Business Archive

As Wall Street Journal reporter Meghan Bobrowsky highlights, the valuations used for Elon Musk’s all-stock combo platter of X companies were negotiated in an... interesting way.

The Alexa Fund, which has invested in companies like Ring and Ecobee, is broadening its scope to include more AI-powered technology. In addition to investing in the AI startup NinjaTech, the company has also announced investments in Hedra, an AI video generation platform; Ario, an AI assistant for parents; and HeyBoss, an AI website design tool.

The company — which owns Square, CashApp, and Tidal — is reportedly laying off over 930 employees and closing its open roles. It’s the company’s second recent layoff, after cutting similar numbers in early 2024. Dorsey explained the cuts in an email sent to staff and shared by TechCrunch:

One of Tesla’s usually favorable Wall Street analysts, Dan Ives from Wedbush, published a note pleading with CEO Elon Musk to spend less time at DOGE. “Tesla and Musk are facing a defining chapter in their future and how Musk handles this next few months will be pivotal to the long term growth trajectory of Tesla in our view,” Ives wrote. Another thing Ives says Musk needs to do is prepare lower-cost vehicles for 2025.

DoorDash is partnering with Klarna so users can pay for groceries and takeout in installments. “Buy now, pay later” services like Klarna can be a convenient way to split up big purchases, but can also be debt traps. It’s the type of service the Consumer Financial Protection Bureau was looking into — before Elon Musk and the Trump administration began gutting the agency.

Elon Musk has publicly railed against Delaware’s corporate law as its judges ruled against his wishes, moving the incorporation of Tesla and other companies out of state. Now, CNBC says a January WSJ report that Meta was considering moving its incorporation spurred immediate action from the governor on a new bill, SB 21, that might make its laws friendlier to folks like Musk and Mark Zuckerberg.