Welcome back, Readers! Today we’re taking you inside the latest developments with Elon Musk and Twitter, and Food52 laid off 10% of staff in a pivot to e-commerce.
Ready? Let’s Get into It:
ALL THINGS TECHNOLOGY YOU NEED TO KNOW TODAY-
1.Elon Musk isn’t joining Twitter’s board after all. In a surprise announcement late Sunday, CEO Parag Agrawal wrote on Twitter: “Elon Musk has decided not to join our board.” That’s just five days after news initially broke that Musk would take a board seat.
*Agrawal said Musk’s board seat was contingent on “a background check and formal acceptance”, with his appointment due to be official from April 9. That morning, Musk told the firm he had decided against joining. “I believe this is for the best,” Agrawal wrote.
*The volte-face comes after Musk has spent the past week aggressively tweeting about the “significant improvements” he wanted to see at Twitter. These included reduced content moderation, and an edit button.
*Musk’s floated board appointment had been contentious internally. Staffers had vented publicly, calling the entrepreneur a racist. Musk, meanwhile, had criticized Twitter employees for working from home.
In other news:
2.Food52 laid off 10% of staff in a pivot to e-commerce. The layoffs came just after the venture-backed recipe and home-goods bazaar received $80 million in investment from The Chernin Group. Employees describe feeling “gut-punched.”
3.DoorDash is handing out more equity. According to a leaked memo, the company plans to offer some employees extra equity to compensate for its sliding share price, which is off more than 50% since its November peak.
4.Amazon says New York union organizers gave workers weed to help secure unionization votes. The objection was one of several made by the e-commerce giant as it seeks to overturn a vote that created the first union in the company’s history.
5.Gopuff is hiking customer fees, cutting driver shifts, and slashing delivery hours. Leaked documents show the rapid-delivery company is finding new ways to cut costs after industry volatility already pushed it to cut 3% of its global workforce.
6.Luxury goods retailer LVMH is accused of illegally collecting customers’ facial data in a new lawsuit. The lawsuit alleges LVMH, which owns Louis Vuitton, collects people’s facial scans without asking when they use its virtual glasses try-on tool.
7.Amazon aggregator Suma Brands has laid off a big chunk of its staff. Suma Brands had just secured $150 million in fresh funding to grow its acquisitions and deals team, and follows a record-breaking year for the Amazon aggregator industry.
8.Women who say they’ve been sexually harassed by food-delivery drivers say the companies failed to help them. We spoke with five women, whose allegations range from disturbing text messages to unwanted touching, who are upset by how the companies — DoorDash and Grubhub — dealt with the reports.
9.Jeep unveiled its electric Wrangler concept. According to Jeep, its Wrangler Magneto 2.0 goes 0-60 mph in 2 seconds — matching Tesla’s $136,000 Model S Plaid sedan, regarded as the quickest production car in the world.
10.Here are 18 wild details from “The Dropout” — and whether or not they really happened. Hulu’s series depicts the rise and fall of Elizabeth Holmes and her blood-testing startup, Theranos. From her secret relationship to her signature baritone.
Follow us for updated news and videos. Read more on https://dawentsit.com/ #Technology #DawentsIT #TechnologyNews #ElonMusk #Twitter #Food52 #AllThingsTechnologyToday #WeInspireToDeliver
