Good morning! This is the tech news you need to know this Thursday.
LinkedIn CEO Jeff Weiner is stepping down after 11 years. Weiner will be replaced by Ryan Roslansky, a senior vice president in charge of product. Clearview AI, the startup that scraped billions of photos from Facebook and Google to create a facial-recognition database, was sent a cease-and-desist by Google and YouTube. Twitter, Google, and YouTube say Clearview AI's method of scraping public photos violates their terms of service agreements, and all three have sent cease-and-desist letters to the company. Buzzy mattress startup Casper priced its IPO at $12 a share on Wednesday, giving it a valuation of $490 million. Previously under a private valuation Casper had been thought to be a unicorn — a company worth more than $1 billion. Google's videogame streaming service Google Stadia will be introducing a free version of its service "over the next few months." Stadia initially launched with access limited to customers willing to pay $130 for its "premiere edition." A verified Kendall Jenner TikTok account was deleted because it was an imposter, and TikTok won't say why it gave a fake account a verified blue checkmark. TikTok's guidelines about how it verifies accounts are incredibly murky, and do not say what steps the team takes to confirm an account is legitimate. Workers at Tesla's California car factory suffered fewer injuries in 2019, improving on the automaker's historically lackluster safety record. The Fremont factory's injury rate per vehicle produced declined by over 50% in 2019, said Tesla's head of health and safety. Elon Musk polled his Twitter followers about opening a Tesla Gigafactory in Texas. Tesla recently opened a Gigafactory in Shanghai, to add to its preexisting Gigafactories in Buffalo, New York, and Storey County, Nevada. Match Group's Q4 full-year earnings revealed Tinder made a whopping $1.2 billion in 2019. Tinder alone accounted for more than half of Match Group's overall revenue. Elon Musk took a victory lap after his weird EDM song broke the top ten on SoundCloud. Elon Musk's song "Don't Doubt ur Vibe" has 2.6 million streams after being released on the platform less than a week ago. Waymo's self-driving car workers have reportedly complained about finding leftover needles in the vehicles as well as a cut to their benefits. Drivers of self-driving Waymo cars in the Phoenix suburbs have seen their benefits cut since shifting to working for the company as "vendors" instead of "contractors," drivers told The Verge.
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Local health authorities say Tesla can begin to restart factory operations on May 18 if proper safety plans are in place
Local health officials announced on Tuesday that Tesla can begin to increase its activities at its...Local health officials announced on Tuesday that Tesla can begin to increase its activities at its Fremont, California, factory this week and may be able to restart some operations from May 18 if proper safety measures are in place and are properly enforced. In a statement shared on Twitter on Tuesday, the Alameda County Public Health Department said it had reviewed Tesla's COVID-19 prevention and control plan for its Fremont factory. Tesla has faced backlash for restarting its production in defiance of local orders. The company had filed a lawsuit against Alameda County on Saturday, arguing it should be considered essential. Visit Business Insider's homepage for more stories. Local health officials announced on Tuesday evening that Tesla's Fremont, California factory can begin to increase its activities this week and may be able to restart some operations from May 18 if proper safety measures are in place and are properly enforced. In a statement shared on Twitter on Tuesday, the Alameda County Public Health Department said it had reviewed Tesla's COVID-19 prevention and control plan for its Fremont factory "as anticipated" as part of California Gov. Gavin Newsom's guidance for reopening the state's manufacturing businesses. "We reviewed the plan and held productive discussions today with Tesla's representatives about their safety and prevention plans, including some additional safety recommendations," the department said in its statement. "If Tesla's Prevention and Control Plan includes these updates, and the public health indicators remain stable or improve, we have agreed that Tesla can begin to augment their Minimum Business Operations this week in preparation for possible reopening as soon as next week." "Next Monday, May 18th, marks two weeks following the May 4th Order loosening restrictions," the statement added. "Provided that the data show progress with our COVID-19 indicators, during this two week period, we would allow additional approved activities for local businesses, including Tesla, as previously planned." Tesla CEO Elon Musk has been sparring with local health officials over the opening of the factory, and Tesla faced backlash for restarting its production in defiance of local orders. The company filed a lawsuit against Alameda County on Saturday, arguing it should be considered essential. Alameda County introduced shelter-in-place restrictions in March, which forced the California factory to shut down its operations. Musk has been critical of these measures, meant to curb the spread of COVID-19, calling them "fascist" and saying they are "fundamentally a violation of the Constitution." Under current California guidelines, only essential businesses are allowed to operate, though Newsom allowed some retail and manufacturing businesses to open last Friday. President Donald Trump supported Musk's insistence that the factory should be allowed to reopen in a tweet on Tuesday. "California should let Tesla & @elonmusk open the plant, NOW," Trump tweeted. "It can be done Fast & Safely!" Musk acknowledged the risk of reopening against local directives on Tuesday, tweeting that "if anyone is arrested, I ask that it only be me." Internal company emails seen by The Verge on Tuesday indicate that Tesla will soon fully reopen its Gigafactory in Nevada, where it produces batteries for its electric cars. Join the conversation about this story » NOW WATCH: Inside London during COVID-19 lockdown
JPMorgan potentially made $1 billion after boosting its Tesla stake by 600% last quarter | Markets Insider
JPMorgan Chase potentially made over $1 billion from Tesla in under two months. The bank's investment...JPMorgan Chase potentially made over $1 billion from Tesla in under two months. The bank's investment arm boosted its stake by 600% last quarter to around 2.5 million shares. Those shares have surged in value from $1.1 billion to $2.1 billion following Tesla's stock rally. JPMorgan may have netted more than $2 billion if it bought and sold at the right time. Visit Business Insider's homepage for more stories. JPMorgan Chase may have made over $1 billion from Tesla in less than two months. It boosted its stake in Elon Musk's electric-car startup by about 600% last quarter, before its stock price roughly doubled this year. The banking titan's investment arm added 2.2 million Tesla shares in the final three months of 2019, ending the year with more than 2.5 million shares or a 1.4% stake, according to SEC filings and Bloomberg data. Those shares were worth about $1.1 billion then, based on Tesla's stock price of $418 on December 31. They're now worth about $2.1 billion, as Tesla shares currently trade at $845. JPMorgan may have raked in more than $1 billion. If it snapped up the Tesla shares when they traded at $250 in early October, then sold them at their $970 peak earlier this month, its investment would have surged in value from under $650 million to nearly $2.5 billion — a return of close to $2 billion. Other investors have probably cashed in on Tesla's rocketing stock too. Renaissance Technologies increased its holding by more than 400% last quarter, making it Tesla's seventh-biggest shareholder with a 2.1% stake. The hedge fund potentially netted more than $1.5 billion from the move. Tesla's astounding stock rise has lifted its market capitalization to north of $150 billion, surpassing the combined market caps of automotive titans GM, Ford and Chrysler. However, critics ranging from investors and industry veterans to politicians argue the rally isn't based on anything substantive, and warn it will run out of steam.Join the conversation about this story » NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
Elon Musk's song "Don't Doubt ur Vibe" made SoundCloud's top 10, joining the likes of Roddy...Elon Musk's song "Don't Doubt ur Vibe" made SoundCloud's top 10, joining the likes of Roddy Ricch and the late Juice WRLD. The song has 2.6 million streams after being released on the platform less than a week ago. In light of his new SoundCloud fame, the tech giant changed his Twitter bio to "SoundCloud Rock Star," then to emojis of a music note, a cloud, and a crown. Visit Business Insider's homepage for more stories. Tech billionaire Elon Musk is celebrating the success of his unusual EDM track after it reached the top 10 on the popular streaming site SoundCloud. Under the account name Emo G Records, Musk's "Don't Doubt ur Vibe" has been streamed 2.6 million times in less than a week, coming in 8th place worldwide as of late Wednesday. Ahead of Musk's song are popular artists like Roddy Ricch and the late Juice WRLD. In celebration of its success, Musk posted a screenshot of the chart, with a celebratory "8th hottest song on Soundcloud!!" 8th hottest song on Soundcloud!!https://t.co/5FJNJYc9kA pic.twitter.com/PmoBYJL4in — Elon Musk (@elonmusk) February 5, 2020 In a follow-up message he said "Putting that on my LinkedIn for sure." You can listen to the song here: When he released the track on January 31, Musk tweeted that he wrote the lyrics and performed the vocals himself. He also gave his followers a look inside the studio with pictures of him while he worked on it. Vibbbe pic.twitter.com/21WKNOnMXZ — Elon Musk (@elonmusk) January 31, 2020 pic.twitter.com/6lz3prQ2pF — Elon Musk (@elonmusk) January 31, 2020 The musician Grimes, who is dating Musk, posted a video of him rocking out to a track in the studio on her Instagram story. Elon Musk in the studio (video posted by Grimes) from r/elonmusk Although Musk's track is a success worldwide, it ranks lower on US views alone, with less than 50% of its total in the past week coming from Americans. In the US-only charts, "Don't Doubt ur Vibe" was 28th on Wednesday. The new track follows a rap song that Musk uploaded last year called "RIP Harambe," which has 2.8 million streams. In light of his new SoundCloud fame, the tech giant changed his Twitter bio to a series of emojis including a music note, a cloud, and a crown. He also briefly changed his Twitter name to "E 'D' M," a play on his initials EM and his newfound music genre. Read more: Elon Musk says SpaceX is hiring and holding a career day this week — here's where to send your resume Elon Musk is getting closer to a massive payday — here's how he could become Jeff Bezos-level wealthy Elon Musk is apparently making EDM songs now, because what has the tech billionaire not done yet? SEE ALSO: The 16 most bizarre things Elon Musk has said he believes Join the conversation about this story » NOW WATCH: Why it's so hard for planes to land on water