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- Facebook faces a breakup after being hit with double lawsuits. Both lawsuits, from the FTC and 46 states, revolve around the company’s acquisitions of Instagram in 2012 and WhatsApp in 2014.
- DoorDash made its trading debut 78% above IPO price. The food-delivery company raised roughly $3.4 billion with its IPO after pricing shares at $102 each.
- SpaceX launched an experimental Starship rocket in Texas. Elon Musk previously estimated a two-in-three chance that the test flight would fail.
- Google’s CEO apologized for how the company handled an AI ethicist’s exit. Sundar Pichai addressed Timnit Gebru’s departure in a memo sent to employees on Wednesday.
- Google plans to lift its post-election political ad ban. The “sensitive event” policy was created to prevent misinformation spread about the election or COVID-19.
- Apple and Google banned a major data broker from collecting location info. The tech giants told developers they must remove X-Mode’s tracking software or risk being cut off from their app stores.
- The PS5 is outselling new Xbox consoles 2-to-1. All the same, Sony and Microsoft have struggled to keep up with demand.
- Criminals are climbing on top of moving vehicles to steal PS5s from delivery drivers. The unusual technique is believed to be on the rise, according to The Times.
- DoorDash drivers could get bonuses in wake of the firm’s IPO. The company’s IPO filing in November revealed delivery workers will not be granted stock.
- Anonymous calls to police this summer warned of ex-Zappos CEO Tony Hsieh’s behavior. Hsieh died on November 27 in Connecticut, following injuries he sustained in a house fire more than a week prior.