Thursday, October 24, 2019
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Facebook is losing its last Oculus co-founder

Facebook is losing its last Oculus co-founder

Facebook spent billions on Oculus in 2014, and in the years since the organization has been absorbed deeper into Facebook while the startup’s co-founders have stepped back in prominence. Today, the final Oculus co-founder remaining at Facebook, Nate Mitchell, announced he was leaving the company in an internal memo sent to employees. The news was…
Uber, losing billions, freezes engineering hires

Uber, losing billions, freezes engineering hires

Feeling the burn — Uber has been burning cash at more than $1 billion per quarter. Timothy B. Lee - Aug 10, 2019 1:30 am UTC Enlarge / Dara Khosrowshahi, shown here in 2013, is CEO of Uber.Matthew Lloyd/Bloomberg via Getty ImagesUber is freezing hiring for software engineers and product managers across its US and…
Tesla’s still losing money despite a record quarter for deliveries

Tesla’s still losing money despite a record quarter for deliveries

Tesla made and delivered more cars in the second quarter of 2019 than it did in any other quarter in company history, but still lost $408 million, according to a new filing with the Securities and Exchange Commission. That’s an improvement over the unexpectedly big $702 million loss Tesla posted in the first quarter of…
Netflix is losing beloved shows, subscribers, and confidence

Netflix is losing beloved shows, subscribers, and confidence

Netflix reported earnings on Wednesday night, and the results were disastrous. The company saw its first major loss in US subscribers last quarter, and a mere 2.7 million paid customers added globally, nearly half of what was forecast. Stocks dropped by more than 10 percent just after the report came out. It’s a terrifying slowdown…
Losing yourself in virtual worlds can have good as well a negative effects

Losing yourself in virtual worlds can have good as well a negative effects

Level up — Psychologist Pete Etchells chats with Ars about his first book, Lost in a Good Game. Jennifer Ouellette - Jul 17, 2019 10:45 am UTC Enlarge / A visitor holds a hand control unit to play Minecraft during the EGX gaming conference in London, September 2014.Pete Etchells lost his father to motor neuron…

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