Corporate Challenges and Market Declines in the Tech Industry

Apple says it will be 100% carbon neutral by 2030. Microsoft has been talking to Congress ahead of next week’s hearings. LinkedIn is cutting jobs cause of Covid. Smartphone sales took a hit last quarter for the same reason. Coinbase kept its customers from sending BTC to those Twitter hackers. And might the entire autonomous driving industry be pivoting to less autonomy?

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Links:

• Apple commits to be 100 percent carbon neutral for its supply chain and products by 2030 (Apple Newsroom)
• Microsoft President Met With House Antitrust Committee (The Information)
• LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring (Reuters)
• iPhone SE attracting Android switchers, unlikely to cannibalize iPhone 12 sales (9to5Mac)
• Coinbase says it prevented over 1,000 customers from sending $280,000 worth of bitcoin to Twitter hackers (The Block)
• AMD’s first 7nm Ryzen 4000 desktop chips bring the fight to Intel (The Verge)
• Self-driving industry takes to the highway after robotaxi failure (Financial Times)

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