Sorry Apple, Microsoft is Now Most Valuable US Co. & Hertz is Out on EVs
Jan 12, 2024
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Neal and Toby discuss the battle between Microsoft and Apple for the title of the biggest company in the US. They also cover Hertz selling electric vehicles, drama at ESPN, tech layoffs, CES highlights, and Eton's toilet situation.
Microsoft has surpassed Apple as the most valuable company in the United States.
Hertz is selling off its electric vehicle fleet due to financial losses, highlighting the challenges and costs associated with EVs.
Deep dives
US and UK launch airstrikes on Houthi targets in Yemen
The US and the UK have launched airstrikes on Houthi targets in Yemen in response to frequent attacks on international cargo ships. This move has raised tensions in the Middle East and resulted in a 4% increase in oil prices, indicating concerns about disruptions to the global economy.
Hertz reverses its bet on electric vehicles
Hertz, the car rental company, plans to sell a third of its US electric vehicle fleet and use the money to buy cars with traditional gas engines. This decision comes after EVs caused significant financial losses for Hertz, highlighting the slower demand and high maintenance costs associated with electric vehicles.
Tech companies continue to announce job cuts
Tech companies, including Google, Amazon, Discord, and Unity, have announced job cuts, signaling ongoing challenges in the industry. These layoffs reflect a reorganization of resources and a shift towards prioritizing more promising growth opportunities. The trend of job cuts extends beyond tech, with BlackRock also laying off 600 employees.
Episode 234: Neal and Toby discuss the battle between Microsoft and Apple to be the biggest company in the United States. Plus, Hertz sells off over 20k electric vehicles and a breakdown of all the drama happening at ESPN. Next a roundup of all the biggest tech layoffs and the biggest takeaways from CES. Finally, what is going on with the toilets at Eton?