A day after whistleblower Frances Haugen went public with many of the allegations she’s been lobbing at Facebook (so far only through the Wall Street Journal’s recent expose series), Zuck & Co. found themselves mired in one of the most significant outages ever to hit the company, with Facebook, Instagram, and WhatsApp all offline starting around noon eastern and stretching for hours - NYTimes and WSJ and Bloomberg and Marketplace and TechCrunch
Of course, just because its website [temporarily] disappeared doesn’t mean that the rest of its problems have, so Facebook lawyers pressed on Monday with a motion to dismiss the FTC’s amended antitrust action against the company, arguing that “the agency’s complaint still lacked evidence that the company had violated antitrust laws” - NYTimes and Bloomberg and Law360
The OPEC+ nations have decided to play it slow in increasing production output despite rising demand and per-barrel prices hitting some of their highest prices—both in the U.S. and internationally—in years - WSJ and NYTimes
NHiTSA delivered some welcome news for Elon and Teslaheads on Monday, formally declining to open an official probe into “fire risk in Tesla vehicles with fully charged batteries after finding no relevant incidents in the United States in the last two years” - NYTimes and TechCrunch
Not as good for the e-car giant? Try the $137 million award a jury has ordered Tesla to pay Owen Diaz, “a Black former employee who accused the carmaker of ignoring racial abuse he faced while working there” - NYTimes and WSJ and Bloomberg and Law360
At least one key Ozy investor—SV Angel’s Ron Conway—pushed back hard on Monday to Carlos Watson’s attempted media redemption blitz, calling on Watson to take care of his 75 employees rather than focusing on company advertisers and investors - NYTimes
Hulu’s president, Kelly Campbell, has reportedly resigned in favor of a senior role at NBCUniversal. Campbell had been with Hulu for 4 years and spent the past almost-two years at the helm of the streaming service - WSJ
Chip shortages cost Ford nearly 30% in Q3 sales—a drop “in line” with much of the rest of the auto industry, “which has been hampered by a global shortage of computer chips” - NYTimes
Meanwhile, in Sweden, the Geeley-owned Volvo Cars has announced that it’s moving forward with an IPO that could value the safety-conscious auto mainstay at upwards of $25 billion and help Volvo fund “efforts to transform its fleet into a fully electric one” - WSJ
And you thought we’d let those new Space Force unis go by unmentioned. Tsk tsk - NYTimes
Stay safe, and get vaxxed,
MDR
Related Attorneys
Partner
