Daily Edition · Page 2

THE DAILY INDEX

Technology, AI, software, security, crypto and business

PROGRAMMING, DESIGN & DATA SCIENCE

TLDR

TENSIONS RISE IN SILICON VALLEY OVER SALES OF START-UP STOCKS

Private stock sales have always felt a bit like the Wild West. Investors continue to find ways around companies' attempts to restrict stock sales using techniques such as forward contracts, which allow employees to cash out their future shares through a pledge to sell the shares to an investor in the future. Some companies forbid these practices and say such deals are void. Companies creating funds with these shares say they are making the market more accessible and that shares obtained through forward contracts are legal.

TESLA ANNOUNCES FOURTH ROUND OF LAYOFFS IN FOUR WEEKS

Multiple recently-former Tesla employees posted on social media on Sunday to share that they were no longer with the company. The company started laying off employees last month ahead of the release of its Q1 financial results. While Elon Musk has said that he plans to reduce headcount by more than 10% globally, the total may be closer to 20% by the time everything has settled. The latest round of layoffs affected service advisers, engineers, and HR.

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