Tootfinder

Block says it is laying off more than 4,000 of its 10,000 employees; XYZ jumps 19% in extended trading (Annie Palmer/CNBC)
https://www.cnbc.com/2026/02/26/block-laying-off-about-4000-employees-nearly-half-of-its-workforce.html

Block shares soar 24% as company slashes workforce by nearly half
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.

Meta's decision to deprioritize VR in favor of AI and internet-connected glasses has chilled the VR industry, leading to concerns about its future (Jonathan Vanian/CNBC)
https://www.cnbc.com/2026/01/24/metas-reality-labs-cuts-sparked-fears-of-a-v…

Meta's Reality Labs cuts sparked fears of a 'VR winter'
Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised concerns about the future of the industry.

Q&A with David Liu, CEO of PlusAI, which is slated to go public next month, on the ongoing commercial trial of its autonomous truck driving software, and more (Rani Molla/Sherwood News)
https://sherwood.news/tech/plusai-ceo-david-liu-on-…

PlusAI CEO David Liu, on the precipice of going public, talks autonomous trucking
With his company set to hit the public markets in February, Liu envisions a future where most vehicles, commercial or not, are driving themselves.

A group of YouTubers with a combined 6.2M subscribers adds Snap to a class action lawsuit, alleging the company trained its AI systems on their video content (Sarah Perez/TechCrunch)
https://techcrunch.com/2026/01/26/youtuber…

YouTubers sue Snap for alleged copyright infringement in training its AI models | TechCrunch
The YouTubers claim Snap, like others, used AI datasets meant for research and academic use to train its AI models.

Driverless truck startup Einride raised a $113M PIPE at a $1.35B pre-money valuation, down from $1.8B initially attached to its upcoming SPAC deal (Rebecca Bellan/TechCrunch)
https://techcrunch.com/2026/02/26/self-driving-truck-sta…

Self-driving truck startup Einride raises $113M PIPE ahead of public debut | TechCrunch
Self-driving trucks startup Einride has raised an oversubscribed $113 million PIPE in advance of its SPAC merger scheduled for early 2026.

eBay says it plans to cut ~800 jobs, or ~6% of its full-time employees, after laying off ~500 people in early 2023 and ~1,000 staff in early 2024 (Jo Constantz/Bloomberg)
https://www.bloomberg.com/news/articles/2026-02-26/ebay-is-…

Despite Palantir's high trailing P/E ratio of ~450x, retail traders have poured billions of dollars into the stock, which is up ~3,000% in the past three years (Alex Harring/CNBC)
https://www.cnbc.com/2025/12/25/palantir-retail-investors-valuation-karp.html<…

Wall Street wrote off Palantir as too expensive. Retail investors can't get enough
The stock, which made its market debut in 2020, is an indisputable star of the retail investing world.

Workday reports Q4 revenue up 14.5% YoY to $2.53B, vs. $2.52B est., and forecasts FY 2027 subscription revenue below estimates; WDAY drops 9% after hours (Larry Dignan/Constellation Research)
https://www.constellationr.com/insights/ne

Workday's fiscal 2027 subscription revenue outlook light, but Bhusri optimistic | Constellation Research
Workday reported a solid fourth quarter, but its subscription outlook was light. The company reported fourth quarter earnings of 55 cents a share on revenue of $2.53 billion, up 14.5% from a year ago. Non-GAAP earnings were $2.47 a share. Wall Street was expecting Workday to report fourth quarter non-GAAP earnings of $2.32 a share on revenue of $2.52 billion.

New York's AG sues Valve over its use of loot boxes, accusing the game developer of violating state gambling laws and threatening to addict children to gambling (Jonathan Stempel/Reuters)
https://www.reuters.com/legal/government/n

Filing: C3.ai plans to cut ~26% of its workforce; the company had ~1,200 employees as of April 2025; C3.ai shares drop 20% after hours on weaker FY guidance (Brody Ford/Bloomberg)
https://www.bloomberg.com/news/articles/2026-02…