chases enterprise AI, Meta and Apple double down on small businesses

Apple and Meta are playing to their strengths in small business.

An illustration of communication between employees in various departments

$75B

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SpaceX, which could file confidential paperwork for its IPO as soon as this week, is now aiming to raise an astounding $75 billion through its public listing, The Information reports. That’s 50% higher than previous reports.

For comparison’s sake, the current record holder for money raised in an IPO is Saudi Aramco, which raised $29.4 billion. Or, as The Information noted, SpaceX’s IPO would “surpass all money raised by US IPOs last year.”

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