Edward Ludlow

Stay informed with Edward Ludlow’s coverage and analysis.

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LAS VEGAS, NEVADA – JANUARY 05: Steve Huffman, CEO of Reddit attends Variety & Reddit An Evening With Future Makers at Wynn Las Vegas on January 05, 2023 in Las Vegas, Nevada. (Photo by Greg Doherty/Variety via Getty Images)

Reddit joins the tech layoff trend by cutting 5% of its staff amid a stalled IPO and effort to stop losing money

By Edward Ludlow and Bloomberg

BEVERLY HILLS, CALIFORNIA – MAY 01: Ashton Kutcher attends the 2023 Milken Institute Global Conference at The Beverly Hilton on May 01, 2023 in Beverly Hills, California. (Photo by Jerod Harris/Getty Images)

Ashton Kutcher raised a $243 million investment fund in just five weeks that will focus on ‘the next absolute transformation’ in tech

By Edward Ludlow and Bloomberg

Elon Musk

Despite outages and bankruptcy threats, Twitter could break even on cash flow in the second quarter, Elon Musk says

By Edward Ludlow and Bloomberg

Signage outside the Meta store in Burlingame, California, US, on Thursday, Feb. 2, 2023. Meta Platforms Inc.’s shares soared 19% in early trading after Chief Executive Officer Zuckerberg announced plans to make the social media giant leaner, more efficient and more decisive. Photographer: David Paul Morris/Bloomberg via Getty Images

Meta is planning 1,000s more layoffs—as soon as this week

By Sarah Frier, Edward Ludlow, and others

ROMULUS, MI – FEBRUARY 13: Bill Ford, Executive Chairman of Ford Motor Company, announces at a press conference that Ford will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Part of a multi-billion dollar investment, the battery plant will provide approximately 2,500 jobs. (Photo by Bill Pugliano/Getty Images)

Ford is investing billions in an EV battery plant in Michigan, and it’s got a partner from China

By Keith Naughton, Gabrielle Coppola, and others

A customer walks past a Carmax.

Carmax joins Carvana in a stock market drubbing as the used car market comes down to earth after pandemic highs

By Bloomberg and Edward Ludlow

Twitter just suspended the account that tracked Elon Musk’s private jet even after the billionaire promised he wouldn’t

By Edward Ludlow, Paulina Cachero, and others

RJ Scaringe, chairman and chief executive officer of Rivian Automotive Inc., during an interview following an Amazon.com Inc. + Rivian reveal event in Chicago, Illinois, US, on Thursday, July 21, 2022. Amazon is starting delivery of packages to US customers using the first of as many as 100,000 electric vans built by Rivian Automotive Inc., which aims to hand over thousands of the vehicles this year. Photographer: Jamie Kelter Davis/Bloomberg via Getty Images

Rivian safety violations ignored by electric-vehicle maker, say Illinois factory workers in complaint: ‘Many near misses’

By Josh Eidelson, Edward Ludlow, and others

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., listens as Jim Bridenstine, administrator of the U.S. National Aeronautics and Space Administration (NASA), not pictured, speaks during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. SpaceXs Elon Musk and NASA Administrator Jim Bridenstine staged a public show of support for one another at the rocket companys headquarters Thursday, weeks after the two traded barbs over the closely held companys delayed efforts to fly astronauts for the first time. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Elon Musk warns that a Twitter bankruptcy is possible after telling employees that ‘difficult times’ are ahead

By Kurt Wagner, Edward Ludlow, and others

SAN FRANCISCO, CA – NOVEMBER 04: Twitter headquarters stands on Market Street on November 4, 2022 in San Francisco, California. Twitter Inc reportedly began laying off employees across its departments on Friday as new owner Elon Musk is reportedly looking to cut around half of the company’s workforce. (Photo by David Odisho/Getty Images)

Oops. Twitter is already trying to rehire workers Elon Musk fired days ago, sources say

By Kurt Wagner, Edward Ludlow, and others

Twitter headquarters in San Francico

Here’s the memo that Elon Musk’s Twitter sent out to the entire staff about massive layoffs

By Kurt Wagner, Edward Ludlow, and others

Elon Musk, chief executive officer of Tesla Inc., arrives at court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Musk was cool but combative as he testified in a Delaware courtroom that Tesla’s more than $2 billion acquisition of SolarCity in 2016 wasn’t a bailout of the struggling solar provider.

Elon Musk will start laying off thousands of Twitter’s workers on Friday amid a growing exodus of advertisers

By Kurt Wagner, Edward Ludlow, and others

Elon Musk

Elon Musk plans to cut about 3,700 Twitter jobs, half of all employees, sources say

By Edward Ludlow, Kurt Wagner, and others

Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. – Billionaire entrepreneur Elon Musk delivered an eagerly-awaited update on SpaceX’s Starship, a prototype rocket the company is developing for crewed interplanetary exploration. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Despite complaints, Elon Musk plans to start charging Twitter users $8 monthly for verification check marks as soon as Monday

By Kurt Wagner, Edward Ludlow, and others

Elon Musk

Twitter tries to treat staff to national emotional wellness month as reports swirl that 75% will get sacked by Elon Musk

By Kurt Wagner, Edward Ludlow, and others