Facebook: Bracing for a breakup fight
Mark Zuckerberg vowed he’d take Sen. Elizabeth Warren (D-Mass.) to court if she tried to break up Facebook, said Casey Newton in TheVerge.com. In audio recorded from an employee Q&A in July and leaked this week, Zuckerberg sounded alarmed by Sen. Warren, who has threatened to split up big tech companies like Facebook, Google, and Amazon if she becomes president. “I would bet that we will have a legal challenge, and I would bet that we will win that legal challenge,” Zuckerberg said, adding that the effort would “still suck for us.” In a tweet, Warren said, “What would really ‘suck’ is if we don’t fix a corrupt system.”
Tesla: Catching up to 2019 goals
Tesla is expected to top 100,000 car deliveries in a quarter for the first time, said Dana Hull in Bloomberg.com. In an email to employees last week, CEO Elon Musk said the company “has a shot” at beating last quarter’s 95,000 deliveries. After a dismal first quarter plagued by logistical screwups, “a six-digit-delivery quarter” would put Tesla in position to reach the 360,000-to-400,000 range the company forecasted for 2019. However, “for perspective, General Motors sold about 110,000 Chevrolet Silverado pickups in the second quarter just in the U.S.”
General Motors: Far from a strike pact
The United Auto Workers’ strike against General Motors hit its third week, said Jamie LaReau in the Detroit Free Press, and “the two sides remain far from a tentative agreement.” In a letter to members this week, union leaders said they rejected a proposal from GM because it “came up short” on “health care, wages, temporary employees, skilled trades, and job security.” The 46,000 striking workers are getting by on $250 per week as the holdout continues. GM, for its part, is losing $82 million a day from the strike, according to an estimate by J.P. Morgan.
Sports: Nike CEO briefed by doping doctor
Nike CEO Mark Parker was briefed on numerous occasions on doping experiments by a celebrated track coach, said Sara Germano and Joshua Robinson in The Wall Street Journal. The U.S. Anti-Doping Agency revealed this week that Parker was included on emails with coach Alberto Salazar and a Nike-sponsored endocrinologist, Jeffrey Brown, “that detailed the pair’s ongoing research to find performance-enhancing benefits for a stable of Olympic runners in the highly decorated Nike Oregon Project, an elite training group based at the company’s headquarters.” Salazar and Brown received four-year bans from the sport.