Economy - Page 52

Snapchat Turns Off Controversial Feature Fueling Teen Anxiety

Snapchat has adjusted its ‘Solar System’ feature, turning it off by default, in response to recent criticism and concerns over its potential negative impact on teens’ mental health and relationships. The Solar System feature serves as a friend-ranking tool, driving teen anxiety by making them worry about their social status. One teen explains, “It’s everyone’s biggest fear put onto an app.”

Sad teen with a phone in her bedroom - stock photo Single sad teen holding a mobile phone

Elon Musk’s Tesla Faces Trouble as China EV Market Cools Off

China, the world’s largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla’s sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.

Elon Musk and his boss Xi Jinping

Apple Lays Off 600 in Wake of Electric Vehicle Failure

One of the most valuable companies on Earth, tech giant Apple, has laid off more than 600 employees in California, signaling a shift in the company’s priorities as it faces a multitude of challenges under the leadership of CEO Tim Cook. Many of the layoffs were related to the company’s failed electric vehicle project, which was shut down in February.

Apple CEO Tim Cook waves as he arrives for the Economic Summit held for the China Developm