It’s official: Yesterday Google announced its 1st smartwatch, which will be called the Pixel Watch and will go on sale in the fall.
Bad breakup: FIFA and Electronic Arts (EA) called it quits. EA’s licensing deal with FIFA expires next year; afterward, the video game publisher will rebrand its soccer game to EA Sports FC.
More stores: Ikea announced plans to invest $3B+ in its
mazes stores, which includes building new stores and renovating old ones. The plan will span all 32 regions where the company operates.
Old social: TikTok launched a ‘Friends’ tab to replace its current ‘Discover’ tab and allow users to get more frequent updates from people they follow.
Yikes: Carvana laid off 2.5k workers, many over Zoom. The employees were primarily in operational roles, and made up ~12% of the online car dealer’s workforce.
UPDATE: In January, we wrote about cheap real estate in the Great Plains. Well, buyers are taking advantage, with one couple snagging a free Dutch Colonial home in Lincoln, Kansas. It’s a fixer-upper, but costs ~$2m less than a dilapidated home in San Francisco.
Union news: Employees at a Virginia Target store are prepping for a union election, joining workers at Amazon warehouses, Starbucks cafes, and Apple stores across the US. #ecommerce-retail
Sunbeam: The UK wants to build a solar power plant in space that would beam energy back to Earth, and could have a demo in orbit by 2035. #clean-energy
Whoa: Popular Science explains IBM’s “Kookaburra,” a powerful quantum processor that may debut in 2025. #emerging-tech
The European Commission is proposing regulations to scan private messages on chat apps for potential child abuse. Privacy experts are not fans. #privacy
Bit of a dip: Bitcoin dropped below $30k Wednesday, the lowest point since December 2020, as rising inflation spurs investors to ditch risk assets. #fintech-crypto
Lawsuit: A former Meta employee is suing the company, accusing it of violating the Kenyan constitution with substandard working conditions for contracted content moderators in Kenya. #big-tech