Meta is laying off 10% of its entire staff next month. Read the full memo it just sent to employees.

Meta told employees it plans to lay off 10% of staff in May, citing efficiency and rising costs. Staff will get severance and extended benefits.

$25,000 Buys Plenty of Used EVs: Here Are Some Options

Is $20,000–$25,000 a sweet spot for secondhand electric cars? We think so.

Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

Five years later the founders, now 24 years old, say their startup has achieved $300 million in annualized revenue.

LinkedIn data shows AI isn't to blame for hiring decline... yet

LinkedIn says hiring is down 20% since 2022, but blames higher interest rates — not AI — for the slowdown.

Feds will require data centers to show their power bills

In a first, the U.S. Energy Information Agency said it will require data centers to disclose details of their energy use.

The Allbirds pivot to… meme stock?

Verge favorite Matt Levine weighs in on the New Allbirds Thing. The financing is the crucial part — so some “institutional investor” is “essentially buying $50 million worth of stock at the old, defunct-sneaker-company price, and selling it at the new, AI-neocloud-company price,” maybe. Neocloud market looking frothy, imo.

US utilities plan to spend $1.4 trillion by 2030 to power the AI boom

A report analysing capital spending plans from 51 investor-owned utilities finds the $1.4 trillion figure is double what was invested in the prior decade. More than 30 utilities cited data centres as a top growth driver. Average residential electricity prices are already projected to rise 5.1% this year.

OpenAI’s $852 billion valuation is under scrutiny from its own investors

Some backers say OpenAI has revised its product roadmap twice in six months and risks losing focus ahead of an IPO expected as early as Q4 2026. OpenAI’s new CRO has accused Anthropic of overstating its $30B run rate by $8B through gross accounting on cloud partner revenue. Both companies say they follow standard accounting practices.

CEO thought leadership can drive $367M in value

This is something communicators have long believed but haven't been able to prove.

Plaid Integration Provides Full View of Personal Finances

Perplexity links to accounts through Plaid for personalized debt plans, retirement dashboards, and cash flow forecasts.

OpenAI made economic proposals

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No big trucks for little roads: American OEMs say EU is blocking imports

European buyers aren’t interested in full-size trucks; US car industry doesn’t care.