This week in tech saw a flurry of activity, with electric vehicles, online marketplaces, and security breaches making headlines. From Slate EVs spotted in the wild to Airbnb's pricing updates, and from a hack at Blue Shield to Tesla's troubling earnings call, there's a lot to unpack.
Let's start with Slate EVs, the electric vehicle maker that has been operating in relative secrecy until recently. Following a report by TechCrunch revealing Jeff Bezos' financial involvement and the company's plan to price its EV at around $25,000, Slate has been planting concept cars around LA to garner interest. This move is likely to generate buzz around the company's affordable EV offering.
In other EV news, Tesla's Q1 earnings call on Tuesday revealed a 71% drop in net income from the same quarter last year, making it the worst quarter for Tesla deliveries in more than two years. This news comes as a blow to the company, which has been facing increased competition in the EV market.
Airbnb, meanwhile, has announced a significant update to its pricing model. The online marketplace will now automatically show the total cost for a given property, including all charges, when people search for properties. This move is likely to increase transparency and make it easier for users to compare prices.
On the security front, Blue Shield of California notified customers of a data breach this week. The insurance giant said it used Google Analytics to track how its customers used its websites, but a misconfiguration had allowed for personal and health information to be collected as well. This breach highlights the importance of proper configuration and security measures in the digital age.
In other security news, Bluesky, a decentralized network, went down for users on Thursday night, raising questions about how such a network could be vulnerable to downtime. On Friday, Bluesky confirmed that it had been hit by a DDoS attack, which was likely the cause of the outage.
On a more positive note, Chess.com has announced that it now has 200 million members, crediting its continued product innovation as one of the reasons for its strong and sustained growth. This milestone is a testament to the popularity of online gaming and the importance of innovation in the digital space.
Finally, former WeWork CEO Adam Neumann's proptech company, Flow, has secured over $100 million in funding, bringing its valuation to approximately $2.5 billion. This news has raised eyebrows, given the problematic history of WeWork, but it will be interesting to see how Flow fares in the competitive proptech market.
In analysis, Tesla's troubles are likely to continue, with backlash against Elon Musk rising to such a level that Tesla's lawyers feel the need to warn investors it could damage the company's brand and business. This highlights the importance of reputation management and the impact of public perception on a company's bottom line.
Overall, this week in tech has been marked by significant developments in the EV market, online marketplaces, and security. As the tech industry continues to evolve, it's clear that innovation, security, and reputation management will be key to success in the years to come.