The Tesla CEO, who is on trial for securities fraud, insists that his proposal to take the company private at $420 a share was not a weed joke. Musk spent most of today’s testimony doing what no one really should have to do: defend old tweets. Illustration by Laura... Read more
Lightyear has stopped production on its solar-powered EV after three months
Money/Business May 9, 2023
It says it plans to focus on producing a less expensive car aimed at the mass market. One of the first Lightyear 0s being made.Image: Lightyear Electric vehicle company Lightyear has announced that it’s halting production on the Lightyear 0, its €250,000 (around $270,000 USD) solar-powered car that the... Read more
Now DoorDash will deliver Starbucks across the US, too
Money/Business January 28, 2023
You’ll be able to order Starbucks through the DoorDash app at more locations starting in March. Image: DoorDash DoorDash will soon start delivering Starbucks food and drinks in all 50 US states, the company announced in a blog post. The service will initially roll out to Northern California, Texas,... Read more
Crypto Gets Its First Prison Sentence for Insider Trading
Money/Business January 11, 2023
Nikhil Wahi pleaded guilty on one count of conspiracy to commit wire fraud for exacting illegal trades ahead of at least 40 different Coinbase listing announcements. Image: Sergei Elagin (Shutterstock) A U.S. District Judge sentenced Nikhil Wahi to 10 months in prison on Tuesday, bringing one part of a... Read more
Companies have been cutting costs. Photo by Natt Garun / The Verge It feels like every day, we hear news of mass layoffs and hiring freezes from big tech companies that were formerly famous for having deep pockets and near-endless amenities for workers. Now, it’s clear that the industry... Read more
Tesla broke labor laws by telling workers not to discuss pay, NLRB claims
Money/Business January 4, 2023
The NLRB alleges Tesla told employees at its Orlando, Florida location not to talk about pay with other employees or to complain to managers about working conditions. Illustration by Alex Castro / The Verge Tesla’s accused of violating national labor laws by allegedly telling employees at its Orlando, Florida... Read more
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