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Meta’s revenue surges to $64.6 billion, but billions in settlements and skyrocketing AI spending turn screws on profit, free cash flow
NewsOctober 23, 20265 min read

Meta’s revenue surges to $64.6 billion, but billions in settlements and skyrocketing AI spending turn screws on profit, free cash flow

Mark Zuckerberg’s Meta Platforms topped Wall Street revenue targets in the third quarter and forecast continued top-line growth, even as billions in legal payments for teen mental health litigation cut…

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Deloitte U.S. human capital chief warns: Broken trust cuts employee motivation by more than half
NewsOctober 23, 20264 min read

Deloitte U.S. human capital chief warns: Broken trust cuts employee motivation by more than half

At a time when every company is warning employees not to blindly trust in anything—even corporate emails, lest they be from fraudsters trying to manipulate and socially engineer—trust has become…

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Billionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn
NewsOctober 23, 20266 min read

Billionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn

Supporters of California’s proposed billionaire tax say it could raise $100 billion, with 90% of the proceeds earmarked for health care. A pair of Stanford economists warn it could instead…

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Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Meta answered with a new class of stock
NewsOctober 23, 20267 min read

Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Meta answered with a new class of stock

Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004, and a new class of stock will help him do just that. Recommended Video On…

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Jeff Bezos reportedly added a $69.5 million beach house to his $237 million Miami compound. A broker says that’s how billionaires live now
NewsOctober 23, 20265 min read

Jeff Bezos reportedly added a $69.5 million beach house to his $237 million Miami compound. A broker says that’s how billionaires live now

Jeff Bezos may have a beach house to go with his $237 million Miami compound. Recommended Video In September, a Delaware LLC paid $69.5 million for a 17,500-square-foot oceanfront estate…

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A SpaceX-Tesla merger: The ins, outs, and what-have-yous
NewsOctober 23, 20264 min read

A SpaceX-Tesla merger: The ins, outs, and what-have-yous

Good morning. Lean and mean today, like Mr. Milchick’s face when the innies displease him. Today’s tech news follows. Have a productive day. —Andrew Nusca Thoughts? Suggestions? Hot tip? Drop me…

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Taiwan blocks Grab’s $600 million Foodpanda deal, citing Uber’s 13.1% stake in the Southeast Asian super app
NewsOctober 23, 20263 min read

Taiwan blocks Grab’s $600 million Foodpanda deal, citing Uber’s 13.1% stake in the Southeast Asian super app

Taiwan’s Fair Trade Commission (FTC) on Wednesday blocked Grab Holdings’ $600 million purchase of Delivery Hero’s Foodpanda business in Taiwan, pointing to the Singapore-based super app’s equity and board ties…

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SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink
NewsOctober 23, 20263 min read

SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink

Elon Musk’s SpaceX said Tuesday that third-quarter revenue rose 161% to $14.6 billion year over year, cruising past the $12.86 billion analysts expected, according to Visible Alpha consensus from S&P…

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Markets sell off worldwide as further conflict looms in the Middle East and Elon Musk cuts capex guidance
NewsOctober 23, 20264 min read

Markets sell off worldwide as further conflict looms in the Middle East and Elon Musk cuts capex guidance

The mood in the markets turned sharply negative today as traders sold off stock around the world. S&P 500 futures were down more than 1% before the New York open.…

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Featured

1 Jeff Kunins is the chief product officer and chief technology officer at Axon.

Taser maker Axon is mandating AI use to speed up work as surveillance tools face scrutiny

October 23, 2026
2 Victoria Deineko, her husband Ievhen Deineko and their daughter Mia look at a multi-story residential building damaged in a Russian missile strike in Kyiv, Ukraine.

‘This action cannot be a coincidence’: Ukraine says a SpaceX speed limit slowed its drones as Trump says it’s time to get a new president

October 23, 2026
3 Abdulrahman Alfozan is seen here caught on camera attempting to retrieve the recording device.

FBI says an OpenAI engineer used his wife’s ChatGPT account to figure out how to plant a secret recording device at the office

October 23, 2026
4 Victoria Madsen quit college to become a ski lift mechanic in Utah.

‘I love telling people that I’m a mechanic’: This Gen Z woman ditched her law aspirations for blue-collar work—and now outearns her friends

October 23, 2026

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